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...free men shape historic trends toward noble goals," he said, many of today's nettlesome problems will abolish themselves. "As the less developed nations succeed in establishing viable economies and raising their living standards, our own economy will soar to new heights and our technology will be challenged as never before. Burdensome surpluses-even those of wheat-will disappear. Enlarged demand throughout the world will have to be met by new methods, and more effective use of resources everywhere...

Author: /time Magazine | Title: THE PRESIDENCY: Ever-Rising Levels | 10/26/1959 | See Source »

...Gaitskell, onetime professional economist, retorted with yet another piece of pie-in-the-sky: "There will be no increase in the standard rate of income tax under a Labor government so long as normal peacetime conditions continue." And from London, Labor Party headquarters chipped in: "We are going to abolish sales tax on such essentials as clothes, furniture and many household goods." In shocked response, newspapers, Tory candidates-and voters-all over Britain began to echo the question: "How will it all be paid for?'' Macmillan pressed his advantage. "A gross piece of electioneering," he sniffed. "They...

Author: /time Magazine | Title: GREAT BRITAIN: In Dubious Battle | 10/12/1959 | See Source »

...University agreed to accept loan monies offered under the NDEA and to administer the required oath to students requesting loans, in order to applaud and encourage "the high motives which prompted Congress to pass the ... Act." But President Pusey, in a letter supporting Senator Kennedy's bill to abolish the oath requirement, also called the oath "rude and unworthy of Congress," "a direct personal affront" to the colleges, and urged that Kennedy's committee recommend the "elimination of this odious section...

Author: By Alan H. Grossman, | Title: Growing Concern Evidenced Over NDEA Loan Program Loyalty Oath | 9/28/1959 | See Source »

...month-old autonomous state of Singapore, Lee Kuan Yew's puritanical new administration, after banning pinball games and jukebox parlors, last week set out to end polygyny (except among Moslems) and to abolish the widespread local Chinese practice of concubinage...

Author: /time Magazine | Title: SOUTHEAST ASIA: The Puritan Crusade | 7/13/1959 | See Source »

...Devaluate the peseta and abolish the multiple exchange rates. (Mercury exporters get 31 pesetas for a dollar, tungsten exporters 90. Paris black-marketeers 60. The official rate...

Author: /time Magazine | Title: SPAIN: Nation in Trouble | 6/15/1959 | See Source »

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