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...convince foreign moneymen that the Administration has a handle on the economy's problems. In the long run, dollar stability will depend on U.S. progress in reducing its gargantuan trade deficit of almost $30 billion?and not much progress is expected this year. Congressional passage of an energy bill???almost any energy bill ?would help by demonstrating American determination to cut oil imports, the biggest contributor to the deficit. A dollar slide aggravates other troubles: it worsens inflation by increasing the price of imports, and causes the Federal Reserve to raise interest rates more than it otherwise would...

Author: /time Magazine | Title: Nation: Trying to Build Confidence | 1/30/1978 | See Source »

Even so, Dirksen was far from ready to accept what he thought was a bad bill???and the shouts of professional civil rights men bothered him hardly at all. "If the day ever comes," he said, "when, under pressure or as a result of picketing or other devices, I shall be pushed from the rock where I must stand to render an independent judgment, my justification in public life will have come...

Author: /time Magazine | Title: The Congress: The Covenant | 6/19/1964 | See Source »

With tiny tears at the corners of her eyes, Mme. Nhu recently sighed that she had trouble at first appreciating "that I made many people unhappy with my Family Bill???people who were in illegitimate liaisons but who were strongly in love." Pulling herself together, she adds: "But society cannot sacrifice morality and legality for a few wild couples. I have chosen to defend the legitimate family...

Author: /time Magazine | Title: South Viet Nam: The Queen Bee | 8/9/1963 | See Source »

...sound and significant legislation. The House, prodded by Chairman Steagall of the Banking & Currency Committee, passed the Eccles measure with a whoop last May. Apparently jealous Congressman Steagall's prime purpose was to embarrass his old rival Senator Glass with a demonstration of the House's enthusiasm for the bill???whether its members understood it or not. The House made a few concessions to country bankers, self-righteously struck out one of the best features?pensions for Federal Reserve Board members to insure their independence?and left it to the Senate to put the bill in shape...

Author: /time Magazine | Title: Business: Eccles into Glass | 7/15/1935 | See Source »

...reporting to New York members of the Ornery Men's Club the acquisition of a new and noble member?Governor 'Alfalfa Bill??? Murray of Oklahoma," said Clubfounder Volney T. Hoggatt of Denver. The Ornery Men's Club was organized in 1900 in the late Sports Promoter George L.("Tex") Rickard's saloon at Nome, Alaska. Original members include Rickard, Hoggatt, U. S. Senator Key Pittmann of Nevada, Novelist Rex Beach, Capone Attorney Albert Fink. Some qualifications for Ornery Club membership: wearing "good luck" galluses; finger-jabbing people in the chest while conversing; messing in the kitchen; carrying love charms; wearing...

Author: /time Magazine | Title: People, May 9, 1932 | 5/9/1932 | See Source »

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