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...billion a year added to the price of imported merchandise. Much more inflationary, Bergsten finds, are the quotas that the U.S. imposes on a lengthening list of products: oil, steel, meat, sugar, textiles. Such quotas now apply to products that make up 15% to 20% of the consumer price index. They hurt consumers by forcing them to buy more expensive U.S. goods and encouraging American manufacturers to raise prices more than they would dare if they were faced with unrestricted foreign competition...

Author: /time Magazine | Title: TRADE: The Cost of Quotas | 3/27/1972 | See Source »

...even take humanity as some kind of moral index. who say that to be human is to be good and our problems all arise from not being human enough. I think I take a rather darker view. We must of necessity lose our humanity all the time...

Author: By Michael Sragow, | Title: Updike Redux | 3/22/1972 | See Source »

...compensations. It's a brutal life. I lived on a farm, but am really not myself a rural creature. I really love New York City...at any rate I'm not sure that rural life or a big commune is an answer...The earth and agriculture are an index of something we need and are rapidly losing, the human animal is geared to interlock with all kinds of raw natural environments. The coming civilization--that doesn't mean just here, but worldwide--must accomodate people, it's a commonplace, I guess, ecology...

Author: By Michael Sragow, | Title: Updike Redux | 3/22/1972 | See Source »

Wooing Vote. The Consumer Price Index in January climbed by a seasonally adjusted .3%, a middling rise. But meat prices, a matter of prime concern to consumers, jumped 1.5%. Retail food prices for 1972 are expected to increase 4%. Wooing the farm vote, Agriculture Secretary Earl Butz recently told audiences of farmers: "We are trying to get farm prices up-and you haven't seen anything...

Author: /time Magazine | Title: SALES: Return to Caution | 3/6/1972 | See Source »

...compensations. It's a brutal life. I lived on a farm, but am really not myself a rural creature. I really love New York City...at any rate I'm not sure that rural life or a big commune is an answer...The earth and agriculture are an index of something we need and are rapidly losing, the human animal is geared to interlock with all kinds of raw natural environments. The coming civilization--that doesn't mean just here, but worldwide--must accommodate people, it's a commonplace, I guess, ecology...

Author: By Michael Sragow, | Title: Updike Redux | 2/2/1972 | See Source »

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