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...press. On the Republican side, voters rejected Clay Myers, the secretary of state whom Governor Tom McCall had strongly backed to succeed him. Instead, they chose conservative State Senator Victor Atiyeh. Finally, voters of both parties joined to defeat five of six statewide ballot measures, including a bond issue for water projects, proposals to use some gasoline-tax funds for mass transit, and a school-tax measure that would have shifted some of the burden from property taxes to income and corporate levies...

Author: /time Magazine | Title: The Nation: Return of the Old Tiger | 6/10/1974 | See Source »

Senior German officials do not expect the personal bond between the two leaders to alter the basic views of national interest so deeply held in both countries. It is well to remember, though, that Willy Brandt and Georges Pompidou did not like and trust each other; Schmidt and Giscard do. That is a notable advantage even, or perhaps especially, when policies diverge...

Author: /time Magazine | Title: The World: The Val | 6/10/1974 | See Source »

What the U.S. needed, Richard Nixon said again and again during his 1968 campaign, was "a new Attorney General." When Bond Lawyer John Mitchell moved into the Justice Department after the election, he went all out to make good on Nixon's implied promise that the country's top legal officer would know how to use wiretaps to fight organized crime. Last week that promise, like so many others from the law-and-order Nixon Administration, collapsed dramatically. The Supreme Court ruled that a sizable chunk of Mitchell's taps were improper and illegal. At one stroke...

Author: /time Magazine | Title: The Law: Mitchell's 60-Case Mistake | 5/27/1974 | See Source »

...bank's poor performance at first was blamed largely on losses in bond trading-not unusual at a time of slumping bond prices. But then Chairman Harold V. Gleason disclosed that Franklin also had lost $14 million in foreign-currency trading since March 31-later it was revealed that other losses were incurred before that date-and that the total loss could climb to $39 million by the time all trading contracts are fulfilled. He blamed the losses on unauthorized trades made by an unnamed employee who, he said, had been fired...

Author: /time Magazine | Title: BANKING: A Shocking Drama | 5/27/1974 | See Source »

Sacred Cow. The doctors were wrong, of course. But Burgess still works with the passionate speed of a condemned man. Right now he has three new novels in the works: an espionage thriller in a "super-James Bond vein," a biographical fiction based on his pianist father's musical career, and a novel devoted to Pope John XXIII, about whom Burgess, a strict English Catholic, is highly critical. Soon to be published is the third and concluding volume of the Enderby novels, the story of a poet who loses and then regains his creative gift, generally regarded...

Author: /time Magazine | Title: Books: Grand Illusions | 5/27/1974 | See Source »

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