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Speed sells cars. So says the gospel, according to Ford and Chrysler. (General Motors takes a different road to the bank.) Last year Ford laid out $5,000 per car souping up its racing engines, only to lose the "stock car" championship to Chrysler, which installed custom-built, $12,000 "hemispherical-head" engines in its Plymouths. That was too heady for Bill France, owner of Florida's Daytona International Speedway and president of NASCAR, who has the funny idea that somebody besides a factory ought to be able to compete in the contest. He banned the "hemi-head"-which...

Author: /time Magazine | Title: Auto Racing: Back to the Stocks | 2/26/1965 | See Source »

...TOURISM. The biggest public impact will be caused by Johnson's proposal to cut the amount of duty-free goods that U.S. tourists may bring home from $100 at wholesale value to $50 at retail value. Whisky, rugs, custom-made suits and other goods, which can now be shipped home as part of a tourist's duty-free allotment, henceforth will be taxed regardless of whether the tourist has spent his allotment. Projected dollar savings: about $100 million a year...

Author: /time Magazine | Title: Money: Balancing Act | 2/19/1965 | See Source »

...Japan, the custom of supplying the newspaper reader with two editions a day, seven days a week-once before asa-gohan (breakfast) and again before yū-gohan-goes back nearly a century. Last week, whatever paper they read, Japan's subscribers were managing to get along without every other Sunday-evening edition...

Author: /time Magazine | Title: The Press: Running out of Boypower | 2/12/1965 | See Source »

...Humphreys, who were introduced by Gala Chairman Arthur Krim, president of United Artists and a tireless Democratic Party fund raiser. The two-hour variety spectacular featured Alfred Hitchcock, Woody Allen, Johnny Carson, Mike Nichols, Elaine May, Carol Burnett, Julie Andrews and Carol Channing. Harry Belafonte, wearing one of his custom-made undress shirts, knocked out a Michael Row the Boat Ashore, slipping in a few lines about Mississippi and Alabama. Barbra Streisand belted out Happy Days Are Here Again and People for the folks listening without loudspeakers in Baltimore. Dame Margot Fonteyn and fiery young Rudolf Nureyev stopped the show...

Author: /time Magazine | Title: The Inauguration: The Man Who Had the Best Time | 1/29/1965 | See Source »

...natives observe a rigid noonday ritual. The social elite-a breezy clique called the Palisades-Brentwood Singing and Drinking Association-hold court at cafeteria tables reserved by custom for them. Near by, like ladies in waiting, two plain girls snatch at conversational crumbs tossed by a pair of homecoming queens. At another table are the "social rejects"-girls on the fringes of the elite whose boy friends are now tired of them. "They are still allowed to go to parties," explains a guide, "but they aren't in on the really big decisions, like who the elite will back...

Author: /time Magazine | Title: Students: On the Fringe of a Golden Era | 1/29/1965 | See Source »

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