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Meanwhile, back in this country, Americans will bear an increasing brunt of this international redistribution of income. Right now, with the marked concentration of wealth that characterizes American society, some sectors of the population bear a much heavier burden than others. But it is likely that all groups will be continually exposed to the effects of the shrinking dollar. The recession that government and business leaders term temporary could very likely lengthen into a permanent decline in the American standard of living...

Author: By Michael Massing, | Title: Lush Cemeteries, Parched Villages | 12/10/1974 | See Source »

...genuinely drastic redistribution of wealth ever undertaken in an industrial Western democracy. Labour is proposing a tax of up to 5 per cent a year on aggregates of wealth, about twice the level of Norway (the next highest one in Europe). In actuality the tax will be far heavier than any in Europe, since most European countries limit taxes to a set proportion of income. The 100,000 richest men in Britain could expect to pay more than 100 per cent of their annual income in taxes...

Author: By Paul K. Rowe, | Title: A Glorious Revolution? | 10/9/1974 | See Source »

...element No. 94 (plutonium). The Berkeley scientists used a newly beefed-up particle accelerator called Super-HILAC (for heavy ion linear accelerator) to send nuclei of oxygen atoms barreling into another artificial element, californium. As occasional collisions occurred between the oxygen and californium nuclei, they fused and formed the heavier nucleus of element 106-but not for long. Like most artificial elements, No. 106 is extremely unstable. It has a half-life of only nine-tenths of a second-that is, half of its atoms will break apart into simpler atoms in that brief span of time. Thus the substance...

Author: /time Magazine | Title: Science: Elemental Debate | 9/23/1974 | See Source »

...small cars the company has ever made." That is an understatement, and it could apply as well to much of the rest of the industry. Before the year is out, all the automakers will be loosing a herd of new "small" cars, some of which will be longer and heavier than a Mercedes 280, with which Ford executives like to compare the Granada. Not especially economical, Ford's two entries this week average at best 14 miles per gal. in city driving...

Author: /time Magazine | Title: Business: The Battle of the Little Big Cars | 8/5/1974 | See Source »

DURING ONE of the heavier-handed scenes in Wedding in Blood, Stephane Audran, playing the wife of a boorish and corrupt French politician, appears in her town's library to donate a volume on ethics. The librarian, impressed by the tome's weightiness and its complicated-sounding title, accepts the book and remarks, "It must be very difficult." Audran's precocious little daughter, who understands the surface of things better than any adult character, closes this little lesson on ethics by chiming in with her typically mocking tone, "Oh yes, very difficult...

Author: By Geoffrey D. Garin, | Title: The Morality Play as Thriller | 7/9/1974 | See Source »

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