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...House, a three-story gabled and turreted white brick Victorian mansion of 33 rooms on Embassy row, 21/2 miles northwest of the White House. But the 82-year-old Admiral's House has proved to be something of a rusty boat since Congress captured it by Executive fiat from the Navy, which had used it since 1928 to quarter the families of the chiefs of naval operations. The last resident, Admiral Elmo Zumwalt, declared the house "a fire hazard," worried over the faulty electrical wiring, and complained that the roof and walls leaked. To make the place more livable...

Author: /time Magazine | Title: THE VICE PRESIDENT: A Place to Call Home | 9/15/1975 | See Source »

...will be hard because recession hit Turin heavily. Today unemployment is up 25% from a year ago and is still rising as further cutbacks loom. Transportation will be especially difficult. The mayor wants to give streetcars and buses priority over automobiles, a heretical idea in the Detroit of Italy-Fiat is by far the city's dominant employer. Even Novelli admits that "in Turin, the automobile is like a pagan...

Author: /time Magazine | Title: ITALY: Red Rule in Fiat City | 7/28/1975 | See Source »

Since early 1973, the world's major currencies have been "floating"-that is, how many U.S. dollars or Japanese yen a German mark, say, can buy has been determined by the forces of supply and demand in foreign exchange markets and not, as in the past, by government fiat. The system seemed to work well for a while. Now, however, a growing number of Europeans are concluding that floating rates have been a failure. The harshest critic has been France, which last week ceased to allow the franc to float freely against all other money. Instead, it will rejoin...

Author: /time Magazine | Title: MONEY: Floating Furor | 7/21/1975 | See Source »

...infession" and "inflump." Breaking that inflation-recession cycle is rapidly becoming the major problem, not only of capitalism, but of democracy. Inflationary recession is more likely than anything else to make voters turn to an authoritarian fascist or socialist system that would fix price, production and employment levels by fiat, and permit no argument...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

...ALVAREZ'S problems is that when he has something to say, all he can do is say it. When he wants a character to feel intruded upon, he manages it by narrative fiat: "he felt intruded upon." When Julie feels uncertain about herself, she looks in the mirror...

Author: By James Gleick, | Title: Well, he thought, well, well, well' | 7/11/1975 | See Source »

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