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In his diaries of the era, Morgenthau described the scene in Roosevelt's bedroom at daily meetings to set the bidding price for gold. The reclining President "would eat his soft-boiled eggs" while aides discussed the price the U.S. should pay. Once, when Morgenthau was gloomier than usual...

Author: /time Magazine | Title: The New Deal: Two of a Kind | 2/17/1967 | See Source »

In their determined efforts to maneuver between recession and further inflation, the Johnson Administration's economic policymakers have somehow managed with splendid impartiality to alienate some of the more important segments of Congress, labor, business, the banking community and the formidable fraternity of economists. Last week the simmer of...

Author: /time Magazine | Title: The Economy: With Statistics That Are Steadier than the Arguments | 2/17/1967 | See Source »

Most of the misgivings boiled down to Detroit's insistence that not enough lead time remains for revisions before next fall's model introductions. Warned American Motors Vice President E. W. Bernitt: "Certain of the proposed standards, if made effective in their present form, would prohibit our company...

Author: /time Magazine | Title: Autos: Retreat from the Record | 1/13/1967 | See Source »

Proof in a Capsule. But the 21st case was an infant, "so young," as Dr. Lang puts it, "that we could look at practically everything that had gone into that baby." One of the things, it turned out, was a capsule of carmine red. A substance that goes through the...

Author: /time Magazine | Title: Medicine: The Case of the Dubious Dye | 1/6/1967 | See Source »

But can't modern technology provide an equally good wooden song box? A few violinists say yes, most say no. In recent years, scientists have studied the art of violinmaking in minute detail; scores of fiddles have been scraped, Xrayed, dismembered, chemically treated, dehumidified, baked, boiled, bombarded with sound...

Author: /time Magazine | Title: Instruments: The Little Wooden Song Box | 12/30/1966 | See Source »

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