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...children on the mainland for their school. O'Reilly's father-in-law found a family with six children willing to make the move. Trouble was, O'Reilly's father-in-law is head of the Portland welfare office, and the family he wanted to import was among his clients. In Maine, a lot of people still believe a man should always earn his own way. The islanders talked and debated and finally made a choice. The family of Carroll Wilcox, a former construction worker, was invited. "They are the right kind of welfare family...

Author: /time Magazine | Title: Education: Saving an Island School | 8/16/1971 | See Source »

...making them immediately applicable. As a last resort, we could lower the value of the dollar, perhaps by permitting it to float until it found its proper relationship to other currencies. That would reduce the prices of U.S. exports in the world market and drive up import prices." GARDNER ACKLEY, former chairman (1964-68) of the President's Council of Economic Advisers. "The Administration could easily put another $8 billion to $10 billion a year into the economy. What we need are liberalized unemployment insurance benefits, accelerated tax reductions effective now, instead of in 1972 or 1973, and vigorous...

Author: /time Magazine | Title: Business: Tips from Experts at the Top | 8/16/1971 | See Source »

...necessary part of any well-balanced economic policy designed to deal with inflation." JOHN P. LEWIS, former member of the CEA (1963-64). "I would like to see a wage-price review board. It would have more bite than the wage-price guideposts. In addition, we should eliminate import quotas on such things as Japanese steel. This will force American producers to hold the line against wage and price hikes...

Author: /time Magazine | Title: Business: Tips from Experts at the Top | 8/16/1971 | See Source »

Luxembourg is a paradise of permissiveness for bankers. Not only can they set up holding companies, but they can also underwrite and sell Eurobonds, manage their own mutual funds, be custodians of other mutual funds, export and import capital in unlimited amounts, and perform just about any other commercial, investment or savings-bank operation-all in strict secrecy. Said one American banker in Luxembourg: "We can do anything here...

Author: /time Magazine | Title: LUXEMBOURG: Strength Through Weakness | 8/9/1971 | See Source »

...demand for technical experts has created a shortage of high school science and math teachers. To education planners in the German state of Hamburg, the contrast was opportune. Rather than train more pedagogues by a slow, expensive expansion of their highly elite university system, the officials decided simply to import part of the U.S. surplus. The results were flabbergasting...

Author: /time Magazine | Title: Education: Transplanting Teachers | 8/9/1971 | See Source »

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