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Initial Fears. Aside from the industrial and scientific benefits, the furnace has produced an entirely unexpected dividend. At first, Odeillo's villagers thought they might be blinded by the intense light from what they call le four solaire (the solar oven). Now they know that the light is concentrated at only one point and that there is no such danger. In fact, the villagers have become quite proud of the strange, shimmering edifice in their midst. And why not? The solar furnace is not only handsome in an other-worldly way; it is also a significant tourist attraction, bringing...

Author: /time Magazine | Title: Science: Sun Power in the Pyrenees | 5/18/1970 | See Source »

...Said an elderly lady who lives at Manhattan's Beacon Hotel: "I live on my stock dividend checks and I'm expecting some right now. If this goes on for much longer, I'll just have to start dipping into my savings...

Author: /time Magazine | Title: Nation: THE STRIKE THAT STUNNED THE COUNTRY | 3/30/1970 | See Source »

...Harvard joins the proxy hold-outs, it will not risk its financial security by decreasing its dividend returns. It will pave the way for all Ivy colleges, who together own over 600,000 shares of GM stock, to also join the hold-outs. A Harvard vote against the GM management could provide the impetus necessary to push GM into a more responsible attitude toward the public. It may, after the shock passes through Massachusetts Hall, even be good for GM. And, after all, what's good for General Motors is supposed to be good for the country...

Author: By Scorr W. Jacobs, | Title: The Endowment What's Good for GM | 3/17/1970 | See Source »

...Celtic exuberance often gets him into trouble. To be flamboyantly candid is not the safest form of political behavior. Last fall, when it became apparent that federal spending on domestic programs would not markedly increase after the Viet Nam War, he could not resist telling reporters that the peace dividend would be as "evanescent as the morning mists over San Clemente." White House economists had to reassure the nation that the potential dividend was not all that evanescent. He is also an inept administrator. Partly to make White House operations more orderly, partly to relieve Moynihan of bureaucratic routine, Nixon...

Author: /time Magazine | Title: Essay: A Whig in the White House: Daniel P. Moynihan | 3/16/1970 | See Source »

...Nixon Administration a budget surplus as a means of cooling off the economy, and throw the whole burden of combatting inflation onto a continued tight-money policy-to the distress of both home buyers and businessmen. In the longer run, a tax cut would absorb much of any "peace dividend" from lower spending on Viet Nam, thus dissipating funds that are needed to meet the pressing needs of the cities...

Author: /time Magazine | Title: Taxes: The Christmas Tree Bill | 12/12/1969 | See Source »

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