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...Liberals got into trouble because of Trudeau's reputation for arrogance, and also because voters are confused by a series of policy flip-flops and fudges stretching back over a year. After campaigning hard against wage and price controls as a cure for Canada's double-digit inflation, Trudeau abruptly introduced them last October, alienating labor. Shortly afterward, the Prime Minister unsettled the business community by announcing that the "free-market system" in Canada was dead. What he meant was that new solutions, possibly government-imposed, would have to be found for the persistent problem of stagflation. Many...

Author: /time Magazine | Title: CANADA: Trudeau's Face-Lifting | 9/27/1976 | See Source »

...Fresno motel room and told him to fix his eyes on a spot on the wall and breathe deeply. Twenty minutes later Ray was under hypnosis. Dr. Kroger then led him through a playback of the kidnaping. The ploy worked. The driver was able to recall all but one digit of the license plate on the kidnapers' white van. The information helped authorities track down three suspects who go on trial later this month...

Author: /time Magazine | Title: The Law: The Svengali Squad | 9/13/1976 | See Source »

...downturn in world trade and the quadrupling of oil prices in 1973. Nevertheless, while an 8.5 per cent rate of inflation and a 6.5 per cent rate of unemployment earned Schmidt sharp criticism from the right and the left, these figures were downright enviable compared to the double-digit inflation and widespread unemployment of other Western nations, including the United States. Replacing the disgraced Willy Brandt, Schmidt immediately clamped down on inflation: his monetary policies were so strict that the German construction industry almost went out of business for lack of credit. Schmidt's vigorous economic measures paid off: inflation...

Author: By Dennis Kloske, | Title: Will Germans Always be Germans? | 8/17/1976 | See Source »

...skyrocketing cost of iron ore, copper, fibers, foodstuffs and other non-oil commodities contributed more than anything else to the devastating double-digit inflation of 1973-74. Commodity prices plummeted during the recent world recession, but now they are bouncing up again more rapidly than had been generally anticipated. Emile van Lennep, secretary-general of the Paris-based Organization for Economic Cooperation and Development, warns in cautious economist's jargon that "the surprisingly early recovery of some commodity prices could presage a new outbreak of speculative price rises and pose a serious threat to the sustainability of the present...

Author: /time Magazine | Title: Business: A Run-Up in Raw Materials | 7/19/1976 | See Source »

...business revival has just celebrated its first birthday. It was in May 1975, after more than a year of falling production and rising joblessness-accompanied for much of the time by double-digit inflation-that the economy turned upward. In the year since then, the economy has come a long way back, but in some important respects it is still below its pre-recession peaks. Industrial production, for example, is about 12% above its recession low of April 1975, but 3.4% below the high of November 1973. The number of people who have jobs actually reached a record...

Author: /time Magazine | Title: THE RECOVERY: A Bit Slower, but Still on the Track | 7/5/1976 | See Source »

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