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...could by themselves foil Nixon's desire to lower the inflation rate to 3% by year's end. The bearer of those bad tidings was C. Jackson Grayson, chairman of the Price Commission, who, in a memo, urged the Administration seriously to consider putting meat on the hoof under price regulation. His concern, though not his conclusion, was echoed by Herbert Stein, chairman of the President's Council of Economic Advisers. Says Stein: "The most immediate cloud over prices is named food, or more precisely meat...

Author: /time Magazine | Title: PHASE II: Trouble on the Hoof | 7/3/1972 | See Source »

...National Zoo director who escorted the shaggy oxen to Peking. Mindful of the possible international repercussions, Reed explains that the runny noses and such were partly a temporary reaction to "hearing Chinese spoken instead of English, seeing new faces, new uniforms, new surroundings and eating Chinese hay and grain. Hoof stock don't travel as well as, say, pandas." Sure enough, late last week word came from Peking that Milton and Matilda had recovered. Reed attributes the cure to his recommended treatment of antibiotics and "tender loving care." Or was it perhaps acupuncture...

Author: /time Magazine | Title: The Nation: Culture Shock | 6/19/1972 | See Source »

...Army officer who celebrated the recent ordination in Louisville is a fourth-degree Satanist priest, a memmber of the Council of Nine and editor of La Vey's "confidential" newsletter, the Cloven Hoof. He is also the author of a widely used ROTC textbook. Other La Vey Satanists include a Marine Corps N.C.O. from North Carolina and, in New Jersey's Lilith Grotto, a real estate broker and an insurance executive. Beyond such devotees, La Vey's sinister balderdash reaches hundreds of thousands more through the black gospel of The Satanic Bible and his second book, The Compleat Witch...

Author: /time Magazine | Title: The Occult: A Substitute Faith | 6/19/1972 | See Source »

...rate in May held at a high 5.9% for the third straight month. More surprisingly, the wholesale price index shot up last month at an annual rate of some 6%, threatening uncomfortable retail rises later on. Wholesale food prices rose sharply after dropping for two months; beef on the hoof hit an alltime high. Industrial commodity prices, which are at the heart of the Phase II control program, showed no sign of dropping. Herbert Stein, President Nixon's chief economic adviser, concluded that no changes are yet necessary in the controls, but he also added: "We need them rigorously...

Author: /time Magazine | Title: PRICES: Still on the Rise | 6/12/1972 | See Source »

...Please! Tell the whole story about beef prices [April 10]. American-raised beef is one of the housewives' biggest bargains. If we turned all prices back 20 years, do you know what we ranchers would then receive for our beef on the hoof? Exactly what we do now. Do you really believe that we can pay our taxes, hire labor, buy machinery, fencing supplies, repairs or anything else for the same prices we paid 20 years ago? How do we stay in business? We borrow a little more, we have our eleven-year-old son work full time...

Author: /time Magazine | Title: Letters, May 1, 1972 | 5/1/1972 | See Source »

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