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...proposals initially drew prickly opposition. At Dutch instigation, four small countries called a separate caucus to sulk over what they regarded as West German and French highhandedness. British Prime Minister James Callaghan, who is reluctant to inhibit the pound in any case, argued that the scheme could be construed by Washington as a move against the dollar. Schmidt proved to be one step ahead of his critics. In a series of telephone calls to Carter, he apparently succeeded in getting Washington's blessing for the monetary idea. Said a ranking German finance ministry official...

Author: /time Magazine | Title: THE EUROPEAN COMMUNITY: Toward a Tag-Team Match in Bonn | 7/17/1978 | See Source »

...President and Congress had to be fought at all. Carter, like his modern predecessors, resents congressional interference in U.S. foreign policy, particularly the post-Viet Nam laws that limit U.S. intervention abroad or the shipment of military aid to friendly governments resisting Communist insurgency. These restrictions in turn inhibit the U.S. in negotiations; by not being able to threaten the use of force, the U.S. loses its edge at the bargaining table...

Author: /time Magazine | Title: Nation: F-15 Fight: Who Won What | 5/29/1978 | See Source »

Scientists do not know how an overdose of L-dopa kills the cancerous cells, but Wick suggested in the Science article that the chemical may inhibit the copying process of DNA, the code of life necessary for new cells to form and grow. Wick believes that an excessive amount of L-dopa may inactivate the key chemical needed for putting together copies...

Author: By Daniel Gil, | Title: Cancer Study Nears Possible Breakthrough | 3/6/1978 | See Source »

Carter does intend to propose taxing all capital gains at full ordinary-income rates (at present, only half the profit on sales of assets such as stock and real estate is usually taxed). Businessmen complain that that would inhibit the very investment the President says he is so anxious to promote. Says James L. Moody Jr., president of Hannaford Bros. Co., a Maine food distributor: "The chief incentive to invest in business is to make money. Such proposals will slow down businessmen's investments in the U.S. at a time when countries like the Soviet Union and Japan...

Author: /time Magazine | Title: Business: Carter: a Problem of Confidence | 10/31/1977 | See Source »

...fast-breaking color photographs. These, we thought, required a simpler, cleaner-looking environment. Managing Editor Henry Grunwald finds the new design "neat and orderly. It should encourage discipline and emphasize organization, which is at the heart of the newsmagazine principle. But this sense of order will not inhibit us. Quite the contrary, it will make the occasional splash, the bold visual gesture easier...

Author: /time Magazine | Title: A Letter From The Publisher, Aug. 15, 1977 | 8/15/1977 | See Source »

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