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...sounds like a ludicrous piece of political black humor. A Southern Democrat introduces an import-restricting bill designed to help a Republican President who wants to win votes in Dixie. Egged on by organized labor, Congressmen joyfully expand the bill into a measure that will force consumers to pay higher prices for clothes, shoes and many other goods. More than 4,000 professional economists sign a letter warning that the bill not only will be grossly inflationary but will also gravely hurt the nation's position in world trade. The U.S. Secretary of State says that the measure will...

Author: /time Magazine | Title: Business: Trade: The Black Comedy That Could Come True | 11/23/1970 | See Source »

...Reject!", knowing the opposite to be almost exclusively the case. Down in New Haven, one could assume, they had nothing better to do than buy blue and white scarves (the Official Yale Scarf, incidentally, is manufactured in Harvard Square), carve their initials into the tables down at Mory's, import girls for football weekends. Harvard was more worldly than that, initiating academic, political and social trends which Yale could only sniff at or copy (or both...

Author: By Michael E. Kinsley, | Title: Cabbages and Kingman The Greening of Yale | 11/21/1970 | See Source »

Bloodworth makes it equally clear that even without its foreign devils, Southeast Asia would be no Garden of Eden; its corruption is not an Occidental import brought in by missionaries and gunboats. The native pattern has found "browbeaten peasants" regularly caught between bandits and greedy oligarchies. Revolution, the "habit-forming" coup, has meant exchanging one tyrant for another. "Communism," says Bloodworth, is just "the devil the poor don't yet know...

Author: /time Magazine | Title: Books: Could Things Be Worse? | 11/9/1970 | See Source »

Coach Bruce Munro and captain Solomon Gomez discussed the lineup yesterday, and they have decided to reevaluate strategy before each game. "The import decision was that the substitutions will always be made for tactical reasons," Munro said...

Author: By Robert W. Gerlach, | Title: Crimson Booters Play Tufts This Afternoon | 10/28/1970 | See Source »

...addition to proclaiming some form of "incomes policy," as Federal Reserve Chairman Arthur Burns proposed months ago, President Nixon could have fought inflation by calling for reduced tariffs, farm supports and shipping subsidies, liberalized oil-import quotas, and the repeal of fair-trade laws. He might also have sold off more goods from strategic stockpiles. If such actions had been taken, the Government could have pursued more liberal money, tax and budget policies, which in turn would have moderated unemployment...

Author: /time Magazine | Title: Business: The Economy: Modest Hopes, Modest Gains | 10/26/1970 | See Source »

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