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...capital terms, much of Europe is an underdeveloped area. The Continent lacks many of the broad-based financial institutions that, in the U.S., have transformed "people's capitalism" from a flag-waving slogan into a reality that works. The bourses exist in an aroma of gossip, cater primarily to a thin group of the elite. In France, most brokers do not even advertise-and the first one who does so aggressively may get on to quite a good thing. Still fearful of invasion and deflation, peasants tend to distrust securities, put their money in the mattress and their faith...

Author: /time Magazine | Title: Essay: THE WHOLE WORLD IS MONEY-HUNGRY | 4/5/1968 | See Source »

...beginning of last week, the Michigander's own opinion sampling and other polls showed Romney trailing by 6 and 7 to 1 (see box overleaf). The aroma of failure would make delegate-foraging in non-primary states difficult. Romney's campaign had already cost $1,000,000 by the estimate of National Campaign Manager Leonard Hall, and would have required $2,000,000 more by the August convention; yet contributions were becoming scarce. Johnson, Hall and other Romney advisers decided that withdrawal was the only feasible course; no recovery seemed possible in Wisconsin, Nebraska or Oregon. They relayed...

Author: /time Magazine | Title: Republicans: The New Rules of Play | 3/8/1968 | See Source »

...PUBLIC WORKS. The rich aroma of pork converts even the most ardent budget cutters into big spenders. "Sometimes you have to put that feeling of economy behind you," said Senate Minority Leader Everett Dirksen, pleading for a $400,000 appropriation to start a dam at Decatur Ill. Dirksen got what he wanted, as did the others from both parties who approved the $4.6 billion public-works bill for fiscal 1968. Among its many nonessentials is the Delaware River-Tocks Island park; projected costs for it have grown from $90 million to $198 million. Well over $1 billion in similar public...

Author: /time Magazine | Title: Essay: HOW TO CUT THE U.S. BUDGET | 12/8/1967 | See Source »

Smith, relaxing in an armchair and filling the room with the wild cherry aroma of his pipe tobacco, did not feel powerless after his defeat. His unsuccessful campaign created a potentially devastating base of support--a coalition among white workers, Negroes, and intellectuals. "We have created something to work from, whether it's me or somebody else who runs next time. My job is to get the working class, the Negro and the intellectual together and screw the middle class...

Author: By Kerry Gruson, | Title: Benjamin W. Smith: New South Hero | 11/8/1967 | See Source »

...perfect early insular evening. In my garden which enjoys quiet seclusion there is a magnificent display of choice hysterias, glowing hydrants. From the kitchen and pantry comes the evocative aroma of curmudgeon cooked in its own juice with a leaf of spandrel and a pinch of rime...

Author: /time Magazine | Title: Books: Short Notices: Jul. 28, 1967 | 7/28/1967 | See Source »

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