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...some financiers propose federal credit controls. Since there is not enough credit to go around, they argue, the Government should make sure that what is available goes to borrowers who really need it???home builders, say, or small businessmen?rather than to those with the greatest economic clout. Credit controls have strong support in some parts of official Washington, though not in the White House. Congress last December gave the President stand-by authority to allow the Federal Reserve to regulate the terms, amount and interest rates of all forms of credit. Wright Patman, chairman of the House Banking...

Author: /time Magazine | Title: Business: The Economy: Crisis of Confidence | 6/1/1970 | See Source »

...community, and demonstrates the deterioration of discipline that has become a major challenge to U.S. society in recent years. In spite of state and local laws forbidding such actions, strikes by public employees have spread like an epidemic throughout the nation. The Government's effectiveness?or lack of it???in halting the postal walkout could thus determine whether other federal employees decide that the way to a pay raise is through the picket lines...

Author: /time Magazine | Title: Nation: THE STRIKE THAT STUNNED THE COUNTRY | 3/30/1970 | See Source »

Heroin itself is a nightmare almost beyond description. By any of the names its users call it???scag, smack, the big H, horse, dope, junk, stuff?it is infamous as the hardest of drugs, the notorious nepenthe of the most hopeless narcotics addicts, the toughest of monkeys for anyone to get off his back. On heroin, the user usually progresses from snorting (inhaling the bitter powder like some deadly snuff) to skin popping (injecting the liquefied drug just beneath the skin) to mainlining (sticking the stuff directly into the bloodstream...

Author: /time Magazine | Title: Nation: Kids and Heroin: The Adolescent Epidemic | 3/16/1970 | See Source »

Given so much longing for simplicity, they are choosy about movie offers. "The newest script we got," Robbie snorts, "was called Jesus Christs." Robbie is compiling songs for a new album. Until they make it???probably in the spring?they will do more concerts, calling their shots and places at suitable intervals, rather than launching the kind of all-out tour seen in the Rolling Stones' recent invasion...

Author: /time Magazine | Title: Music: Down to Old Dixie and Back | 1/12/1970 | See Source »

...soldier try to stop the slaying? One saw what was happening, then shot himself in the foot so he could get out of it???and he was the only U.S. casualty of the day's action. At one point, a private stopped firing his M60 machine gun into a group of 20 people, refused to resume on Calley's orders?so Calley took the gun over and blasted away. Bernhardt said he had refused to take part, but feels guilty because "I just stood back and let it happen." One helicopter pilot, Warrant Officer Hugh Clowers Thompson...

Author: /time Magazine | Title: Nation: MY LAI: AN AMERICAN TRAGEDY | 12/5/1969 | See Source »

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