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...fund Socialism" was the term Swedish Economist Erik Lundberg employed to describe the process. In Britain, the Labor Party's left wing continues to demand the nationalization of shipbuilding, aircraft production and banking-in disregard of the fact that most of Britain's already nationalized industries are chronic money losers whose inefficiencies are a major cause of the country's dismal economic plight. In West Germany, the unions still support the profit motive but are demanding a more decisive voice in how earnings are allocated between workers and shareholders...

Author: /time Magazine | Title: Time Essay: Profits: How Much Is Too Little? | 8/16/1976 | See Source »

...Chronic Nuisance. Purolator had not been exactly thorough in checking his credentials. In 1964, at the age of 18, Raymond was convicted of armed robbery. Paroled early, he was arrested again and returned to prison to finish his sentence. He appealed to Labor M.P. Tom Driberg (now Lord Driberg), who had a long record of espousing libertarian causes. Driberg interested himself in Raymond, his constituent, at one point even writing a letter to the Times arguing that Raymond should be released to marry and attend university, thus preventing him "from being a chronic nuisance to the public and a permanent...

Author: /time Magazine | Title: BRITAIN: The Great Plane Robbery | 7/12/1976 | See Source »

...schooling ended at the age of eight, when his father died, and he had to go to work as an apprentice in a pottery run by an older brother. He became an expert thrower on the wheel, but an attack of small pox led to an infection and chronic weakness in his right knee. (Constantly bothered by the condition, Wedgwood finally decided a few years ago to have his leg amputated...

Author: /time Magazine | Title: Prince of Pottery, Josiah Wedgwood | 7/4/1976 | See Source »

...called for a "merciless fight" against profiteers and warned that "readers should not be under the false impression that the problem has been solved." The Kremlin's economic planners need no convincing: Georgia, where much of the people's effort is devoted to nonofficial pursuits, is a chronic laggard among Soviet republics in the official rankings of labor productivity...

Author: /time Magazine | Title: SOVIET UNION: Those Georgia Rebels | 5/24/1976 | See Source »

...action-which includes brutal multiple murders and an anticlimactic missile crisis-has less energy than the rancorous opinions that stream from the mouths of the characters. Many of these views are clearly Agnew's own, and a disproportionate number demonstrate that the former Vice President bears a chronic grudge against the press. Although The Canfield Decision is not a roman à clef, a nosy columnist named "Andy Jackerson" gets a going over. A Russian, for example, sees America in decline because "the country is under attack by professional critics with an unlimited supply of ink and microphones." Such...

Author: /time Magazine | Title: Books: Cold War Horse | 5/24/1976 | See Source »

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