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The occasion of Carter's remarks was itself unusual: a White House conference on steel, attended by mill and union bosses and presided over by the Administration's chief trade negotiator, Robert Strauss. That it was called constituted Administration recognition that the steel industry is in bad trouble...

Author: /time Magazine | Title: Business: Some Reassurance for Steel | 10/24/1977 | See Source »

To make capital-gains taxes more acceptable, the Treasury would liberalize the law on capital losses. At present, taxpayers are allowed to write off only half of all capital losses in any one year, up to $3,000. As the Carter package now stands, capital losses could be deducted in...

Author: /time Magazine | Title: Business: Energy Pushes Back Tax Reform | 10/24/1977 | See Source »

By the time of World War II, Crosby and his perennial sidekick Bob Hope were barnstorming the country on golf exhibitions with professionals such as Byron Nelson and Harold McSpaden. "Lord" Byron, the leading money-winner of 1945, and "Childe" Harold were then known as "The Gold Dust Twins." Crosby...

Author: By Robert Sidorsky, | Title: From `King of Jazz' to King of Golf | 10/21/1977 | See Source »

Is free trade still possible? Economically, perhaps, but politically, in an industrial world still cursed by high unemployment and slow recovery from the 1973-75 recession, it is getting harder and harder to defend. The nine nations of the European Community, which, ironically, was founded precisely to free trade among...

Author: /time Magazine | Title: Business: Free Trade in Jeopardy | 10/17/1977 | See Source »

bonds of long standing,

Author: By Jonathan D. Ratner, | Title: Virgo Insight | 10/14/1977 | See Source »

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