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Wavering public trust in Government was jolted again last week by a pair of scandals, one involving top Pentagon brass, the other Henry Kearns, former (1969-73) chairman of the Export-Import Bank. The common element was the charge of crossing the fine line that is supposed to separate business dealings from Government deliberations...

Author: /time Magazine | Title: SCANDALS: Crossing the Line? | 10/13/1975 | See Source »

These bills came on top of no fewer than 150 others under consideration by Conyers' House Judiciary Subcommittee on Crime. They range from a weak measure offered by President Ford that would prohibit the import and manufacture of cheap ($25) "Saturday night specials" to a proposal to outlaw the sale, ownership or possession of all handguns by private citizens. This and many other measures would be largely unenforceable. But the appalling fact is that despite the recent near tragedies and the countless tragedies that lie ahead for victims of gun wounds, not one of these 150 bills has much...

Author: /time Magazine | Title: GUNS: NO CHANCE FOR QUICK RELIEF | 10/6/1975 | See Source »

...increase, which took effect Oct. 1, follows a nine-month price freeze imposed by the cartel last December. World prices had been pegged to the $10.46 that Saudi Arabia charged for a 42-gal. barrel loaded at the Persian Gulf port of Ras Tanura. In the U.S., which imports about a third of its oil, the increase when averaged in with prices of domestic oil will add less than 10 per gal. to the price of gasoline, heating oil and other products. Most other nations import a greater percentage of their crude and will feel the increase more, especially those...

Author: /time Magazine | Title: OIL: OPEC'S Price Doves Win a Big One | 10/6/1975 | See Source »

...domestic production, and make the U.S. less dependent on foreign crude. To accomplish these goals, the Administration favors a gradual increase in prices to be achieved by phased decontrol. The Democratic majority in Congress, stressing the inflationary dangers of letting oil prices rise, prefers to put greater emphasis on import quotas and allocation programs...

Author: /time Magazine | Title: OIL: OPEC'S Price Doves Win a Big One | 10/6/1975 | See Source »

...twin figures of Love and Evil, gyrating in painted ecstacy on Wizard's backboard, could not preside over a scene of more nearly apocalyptic import. It will never again be possible to construct a pinball machine with the relatively simple patterns we are familiar with--one bumper, regardless of sequence, predictably changing the value of another. In Wizard, only after the Thumper Bumper target is hit, or the Center Target target, are the appropriate flags flipped and roll-overs activated. And only then can the roll-overs activate their respective functions. The relationships of the many elements of the pinball...

Author: By James Gleick, | Title: An Elegant Abstraction | 9/30/1975 | See Source »

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