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...much of the confrontation in this community is still symbolic-repression still more verbal than actual, dissent still token and vague. It is perhaps significant that most of these dissenters have come to El Dorado-in a rather touching desire to help-from other communities. El Dorado has to import its rebels. But this does not mean that it fails to be troubled, indeed tortured, by the same fears as the rest of the country, for no fence can keep them...

Author: /time Magazine | Title: Essay: THOUGHTS ON A TROUBLED EL DORADO | 6/22/1970 | See Source »

This point, however obvious, is instrumental in establishing the commonalty of friendship. "Every relationship between two people starts going sour if one person is more successful than the other," says Psychologist Wright. "There has to be an import-export quality to friendship. One exports what the other needs and vice versa. When the balance of payments is disturbed, there is a falling...

Author: /time Magazine | Title: Behavior: The Price of Friendship | 6/8/1970 | See Source »

...FREE ECONOMY: The public interest would be well served if the Government proceeded to reduce tariffs, eliminate import quotas, reduce farm price supports, discourage restrictive work practices, reform the minimum wage, and enforce the antitrust laws more strictly...

Author: /time Magazine | Title: Business: Quotations from Chairman Burns | 6/1/1970 | See Source »

Much of the testimony will center on an issue that has become a touchstone of the new protectionism: whether or not the U.S. should impose quotas on imports of Japanese textiles. The question has become charged with emotion on both sides of the Pacific, and ranks with the tug of war over the return of Okinawa to Japan as the worst diplomatic impasse between the two countries in recent years. Last month Ways and Means Chairman Wilbur Mills, who is hardly known as a protectionist, introduced a bill designed to write import quotas into law. It would roll back imports...

Author: /time Magazine | Title: Business: Comeback for Protectionism | 5/11/1970 | See Source »

Today Japan maintains 108 import quotas, most of them illegal under the terms of the General Agreement on Tariffs and Trade-though Tokyo plans to abolish restrictions on 55 items by 1971. The government justifies its barriers on the grounds that some Western European nations have similar illegal restrictions against Japanese goods, although on a much smaller scale than Japan. Moreover, Japan has been excessively reluctant to accept foreign investment. Many of its industries are closed entirely to outside capital. A four-step program of liberalization, which began in 1967, opens some industries to foreign ownership. While the list includes...

Author: /time Magazine | Title: Business: Comeback for Protectionism | 5/11/1970 | See Source »

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