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Nixon has good reason to be hopeful that the Federal Reserve may soon begin to loosen its rein on the nation's money supply and credit. Presidential Counselor Arthur Burns, who was sworn in last week as Reserve Board chairman to succeed William McChesney Martin, has been the chief Administration advocate of stringent federal economies. Reason: he feels that monetary policy has been bearing too much of the burden in combatting inflation...

Author: /time Magazine | Title: Nation: Nixon's Budget: Thin Slices for New Goals | 2/9/1970 | See Source »

...meantime, he addressed himself assiduously to church work, rising daily at 4 a.m. for a period of contemplation before striding over to the church offices. A 13-month, 63,000-mile tour of mission territories in the late 1920s set the pattern of his global thinking; terms as Counselor to two successive Mormon presidents, Heber J. Grant and George Albert Smith, brought him more and more into top-level decisions. When Smith died in 1951, McKay became ninth president of the church and, according to Mormon theology, the only man on earth who can be "the living oracle...

Author: /time Magazine | Title: Religion: Prophet, Seer and Innovator | 2/2/1970 | See Source »

...including more than 200 teenagers. What sets Walter's death apart is the fact that he was only twelve years old- the youngest child on record to die from heroin in the city. John Schoonbeck of TIME'S New York bureau had worked with Walter as a counselor at Manhattan's Floyd Patterson House, a residential treatment center for emotionally disturbed children. Schoonbeck wrote this report...

Author: /time Magazine | Title: Drugs: Why Did Walter Die? | 12/26/1969 | See Source »

When Joe Kennedy moved from accumulation to preservation of capital, the safest bet seemed to be Manhattan real estate. To his delight, his shrewd broker, John J. Reynolds, the real estate counselor of the archdiocese of New York, made him vastly richer at minimum risk. Gradually, over the past seven or eight years, Ken Industries and the Park Agency, Inc., have disposed of the family's holdings in Manhattan. The golden touch that Kennedy enjoyed in his dealings is illustrated by the largest single transaction in this slow, quiet process of liquidation. In 1943 Kennedy bought the property...

Author: /time Magazine | Title: Nation: Where the Kennedy Money Is | 11/28/1969 | See Source »

Instead the counselor reviews five alternatives that undoubtedly she has pondered herself-marriage, offering the child for adoption, keeping the baby, abortion and suicide-and checks her moral reaction to each alternative. Admits Bielby: "By the time a woman has decided to call us, her mind is pretty well made up that an abortion is what she wants. What we do is try to make her aware of her feelings and moral convictions. This is a moral decision, not a medical...

Author: /time Magazine | Title: Religion: Clergy and Abortions | 11/28/1969 | See Source »

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