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...Unconscious, the betting favorite at post time, was unbeaten this year until an Eastern upstart named Jim French defeated him in the Santa Anita Derby. Impetuosity startled even his trainer when he won the Blue Grass Stakes at Keeneland two weeks ago. Among the several dark horses was an import from South America named Canonero II, the only horse on the track that had previously raced the 1¼mile Derby distance. But his prospects were dim, according to one tip sheet: "Canonero II. Unknown factor from Venezuela who just got out of quarantine. No horse from abroad has ever...

Author: /time Magazine | Title: Sport: A Gunner Makes History | 5/10/1971 | See Source »

Fearful and resentful, European nations have built a daunting array of barriers against Japanese goods; Italy alone has 46 import quotas directed specifically against them. Asian leaders also complain. Antonio Villegas, mayor of Manila, recently inveighed against the "insidious Nipponization of the Philippines"?then excused himself to greet a visiting delegation of Japanese advertising men. Says K.S. Yossundara, an official of the Bank of Thailand: "The average Thai wakes up to the call of a Japanese alarm clock and probably brushes his teeth with Japanese dental cream. His car or motorcycle is Japanese, and so are his shirt...

Author: /time Magazine | Title: Business: Japan, Inc.: Winning the Most Important Battle | 5/10/1971 | See Source »

...Chinese report that negotiations were often prefaced with days of ideological interrogation and political lectures. Recent Japanese visitors say that the political instruction is down to as little as half an hour. "They used to take us out to dinner," recalls Ralph G. Keefer, president of a Montreal import-export firm. "Now they take us to the Peking Revolutionary Opera. It's nearly always loaded with political overtones." According to Keefer, who has visited the mainland a dozen times, "everyone is nice and polite. They do tend to be political from time to time. Until...

Author: /time Magazine | Title: CHINA: The Little Red Order Book | 4/26/1971 | See Source »

...Coop policy, " according to Sanford Litwin, General Merchandise Manager, " is very simple. We refuse to be undersold. " As a result, the Coop this week has cut its retail prices on all records, with the exceptions of George Harrison's " All Things Mast Pass, " " Jesus Christ Superstar, " and import albums...

Author: By Martin H. Kaplan, | Title: Price War at Coop | 4/24/1971 | See Source »

Higher Prices Ahead. For some time, letting in more oil from Canada and elsewhere should limit increases in energy costs. Nixon's import-quota task force estimated that the present controls cost consumers $5 billion a year that could be saved by buying more low-priced foreign petroleum...

Author: /time Magazine | Title: Business: Getting More Power to the People | 4/19/1971 | See Source »

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