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...Government rent controls. Another reason for curtailing starts: builders anticipated last week's cut, from 6% to 51%, in the banks' prime interest rate, and are waiting to see if other interest rates also decline. As a result of last month's slowdown, unused permits now exceed starts, a rare circumstance that may well lead to a strong building surge late this year...

Author: /time Magazine | Title: Business: The Big Buildup in Housing | 11/1/1971 | See Source »

...alienates working class whites who have very real problems of their own. The white majority sees programs established to send blacks to college while their own kids attend the same rotting urban school systems--but go straight into the factories. That the promises of such programs for blacks greatly exceed the results is not well publicized. The white majority sees itself as being alternately ignored and sneered at by those in power...

Author: By Dan Swanson, | Title: Down Under and Forgotten | 9/29/1971 | See Source »

...Economists, suggested limiting wage hikes to 5% and price increases to 2% following the freeze. The Cost of Living Council ruled that prices that fluctuate seasonally, like those of tourist hotel rooms and of automobiles during year-end sales, may change during the freeze-but price hikes may not exceed the seasonal increases during the same period...

Author: /time Magazine | Title: The Nation: Scorecard on the Freeze | 9/13/1971 | See Source »

...Cadillacs, and you create jobs for chauffeurs." Senator Muskie was more guarded, but he made approximately the same point. Said Muskie: "I don't believe that the best way or the fairest way to stimulate the economy is a series of large tax breaks for industry which far exceed their ability to expand, and which will depend on benefits trickling down to the consumer." Oklahoma's Senator Fred Harris described Nixon's program as "an economic fan dance which attempts to hide the pro-business bias of his proposals...

Author: /time Magazine | Title: The Economy: Nixon's Grand Design for Recovery | 8/30/1971 | See Source »

...Halpern, just back from Viet Nam, puts that figure as high as 60,000, most of them on heroin. There are an estimated 250,000 addicts in the U.S. Some authorities believe that if 75% of them supported their habit by committing crimes the cost to the country would exceed $8 billion yearly. With the return of the addicted veterans, the cost of heroin in dollars, in violence and more subtly in broken lives and suffering, becomes even harder to reckon. Just last week in Detroit, seven addicts were massacred in a gangland-style war for control of the city...

Author: /time Magazine | Title: The Nation: The New Public Enemy No. 1 | 6/28/1971 | See Source »

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