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Most of the economic trouble now facing the nation must rest with Mr. Burns. When presidential policies don't work, Mr. Burns has a habit of saying that he disagreed with them at the time. But there is no evidence to suggest that Mr. Burns disagreed with the decision to eliminate the wage-price guidelines, or that he disagreed with the policy of trying to control inflation by relying almost entirely on tight money and high interest rates...

Author: /time Magazine | Title: Letters: Jun. 22, 1970 | 6/22/1970 | See Source »

...time under the desert in the strongly fortified bunkers, emerging at night for patrols and showers when shelling slackens. Rookies invariably bring suntan lotion but go home white as cheese. They also find themselves wincing at auto backfires and occasionally even hurling themselves to the sidewalk out of habit. A week's respite each month allows time for soaking up sun and satisfying other appetites. "Down there you just don't think about sex," says a reserve captain who spent three months at the front. "It's probably the tension...

Author: /time Magazine | Title: World: Life on the Bar-Lev Line | 6/22/1970 | See Source »

...manage Europe's money are increasingly annoyed with the U.S. They are upset by America's old habit of spending, lending and investing more abroad than it takes in from foreign sources-and its new habit of not worrying much about the deficit. Last year the U.S. balance of payments deficit rose to $7 billion, or twice as much as the deficit that stirred deep public concern in 1967; first-quarter figures indicate that this year's deficit will be still higher...

Author: /time Magazine | Title: Money: Anger at Dollar Imperialists | 6/22/1970 | See Source »

...founders of modern Italy established a strong central government 100 years ago to unify a collection of hopelessly disparate cities, petty principalities, provinces and kingdoms. Mussolini centralized further to solidify Fascist power, and since World War II, the government has been unable to break the habit of taking everything upon itself. As a result, its power is so centralized that Rome rules on everything down to road repairs and hunting licenses, delegating authority through weak provincial governments and even providing funds for local government...

Author: /time Magazine | Title: Italy: Manning the Lifeboats | 6/15/1970 | See Source »

...this society as a way of escaping such labor. In the aftermath of the enlargement of the war this spring and of the murders at Kent State and Jackson State, it was no doubt necessary that regular university operations be modified or suspended. But this must not become a habit. I have a further thought. Few things, surely, could trouble Mr. Nixon less than the knowledge that Harvard (or universities in general) were inoperative...

Author: NO WRITER ATTRIBUTED | Title: The Mail GALBRAITH RETURNS | 6/11/1970 | See Source »

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