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...Bundesbank Vice President Otmar Emminger. Of the world's major economies, said the OECD, all but Britain and Italy will enjoy real growth in the second half, a trend that will accelerate sharply in 1976 (see chart). To make sure it happens, Schmidt and Giscard agreed a fortnight ago on a joint $5.5 billion pump-priming effort ($2 billion to be spent in Germany, $3.5 billion in France). Japanese Finance Minister Masayoshi Ohira has also promised further steps to stimulate demand. Yet as welcome as that news may be, it will mean little to the 15 million jobless...

Author: /time Magazine | Title: OUTLOOK: Weak World Recovery | 8/11/1975 | See Source »

...other countries, a government would automatically have called out its army to put down the kind of civil unrest that beset Lebanon in the past fortnight. But Lebanon's 16,000-man armed forces, like the nation itself, are a special case. Since the high command is predominantly Christian, much of the Moslem population would have resented the army's presence-and the soldiers might have split along religious lines. So the government prudently allowed the troops to remain in barracks...

Author: /time Magazine | Title: LEBANON: First Aid from a 'Rescue' Team | 7/14/1975 | See Source »

...serves besides as Wilder's mouthpiece; and, in fact. Wilder himself played the part for a fortnight on Broadway and occasionally there after in summer stock. In a way. Our Town is almost as much an illustrated lecture as a play...

Author: By Caldwell Titcomb, | Title: Wilder's 'Our Town' an Exalting Experience | 7/8/1975 | See Source »

...that reverberate in the teen-age psyche. What sets Elton apart is the fact that his appeal knows no demographic limits. Said British Rock Promoter Mel Bush, watching a sellout crowd of 75,000 file out of London's Wembley Stadium after John's appearance there a fortnight ago: "Elton's appeal is across the board. We had heads, hippies, film stars, lords and ladies here today." Says the star of the huge audiences he regularly attracts: "I can see four or five rows when I'm onstage, and the cross section of people is staggering...

Author: /time Magazine | Title: Elton John Rock's Captain Fantastic | 7/7/1975 | See Source »

When he returned to Britain recently after a fortnight's absence in Washington and Jamaica, Prime Minister Harold Wilson had little cause for cheer. As last week began, the pound fell to its lowest level ever against the currencies of all Britain's major trading partners, down a disastrous 24.9% from the Smithsonian Agreement level of 1971. Any sharper decline would give the nation's already soaring inflation rate of 30% an explosive new thrust. Labor Cabinet members were warring openly over economic policy and the Common Market referendum, and a rash of strikes had slashed output...

Author: /time Magazine | Title: BRITAIN: Worrisome Waltz of the Wet Hens | 5/26/1975 | See Source »

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