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...blame. Priming for the election, he set records in building schools, dams and highways. In the year preceding the election, the money supply was increased by an astonishing 23%. At one point, the government's indebtedness totaled $1.5 billion. Marcos is faced with paying the bills. Hoping to fend off devaluation of the peso and improve a costly payments imbalance, Marcos has imposed import taxes so stiff that the price of a legally imported $3,000 car has risen to $20,000. Government spending has been slashed, and old loans are desperately being renegotiated. Sizable short-term loans...

Author: /time Magazine | Title: The Philippines: Marcos Besieged | 2/16/1970 | See Source »

...convention that they will live happily ever after, but one does regret somewhat the amount of time that they have to be kept apart onstage. Anticipation is an overrated pleasure. However, the play does have the abiding relish of Restoration comedy in that while the characters warily watch and fend each other off, their minds and their words are concupiscently active between the sheets...

Author: /time Magazine | Title: Theater: Were Man but Wise | 2/2/1970 | See Source »

Unlike airlines, which promise to make the going great, and bus lines, which urge travelers to leave the driving to them, U.S. railroads have increasingly been able to fend off passengers with shrinking schedules and slovenly service. Now both the public and the Government are fighting back...

Author: /time Magazine | Title: Railroads: The Unloved Passenger | 1/5/1970 | See Source »

...Thieu government. The chance of success for the often repeated U.S. object in Viet Nam-to guarantee the South Vietnamese the right of self-determination, free from outside aggression-has vastly improved during the past year, because gradually an environment has been created in which the South Vietnamese can fend for themselves...

Author: /time Magazine | Title: Viet Nam: THE NEW, UNDERGROUND OPTIMISM | 12/12/1969 | See Source »

...Chrysler Corp., whose earnings plunged 51% last quarter, has deeply slashed its $300 million capital-spending plans for 1969. At New Stanton, Pa., construction of a $200 million assembly plant was halted even as the steel was going up. B. F. Goodrich, which is trying to fatten earnings and fend off a takeover attempt by Northwest Industries, plans to trim its 1969 spending. So does International Harvester, which has scrapped plans to expand its network of offices around the country...

Author: /time Magazine | Title: Business: THE PAINFUL PROCESS OF SLOWING DOWN | 8/1/1969 | See Source »

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