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During the postwar years, the consumer's gleeful use of credit for cars, refrigerators and other such big items helped to fuel a prolonged U.S. boom. Now the things that people go into debt for are changing. Housing and car buying loom less important as credit areas; installment buying is expanding much more in such areas as college education and fly-now-pay-later travel plans. Meantime, the Government, whose debt the consumer shares through taxes, is stepping up spending for defense and space...

Author: /time Magazine | Title: The Economy: National Lubricant | 6/2/1961 | See Source »

Last year's rookie star Tom Davis holds down third, and behind him loom the reliable Jim Gilliam and the highly prized Charlie Smith. The same situation exists in the outfield where Wally Moon, Willie Davis, and Duke Snider will keep Ron Fairly, Don Demeter, and outstanding rookie Carl Warwick benched much of the time...

Author: By Frederick H. Gardner, | Title: Giants Given Edge In Close N.L. Race | 4/21/1961 | See Source »

...presiding over its two most populous nations, as they size each other up. President Kennedy, was plainly anxious to corral Latin American support for his New Frontier. Brazil's Janio Quadros, 44, was just as eager to map out his own new frontier-in which U.S. influence would loom less large. While declaring himself irrevocably pro-West, Quadros veered sharply away from the U.S. stand on Red China in the U.N., brushed aside all invitations to cooperate against Fidel Castro, and flirted with the Soviet bloc...

Author: /time Magazine | Title: Brazil: U.S. Bet on Quadros | 4/14/1961 | See Source »

...Senate, where smaller states have a bigger voice, is unlikely to accept a constitutional amendment to abolish the college. The House, where big-state Representatives loom large, is unlikely to accept the proportional or district system. An equally formidable barrier is that a leading exponent of conserving the electoral system is the man who benefited most from it this year. Said Jack Kennedy in 1956, as he led the Senate fight against a proposal to reform or abolish the electoral college: "[The proposal] would be a breach of the agreement made with the states when they came into the Union...

Author: /time Magazine | Title: National Affairs: REFORMING THE ELECTORAL COLLEGE | 11/28/1960 | See Source »

...that the new Parliament needed "some improvements" before it was installed later this month. Exactly what the improvements would be, Sukarno did not say. But the word was that he would distribute another 25 seats, so that the Communists, now commanding about 60 of 261 proposed seats, would not loom quite so large...

Author: /time Magazine | Title: INDONESIA: Home Is Where Trouble Is | 6/20/1960 | See Source »

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