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Capitalism is even showing its first blush in post-Mao China. As part of the Four Modernizations programs, Communist leaders are rehabilitating former capitalist "running dogs." Nearly 5,000 older entrepreneurs have been asked back to become factory managers or advisers. Their confiscated capital has been returned, with interest, and China now has some 100 millionaires in U.S. dollar terms. Hu Qiaomu, the director of the Academy of Social Sciences, admitted in a policy statement in the People's Daily that China has had to adopt such capitalist principles as "the pricing system, the rule of value, and the advantage...

Author: /time Magazine | Title: Business: Capitalism: Is It Working...? Of Course, but... | 4/21/1980 | See Source »

...lodgers. Much of this initial wariness disappeared after hours of conferences and committee meetings, but a good deal of caution remains. "Everybody doesn't agree with the move, but a vast majority feel this is the correct thing to do," says McCue. His counterpart, Allison, adds that "at first blush, our reaction was, 'Look, we're full up. We don't need this.' Later, everyone became persuaded of the logic of the president's case...

Author: By Paul M. Barrett, | Title: City Planning: Better Homes and Gardens | 4/4/1980 | See Source »

...front of the glassy-floored store, the walls are loaded from top to bottom with tinted makeups, going by such names as Midnight Blush, Ginger Interlude, and seduction Night Sienna. The Timex and Bulova displays are cruelly juxtaposed on another counter, just across, to remind you that you are old, or will be soon, and will be in want of makeup. Back at the makeup counter, you shrink under the sullen gaze of the desperately nubile females trapped in their placards. There are piles of solemn light green pamphlets like the AWAKE pamphlets the Jehovah Witnesses push on passersbys...

Author: By Karen A. Odom, | Title: Drugstore | 12/6/1979 | See Source »

Western leaders were unimpressed with Brezhnev's offer. Sounding more resolute than usual, President Carter said at a press conference that the Soviet proposal was "not quite as constructive as at first blush it seems to be. I think it's an effort designed to disarm the willingness or eagerness of our allies adequately to defend themselves. In my judgment, the decision ought to be made to modernize the Western allies' military strength and then negotiate with a full commitment and determination mutually to lower armaments on both sides...

Author: /time Magazine | Title: Nation: High-Level Lobbying for SALT | 10/22/1979 | See Source »

Made in America seems at first blush an odd title for a novel about the Mafia, but Peter Maas should be forgiven his irony. Sicily's best-known export has, of course, become as American as frozen pizza. As Maas has shown in The Valachi Papers and Serpico, Cosa Nostra reaches far below the imperial realms of The Godfather into virtually every working-class neighborhood where cash is short and the Mob's loan sharks cruise...

Author: /time Magazine | Title: Books: Out Like Flynn | 8/27/1979 | See Source »

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