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...economy is sinking like a stone, in its fastest rate of decline since the 1958 recession and it looks like this one will be at least as bad, if the administration continues its present anti-inflation campaign," Eckstein said last night...

Author: By David N. Carvalho, | Title: Eckstein Sees Deep Recession If Not Tax Cut, Spending Hike | 12/13/1974 | See Source »

...mortgage for it. The median price of new houses in the U.S. has jumped to some $35,500, and mortgage rates now hover near 10%. Construction workers, from carpenters to lumberjacks, find that jobs are becoming scarcer every day. The situation is acute in what was one of the fastest-growing counties in the nation during the late 1960s and early 1970s. In New York's exurban Suffolk County, 40% of construction workers...

Author: /time Magazine | Title: The Economy: Who Is Hurting and Who Is Not | 10/14/1974 | See Source »

...into the Loire estuary at St. Nazaire 14 years ago while French President Charles de Gaulle looked on, this ultimate luxury liner sailed the oceans as a glittering symbol of French elegance. A magnificent example of marine engineering, she was the longest (1,035 ft.) and one of the fastest (30 knots) passenger liners afloat. The service was superb (the ratio of passengers to crew was less than 2 to 1) and so was the food. The France's gourmet dining rooms, particularly the gold-walled Chambord, ranked among the best restaurants on land or sea, dispensing caviar, foie...

Author: /time Magazine | Title: THE HIGH SEAS: Adieu to the France | 9/30/1974 | See Source »

...fastest-selling rock albums in the U.S. nowadays is a three-LP set by a British group, Emerson, Lake & Palmer. It includes mod versions of Aaron Copland's Hoedown, a movement from Alberto Ginastera's First Piano Concerto and even Sir Charles Parry's great old Anglican choral song Jerusalem. Also rising on the charts is an LP by a Dutch group called Focus that sounds at times like a combo of English madrigalists. In Detroit this week, English Rock Star Rick Wakeman begins a month-long U.S. tour featuring some unusual sidemen: Classical Conductor David Measham...

Author: /time Magazine | Title: Music: Rock Goes to College | 9/23/1974 | See Source »

Rock is no longer a dirty word in Austin. Indeed, by embracing rock's big beat, Austin's musicians have evolved a brand-new style of country rock, and have made the city the fastest-growing country-music center in the U.S. Nashville, still the capital of country, may provide more regular work. Bakersfield, Calif., may offer the inspirational presences of Merle Haggard and Buck Owens. But from the point of view of new sounds, freedom and plain musical fun, Austin now definitely ranks as No. 1. Within the past two years, following the lead of such veterans...

Author: /time Magazine | Title: Music: Groover's Paradise | 9/9/1974 | See Source »

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