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General Electric Chairman Fred Borch, for instance, contends forcefully that the U.S. is under a handicap in competing with nations that subsidize exports as a matter of government policy. He points out that between 1960 and 1970, U.S. domestic prices rose 32% and export prices 23%. In the same period, domestic prices in Japan and Italy soared 78% and 54% respectively, but the increase in export prices was held to only 8% for each country, thanks to government subsidies and other special help. As an example of such aid, Borch points to a Japanese law that allows companies to take...

Author: /time Magazine | Title: Time Essay: PERIL: THE NEW PROTECTIONISM | 12/6/1971 | See Source »

...free traders ought to recognize that the handicap argument has some validity. It does not justify protectionism, and indeed Borch does not plump for that. But the Administration could well give U.S. exporters more help by stimulating research and development and providing financial aid for companies entering the export field. White House Trade Chief Peter Peterson promises to design a legislative package including just such measures; it certainly deserves sympathetic consideration...

Author: /time Magazine | Title: Time Essay: PERIL: THE NEW PROTECTIONISM | 12/6/1971 | See Source »

...months of 1971 Gremlin's sales doubled, and the medium-sized Matador is a strong seller. To improve its sales, American must strengthen its dealerships. So far this year 262 dealers have dropped out, reducing American's network to 2,031 showrooms. American's biggest handicap is styling problems. Consumer Reports noted that, among the new subcompact cars, the Gremlin "has the tightest rear seat, rear wheel traction is poor, and [the car] is relatively clumsy to handle...

Author: /time Magazine | Title: CORPORATIONS: American Flits Ahead | 11/29/1971 | See Source »

...performed by one of those middle-European troupes Ed Sullivan used for cultural filler. Most sorely missed is the magisterial Zero Mostel in the role of Tevye, which he created on the stage. He has been replaced for unfathomable reasons by the Israeli star Topol, who labors under the handicap of having to project great amounts of charm and personality when he has none to spare. The credits for Fiddler list Norman Jewison as producer and director. On the basis of this and past efforts (The Thomas Crown Affair, Gaily Gaily), he might better be called an anaesthetist...

Author: /time Magazine | Title: Cinema: Last of the Dinosaurs | 11/22/1971 | See Source »

...auditory discrimination handicap is an inability to distinguish adequately between sounds. Harvard's reliance upon the audio-lingual method of teaching a language makes a student with this handicap unable to participate or to learn properly in these courses...

Author: By Daniel H. Maccoby, | Title: The Foreign Language Requirement | 11/19/1971 | See Source »

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