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...some drawbacks. A study by Otto Eckstein's Data Resources Inc. notes that it would slow the economic recovery by slightly increasing prices. This would crimp sales and production and thus retard a return to full employment. The study estimates that with the VAT the jobless rate at the end of 1973 would be an estimated 5%, v. 4.8% without it. The VAT will meet determined opposition in Congress. Democrats and labor chiefs see it as another regressive levy that adds unfairly to the burden of the poor and the lower middle class. But whatever happens...

Author: /time Magazine | Title: THE BUDGET: The U.S. Is Running Out of Money | 1/10/1972 | See Source »

...Crimson's major problem at the moment is that it has only five players. "That puts a crimp in the old strategy," Beach admitted...

Author: NO WRITER ATTRIBUTED | Title: Crime B-Baller Squad Dwindles; Bodies Needed to Save Table Daily | 12/1/1971 | See Source »

...crimp the Communist prospects for 1972, the allies would have to stem the flow of men and supplies?especially supplies?in 1971. Shortly after the turn of the year, Nixon decided to take action. Just before Defense Secretary Melvin Laird left on his three-day trip to Saigon in early January, Nixon laid down his general objectives...

Author: /time Magazine | Title: The World: Indochina: A Cavalryman's Way Out | 2/15/1971 | See Source »

...vice versa, this response to irrelevant perceptions is of value. Each individual must at some point have the opportunity for that response. I feel, and I suppose this must be a personal decision, that the further narrowing of the area in which each individual responds even slightly will unduly crimp his growth...

Author: NO WRITER ATTRIBUTED | Title: Frogs | 1/6/1971 | See Source »

Trouble on Capitol Hill could seriously crimp the Administration's already narrow room for maneuver in Laos-a fact that Hanoi and the Pathet Lao seem to appreciate thoroughly. In an intriguing and unexpected diplomatic move, Prince Souphanouvong, the Pathet Lao leader, last week offered his half brother Prince Souvanna Phouma, head of the neutralist government, a peace proposal. It suggested talks about a standstill cease-fire and a conference of all Lao factions aimed at restoring a new coalition government in Vientiane. There was, of course, one precondition: a U.S. withdrawal from Laos. Premier Souvanna Phouma said that...

Author: /time Magazine | Title: Nation: Laos: Old War, New Dispute | 3/23/1970 | See Source »

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