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Ledger-Demain. With an eye to foreign trade, Callaghan took care to affirm that the 15% import duties announced last month were only temporary, to be lifted when and if Britain's balance-of-payment problems are eased. All told, it was a fairly effective act of ledger-demain; the gas-tax increase was passed by a ten-vote margin, the income tax by 26. The budget's impact is decidedly deflationary, since it will take nearly $600 million in purchasing power out of the economy. Some experts believe that this is just what is needed right...

Author: /time Magazine | Title: Great Britain: Could Have Been Worse--But Is It Good Enough? | 11/20/1964 | See Source »

...government was reluctant to put import quotas on oil, as the coalmen wish, but tried to cool the crisis by giving the mines until Dec. 31, 1966 'beyond two crucial elections-to begin phasing out. Though miners are reluctant to leave their trade and their homes, they should have no trouble getting new work. In prosperous Germany, jobs are still going begging...

Author: /time Magazine | Title: West Germany: Burnt-Out Coal | 11/13/1964 | See Source »

Apparently any story, no matter how simple or stupid, can be made to hold an audience's attention. It isn't the import, it isn't the lines; it's seeing live people perform. For with the slenderest of ideas, a bit of showmanship, and the sense not to overdo, Schwartz kept more than 100 people in their seats for almost an hour and a half--and kept them from fidgeting...

Author: By Harrison Young, | Title: 'Ladder' & 'Tightrope Walkers' | 11/7/1964 | See Source »

Sidewalks are filled with bundle-laden shoppers, and store windows beckon with imported washers, steam irons, refrigerators and TV sets. Outside town, barefoot peasants pad along the dusty roads with $40 Sony transistor radios slung over their shoulders. "Prices are steep," admitted one merchant, "but that's what people are paying." New Experience. Prosperity is a new experience for Guatemala, which scraped along for years in the banana-republic image-without industry, unable to import what it wanted, or even pay for what it did buy. During the regime of cantankerous old Ydígoras, graft and inefficiency, those...

Author: /time Magazine | Title: Guatemala: Booming Toward Elections | 11/6/1964 | See Source »

...population 18% to nearly 2,000,000 by 1970. Emigration to Britain, formerly Jamaica's main outlet, has been cut off, which means more food, more jobs must be found. As matters stand, Jamaica cannot feed even its present population, has spent some $30 million to import food in the first six months this year...

Author: /time Magazine | Title: Jamaica: Race with Unrest | 10/30/1964 | See Source »

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