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Trudeau's sudden turnaround is a clear admission that the milder medicine he championed during the 1974 election campaign has failed. Although the government has urged business and labor to hold down price and wage hikes voluntarily, inflation in 1975 has run at a discouraging compound annual rate of 12.7%, and government economists have predicted that it could reach 16% by year's end. Wage increases have averaged almost 19% yearly-twice the U.S. rate-even though more than 7% of the work force is unemployed. Moreover, Canada has been plagued by more work stoppages than any major...

Author: /time Magazine | Title: CANADA: Opting for Controls | 10/27/1975 | See Source »

Less Than 1?. President Ford worried that the boost will "worsen inflation throughout the world," and Treasury Secretary William Simon said that though U.S. economic recovery will not be stalled, the increase "illustrates that we are still captives of OPEC." Secretary of State Henry Kissinger, meanwhile, took a milder view. Said he: "It seems better than it could have been...

Author: /time Magazine | Title: OIL: OPEC'S Price Doves Win a Big One | 10/6/1975 | See Source »

...slowdown abroad, to be sure, has been milder than the U.S. recession. Yet as the U.S. economy shows ever more vigorous signs of reanimation, no similar trend is immediately visible in Europe. In the past few months, nearly every government has revised its 1975 growth forecasts downward. The main reason: West Germany's economy, which accounts for fully one-third of the European Community's gross national product, has failed to respond to the expansionary program of tax credits and deficit spending launched by the government last fall. Unemployment is holding at record postwar levels (4.4% in June...

Author: /time Magazine | Title: OUTLOOK: Weak World Recovery | 8/11/1975 | See Source »

...secret behind the unpermanent is a new kind of odorless setting solution that is much milder than the old stuff and produces a looser curl. Moreover, the choice of rollers is generally the sausage-sized ones instead of the familiar skinny kind used for the standard permanent. After the hair has been set, the stylist applies the lotion-sometimes uniformly, often just on some parts of the head, leaving the remainder of the hair straight for an unusual textured effect. Once this is done, the hair is partially dried under a heat lamp in a scant 20 minutes, then blown...

Author: /time Magazine | Title: Modern Living: New Curl in Town | 10/28/1974 | See Source »

...recently, some editors wonder whether the quality of public debate has improved much. A few are downright begrudging. "You give space to some of these jerks just because it establishes your credibility," says John G. Craig Jr., executive editor of the Wilmington papers. Cleveland's Vail is somewhat milder: "It's not right to allow everyone to say anything he wants. It becomes an imposition on our readers...

Author: /time Magazine | Title: The Press: Letting In the Public | 9/9/1974 | See Source »

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