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...Work. The inflation, however, should diminish somewhat by midyear and the overall increase in the consumer price index, as a result, will be about 3.4%. Steadier prices plus high employment-but with younger unskilled workers a drug on the market-could put the consumer in a spending mood, depending on tax increases. Consumer spending on goods and services will increase during the year, with the greatest increase-7.5% to an average $218 billion-again in the service area. Housing expenditures should reach about $27 billion by the fourth quarter, or roughly the same as last year, but could go higher...

Author: /time Magazine | Title: The Economy: Continued Uneasy Prosperity | 1/12/1968 | See Source »

Fold & the General. The body of Hope's work is nothing less than an index to history, told in one-and two-liners. Back in the '40s, he reported that in their strategy talks, F.D.R. and Churchill wondered: "When and where will we attack the enemy and how will we keep Eleanor out of the crossfire?" F.D.R.'s Fala was "the only dog to be housebroken on the Chicago Tribune." In 1954, Hope had it "on good authority that Senator Joe McCarthy is going to disclose the names of 2,000,000 Communists. He just...

Author: /time Magazine | Title: Stars: The Comedian as Hero | 12/22/1967 | See Source »

...Another inflationary sign came last week, when the Federal Reserve Board announced that during November, the nation's industrial output took its sharpest monthly jump in three years-rising 2.6 points on the board's index, to 159% of the 1957-59 base period...

Author: /time Magazine | Title: Retailing: Opening the Closed Fist | 12/22/1967 | See Source »

...without a beating heart. So the presence of a heartbeat, along with breathing, has long been the basic criterion for distinguishing life from death. It still is, in the vast majority of cases, despite some special situations in which the brain's electrical activity is a more reliable index. (So far, no surgeon has seriously considered transplanting a brain, because, beyond the forbidding technical difficulties, this would be akin to transplanting a person. Similarly, transplantation of entire gonads-ovaries or testicles-might carry with it a change in hereditary material...

Author: /time Magazine | Title: Surgery: The Ultimate Operation | 12/15/1967 | See Source »

...rich nations to expedite the development of the poor ones, and was a behind-the-scenes force in federal civil rights and poverty planning. In short, he felt that American defense consisted of more than nuclear hardware, and American prosperity more than a high growth rate and stable price index. For this as much as Vietnam he might be remembered...

Author: By J. A. Herfort, | Title: Seven Years of McNamara | 11/30/1967 | See Source »

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