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...year-to-year rise in the cost of living to 12.1%, the steepest climb since 1947. Over the year, inflation has cut real incomes of wage earners by 5.6%. The price push, said White House Press Secretary Ron Nessen, was ample justification for the President's determination to dig in against anything like a "180-degree turn" in policy...

Author: /time Magazine | Title: POLICY: Scouting Strategies at Home and Abroad | 12/30/1974 | See Source »

...billion. Writing in Foreign Affairs, Exxon Economist Gerald A. Pollack predicts that by 1980 OPEC'S total annual investable surplus could reach almost $500 billion. This is more than ten times as much profit as all U.S. manufacturers earned last year or, broadly expressed another way, enough to dig 5,000 Suez Canals at the original 1869 construction cost...

Author: /time Magazine | Title: Time Essay: The U.S. Should Soak Up That Shower of Gold | 12/16/1974 | See Source »

Administration economists worry that the national economic debate is being put into terms that are too simplistic: "Are you fighting inflation harder than recession?" In their opinion, healthy growth cannot be resumed until the U.S. can dig out the inflationary expectations that have seeped into almost every cranny of the economy...

Author: /time Magazine | Title: THE RECESSION: Gloomy Holidays--and Worse Ahead | 12/9/1974 | See Source »

...conditions for only a pittance. Lewis was the Paul Bunyan of unionism, standing up to companies, courts and even Presidents with fiery bombast. When Franklin Roosevelt threatened to bring out the U.S. Army to break a U.M.W. strike in 1943, Lewis replied with classic defiance: "They can't dig coal with bayonets...

Author: /time Magazine | Title: LABOR: The New Militancy: A Cry for More | 11/25/1974 | See Source »

...only member to talk tough to the President was Brooklyn's Elizabeth Holtzman, a first-term liberal Democrat, who delivered a speechlet about the need to dig further into the whole affair, which had raised "very dark suspicions ... in the public's mind." Among a series of questions, she wondered if Ford would be willing to turn over to the subcommittee all the taped recordings of conversations between himself and Nixon. Ford did not answer directly, although exactly what bearing such tapes would have on the issue of the pardon was unclear. Nixon pulled the plug...

Author: /time Magazine | Title: THE WHITE HOUSE: The Pardon: Questions Persist | 10/28/1974 | See Source »

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