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Though the nation faces serious difficulties in foreign trade, President Johnson last week again deplored protectionist sentiment in the U.S. "The only real solutions are ones that improve our economy-not ones that erect new barriers that could provoke retaliation," he told Congress. To help strengthen the U.S. dollar, he also asked for continued controls on private investment abroad. Nixon is likely to keep those controls in force...

Author: /time Magazine | Title: The Economy: Strategies for Slowdown | 1/24/1969 | See Source »

Trouble is, that appetite has led many U.S. businessmen to demand protection in turn. Justifiably or not, Congress this year has been deluged with bills to put import quotas or similar nontariff barriers on steel, textiles, footwear and dozens of other products. The temptation to erect trade barriers is seductive. For somehow, the U.S. must end or at least substantially reduce its persistent balance of payments deficit; otherwise the dollar may face the same pressures as the franc and the devalued pound...

Author: /time Magazine | Title: Business: CRISIS EASED BUT NOT ENDED | 12/6/1968 | See Source »

...myriad bits and pieces. That money-saving process increases the employment of industrial workers but reduces the need for highly paid (up to $7.30 an hour) building craftsmen at the site. When Chicago's Mayor Richard Daley started flexing his political muscles, however, the unions agreed not only to erect factory-fabricated units, which had long been excluded from Chicago, but to hire neighborhood residents (most of them Negroes) as apprentices on such work...

Author: /time Magazine | Title: Housing: Low Costs Through Instant Building | 11/15/1968 | See Source »

...severe shortage of carpenters, plumbers, electricians and bricklayers has led to soaring wage rates in many cities. All kinds of external pressures, from big-lot zoning to archaic building codes (which are often kept restrictive by local labor and political pressures), are making it increasingly difficult to erect low-cost housing...

Author: /time Magazine | Title: Housing: Low Costs Through Instant Building | 11/15/1968 | See Source »

...aging Uncle Man'Antônio in Nothingness and the Human Condition gives away all that he has accumulated during an eventful, prosperous life. "He no longer questioned anything - horizon or eternity - peak or zenith. And so he lived, carrying the burden of years, erect, serene, and doing a doing-nothing with all his might, in acceptance of the emptiness, the ever-repeated inconsequence, of his life...

Author: /time Magazine | Title: Books: An Immortal's Parting Reverie | 10/4/1968 | See Source »

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