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...real postwar decline in economic growth. Inflation rates doubled in many Western European nations: to 16% in France and Belgium, 18% in Britain, 25% in Italy. To meet its trade deficit, Italy has borrowed more than $13 billion, incurring interest payments of nearly $1 billion a year. Prime Minister Harold Wilson says that the fivefold increase in oil prices aggravated Britain's worst economic crisis since the 1930s, and is severely testing the country's social and political fabric. Only West Germany, The Netherlands and Belgium ran trade surpluses...

Author: /time Magazine | Title: FAISAL AND OIL Driving Toward a New World Order | 1/6/1975 | See Source »

...suggested Mafia connections. Last week a Czech spy defector named Josip Frolik, who now lives in the U.S. under an assumed name, said that Stonehouse-who was widely known to be a rabid anti-Communist-was in fact a fellow secret agent. In the House of Commons, Prime Minister Harold Wilson angrily denied the charge...

Author: /time Magazine | Title: BRITAIN: The Missing M.P. | 12/30/1974 | See Source »

...CANDIDE. Harold Prince's agile production pays Voltaire the tribute of unblemished veracity, and Leonard Bernstein's score could well be his passport to musical comedy's Valhalla...

Author: /time Magazine | Title: The Theater: The Year's Best | 12/30/1974 | See Source »

SCAPINO. The incredibly nimble Jim Dale joins that select pantheon of comic agility, men like Bobby Clark, Bert Lahr, Harold Lloyd and Buster Keaton, who clowned in flawless body English...

Author: /time Magazine | Title: The Theater: The Year's Best | 12/30/1974 | See Source »

...main question on the agenda was what the French like to call le problème Britannique. Since Harold Wilson's Labor government was elected last February, the British have warned that they would not stay in the Market unless the terms of membership were revised to give them a better break on Community finances. (Britain claims that by 1980 it will pay 24% of the Market's budget, while it will have only 14% of the total EEC G.N.P...

Author: /time Magazine | Title: COMMON MARKET: Summit: Something for Everybody | 12/23/1974 | See Source »

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