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What Thieu has done is abolish elections in Viet Nam's 10,626 hamlets. Henceforth province chiefs, all of whom are appointed by Saigon, will choose hamlet officials. The province chiefs will also appoint-without the approval of elected village councils, which has heretofore been required -the staff and administrative officers in every hamlet and village in the country. The effect of the decree is to extend Thieu's control right down to the level where most Vietnamese make their most immediate-and sometimes their only-contact with government...

Author: /time Magazine | Title: The World: Thunderbolt from Thieu | 9/18/1972 | See Source »

...Brokers must now bargain on commissions with customers who make trades worth more than $300,000, a slight cut from the previous minimum of $500,000. The SEC plans to reduce the cutoff point gradually to $100,000 by April 1974. Congressman Moss, on the other hand, wants to abolish fixed commissions entirely and have fees bargained between broker and investor on every trade...

Author: /time Magazine | Title: WALL STREET: Setting a Deadline for Reform | 9/11/1972 | See Source »

Macey's most startling recommendation is to abolish all rules governing how poor a family must be to occupy public housing. Instead, he says, rents should be pegged to the family's ability to pay. One result would be to provide the housing authority with higher rents as tenants' incomes rise; in Britain, most housing projects now pay their own way under this system. The arrangement also helps to ensure that each project contains a mixture of residents-young and old, white and black. Indeed, Macey says that such a "social mix" should be planned from...

Author: /time Magazine | Title: Environment: New Views on Housing | 8/28/1972 | See Source »

...theological campaign against the idea of wage-price controls-which ended abruptly last Aug. 15 with the laying down of the New Economic Policy-he was widely thought to be reflecting the wishes of big businessmen. Nixon and his principal advisers still dislike controls, and they have promised to abolish them at the first possible moment. Quite a few business leaders, however, have become increasingly devoted converts to governmental guidelines. An especially telling sign of their approval came last week in a report by the Committee for Economic Development, an organization of top-ranking corporate chieftains-including executives of Jersey...

Author: /time Magazine | Title: CONTROLS: A Vote for Phase III | 7/31/1972 | See Source »

...aims of party reform was to change the character of the convention itself, to abolish the smoke-filled room and cynically staged yahooery. A certain puritanism lies behind the new rules-all of which must be approved by the delegates. Floor parades with hired bands and conscripted enthusiasts are forbidden. Nominating and seconding speeches for each candidate will be limited to a total of 15 minutes-or so the rules optimistically provide. All but gone will be the endless procession of nominating speeches for favorite sons; now a candidate must prove he has substantial support in at least three states...

Author: /time Magazine | Title: Convention '72: Ready or Not, Here They Come to Miami | 7/10/1972 | See Source »

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