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...fortunes. The payments balance had swung from a horrendous deficit in 1968 to a handsome surplus in 1969. The basic surplus in 1969 was $929 million, the highest ever recorded. Furthermore, in the year's last nine months there was a favorable balance on "visible trade"-the import and export of goods. Britain has earned visible surpluses in only two years since 1822, relying traditionally on "invisibles"-earnings on overseas investments, services and tourism-to cover its trade gap. Clearly, the country has taken a major step toward solvency: in the past 15 months, Britain's short...

Author: /time Magazine | Title: Britain: No Longer the Sick Man | 4/27/1970 | See Source »

Midis already account for close to 5% of the dresses currently in stock in most U.S. stores, and French and Italian copies (most of them long-line Valentinos) filtering in this month are pushing minis even farther back on the racks. Last week Ohrbach's ushered in an import collection of 50 styles, each and every one the long length. For Seventh Avenue, the midi could be the answer to every merchant's prayers-a way out of the current buying slump. If midis catch on, they could bolster business by more than 30% this year...

Author: /time Magazine | Title: Modern Living: Line of Most Resistance | 3/23/1970 | See Source »

...stay with you a long time. Herbert's characters are fascinating, because they shimmer with the incomprehensibility of every human being, elevated to a higher level: St. Alia of the Knife, the Reverend Mother Gaius Helen Mohiam, Scytale the Face Dancer-each moves in the story with almost mythic import...

Author: By Garrett Epps, | Title: Sei-Fi Dune Messiah | 3/11/1970 | See Source »

...cracks Mrs. Shriver. The film grinds to a finale in which the hero stabs the nude girl. "We're turning the whole picture down," says Mrs. Avara. "They insult us by submitting stuff like this." Among the films banned last year was I Am Curious (Yellow), the Swedish import found by federal district courts to possess sufficient "redeeming social value" to qualify for constitutional protection...

Author: /time Magazine | Title: Morals: Defense Against Dirt | 3/9/1970 | See Source »

Both Northern Ireland and the Republic to the South have massiveunemployment. As long as the profits continue to leave the country and the English government maintains import quotas on Irish goods, the Irish economy cannot develop...

Author: By Richard E. Hyland, | Title: Slouching Towards Bethlehem | 3/9/1970 | See Source »

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