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Carter gives the labor leaders little satisfaction. He says the U.S. is attempting to get foreign nations, especially Japan, to invest in the U.S. and thus help create jobs. It would be counterproductive to do that on the one hand and move aggressively to limit Japanese imports on the other. His firmly put conclusion: "Your members are also American citizens; what concerns the rest of the country also concerns them. And one of the things that concerns the rest of the country is inflation. When you put tremendous restraints on imports, it has an enormous effect on inflation...

Author: /time Magazine | Title: THE WHITE HOUSE: With Jimmy from Dawn to Midnight | 4/18/1977 | See Source »

...Carter does do something more than listen. It is only moments later that he is back in the Cabinet Room, this time meeting with a group of Japanese businessmen escorted by Georgia Governor George Busbee (Carter's successor), who is trying to encourage Japanese investment in his state. Says Carter to the group: "I told Premier Fukuda when I saw him recently that I would like Japan to share its great wealth. We would like to have you invest here. It's hard for me to avoid greater import restrictions when there is such an imbalance of trade...

Author: /time Magazine | Title: THE WHITE HOUSE: With Jimmy from Dawn to Midnight | 4/18/1977 | See Source »

...assigned top real estate and financial people to staff it. Next he discussed the project with his competitor, Richard C. Gerstenberg, then chairman of General Motors, over lunch at the GM building; by dessert, Gerstenberg had pledged his active support. Four months later, GM announced that it would invest $6 million and form a subsidiary of its own. (Gerstenberg eventually put up another $6 million.) With Ford Motor as the managing partner, legions of other megacorporations pitched into Ren Cen as limited partners: Allied Chemical, Amoco, Burroughs, Goodyear, Gulf & Western, Kresge...

Author: /time Magazine | Title: BUILDING: Motown Meets the Renaissance | 4/18/1977 | See Source »

...version of the Marxist analysis of commodity fetishes and the mass production of goods. Instead of penetrating capitalism as a system of production and power, Sennett bows once more to appearances. To his mind, the drab, undistinguished-looking mass-produced clothing made in the new factories freed people to invest the clothes with personality. By breaking down the conventions of dress that defined the public image in 18th century London, industrialism let loose the private in the public realm. The emptiness of this seemingly sophisticated explanation evokes the images of the emperor in his new clothes...

Author: By Diane Sherlock, | Title: The Emperor's New Clothes | 4/18/1977 | See Source »

...market. Rule 1 in energy conservation is that while people may for a while obey presidential exhortations to set thermostats at 65°, they will not cut back on energy use in the long run unless waste is made prohibitively expensive. Rule 2 is that energy companies will not invest the huge sums needed in costly domestic exploration for oil and gas unless they are assured of a profitable return. The best way to follow both rules would be to enact a relatively speedy dismantling of federal price controls and the awesome masses of red tape that have grown...

Author: /time Magazine | Title: POLICY: SUPERBRAIN'S SUPERPROBLEM | 4/4/1977 | See Source »

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