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Meanwhile Mills allowed his committee to consider an unprecedented scheme that would grant a tax increase but rescind it during any month in which spending exceeded a predetermined figure. Rebels on the Appropriations Committee acted to more purpose. Led by Ohio Republican Frank Bow, they forced a committee vote on a measure that would limit spending during the current fiscal year to $131.5 billion-$5 billion less than the President's administrative budget estimate -with nonmilitary programs bearing the burden of the cut. Appropriations Chairman George Mahon, a Johnson supporter and fellow Texan, managed to defeat the measure...

Author: /time Magazine | Title: The Economy: Revolt on the Hill | 10/6/1967 | See Source »

Telling the President. On the House floor, Bow introduced his proposal as an amendment to a routine financing resolution necessary to authorize normal spending by the majority of departments for which formal appropriations are still pending. House Speaker John McCormack quashed the amendment as irrelevant. The Republican riposte was to move that the financing resolution be sent back to committee. "We are going to tell the President," declared Minority Leader Gerald Ford, "to make reductions at the demand of Congress. This is what we should do as a legislative body." Majority Leader Carl Albert scurried about the floor trying...

Author: /time Magazine | Title: The Economy: Revolt on the Hill | 10/6/1967 | See Source »

...Prince Charles and Princess Margaret were the second choices at 4 to 1. Not even Queen Elizabeth II (a 14 to 1 choice), who was to christen the ship, knew the name until launching day. Then, told the secret at last, the Queen stepped onto the platform at the bow of Britain's new, 58,000-ton luxury liner and proclaimed: "I name this ship Queen Elizabeth II, and may God bless all who sail...

Author: /time Magazine | Title: People: Sep. 29, 1967 | 9/29/1967 | See Source »

...committee of seven trustees and seven professors had run through a list of 70 possible presidential candidates. But every time they met, explained Board Chairman Fairfax Cone, "all had the same candidate-Mr. Levi. He was our standard. No others matched that standard." A shy, unpretentious man who likes bow ties and fine cigars, Levi, 56, has employed a dry wit and a lawyer's tough logic in his pivotal task under Beadle: raiding other faculties of their top talent. An aristocratic intellectual who reads widely at jet-pace speed, Levi developed a rapport with academicians that neatly complemented...

Author: /time Magazine | Title: Universities: Happy Marriage in Chicago | 9/22/1967 | See Source »

...Bow thrusters, or auxiliary propellers, will make maneuvering easier in small harbors and help with docking. A computer will solve navigational problems and monitor machinery, even keep tabs on the passengers' bar bills. From a traveler's point of view, the new vessel will be equally modern. Except for a few special rooms at premium rates for status seekers, most of the 2,025 passengers will travel single-class. Their restaurants and lounges will all be topside, instead of in the bowels, and 75% of the cabin space will be on the sunlit outside of the ship...

Author: /time Magazine | Title: Britain: Long Live the Q | 9/22/1967 | See Source »

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