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Even Dr. Pangloss would scarcely contend that this is the best of all possible worlds in the U.S. summer of '75. Though the economy shows some signs of recovery, 8.5 million Americans looking for jobs cannot find them, including nearly half the black teen-agers in the tinderbox ghettos. Inflation, though abating, continues to gnaw at the income of those who have work. Oil prices will go up; state and local governments seem in danger of going broke. From the Middle East to Korea, the world remains a hazardous place. And yet there is in the land a sense...

Author: /time Magazine | Title: AMERICAN NOTES: Thinking Small | 7/7/1975 | See Source »

...such sufferings that they deserve international support in the same way that the Jews deserved it after World War II. The pro-Arab spokesmen argue that Israel has been the consistent aggressor-back to biblical times, according to one fullpage newspaper ad-and is blocking peace efforts. Further, they contend, American policy has been distorted by the undue influence of Jewish organizations...

Author: /time Magazine | Title: OPINION: Pushing the Arab Cause in America | 6/23/1975 | See Source »

...exporting nations contend that they need a big price boost because Western inflation and the decline in the dollar have eaten away the purchasing power of the greenbacks that they receive by selling oil. In France, for example, the purchasing power of their dollars has dropped roughly 30% in the past nine months-about 10% because of French price increases, 20% because of a decline in the value of the dollar against the franc. This argument, of course, overlooks two screamingly obvious facts: a quintupling of oil prices since October 1973 has left the OPEC nations far ahead...

Author: /time Magazine | Title: ENERGY: Asleep in the Eye of the Storm | 6/23/1975 | See Source »

...year. But if the agency eventually does prompt more price ads, buyers may get a shock. One study found that pharmacies in the San Francisco area charged 28 different prices, ranging from $2.50 to $11.75, for 100 tablets of Raudixin, a drug that reduces high blood pressure. Druggists contend that the stores charging the higher prices provide extra services like free delivery and charge accounts. FTC officials retort persuasively that customers should know the charges in advance so that they can decide for themselves whether the service is worth the price...

Author: /time Magazine | Title: DRUGS: Toward Open Pricing | 6/16/1975 | See Source »

...Clerides is able to write provisions for a strong central government into the new Cypriot constitution, the Turks may have Archbishop Makarios to contend with. Makarios was overthrown as president of Cyprus in a coup d'etat shortly before the Turkish invasion last summer...

Author: By Anemona Hartocollis, | Title: A Splinter in NATO's Flank | 6/10/1975 | See Source »

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