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...situation in Connecticut was special-but not the anger at politicians who seem to mislead the public. A milder form of that anger was directed here and there at the Administration for continuing to issue rosy proclamations about the economy. Republican James Scheurenbrand, a bank president in Evanston, Ill., plans to vote for Nixon again, but he recently objected that "glowing statements from Washington are at variance with what people are experiencing. There is too much hard sell. It's eroding the Administration's credibility. People are looking for real answers." Republican Senator William Roth of Delaware recently...

Author: /time Magazine | Title: The Nation: The Economic Blues | 8/16/1971 | See Source »

...improvement in real earnings. The stock market rose by over 30% during that period and then lost all its gain during the decline of 1969-70. Had earnings been as flat as they are now reported to have been, the stock market boom and bust would have been milder, and the economic boom would not have become so overheated...

Author: /time Magazine | Title: THE ECONOMY: The Great Profits Deflation | 8/2/1971 | See Source »

...barracks and intersperse their studies with marches and drills. A veteran of World War II service in the Japanese army, Nakauchi views business as combat: "We must inculcate in our managers a brute force for beating down all our rivals." But the round-faced, spectacled market magnate also has milder moods. While listening to the cash registers ring at a recent store opening, he forgot Mao long enough to echo unconsciously a far different cultural influence. "That," he said, "is the sweetest music this side of heaven...

Author: /time Magazine | Title: JAPAN: Mao in the Supermarket | 6/28/1971 | See Source »

...argument iterates, and there is no resolving it. For the half-beguiled, half-annoyed, unyoung straight reader, Richard Brautigan's gentle, shaggy little books have in them much of what is both very nice and too easy about the kid culture: its music, its mobility, its sex, the milder varieties of its pharmaceutical voyaging. Brautigan, at 36 an honorary kid, floats through his books on pure talent. If he does not seem to work very hard at his writing, well, they repealed the Protestant ethic after all and insouciance is one of his major attractions. His new book...

Author: /time Magazine | Title: Books: Cookie Baking in America | 4/5/1971 | See Source »

...real problem. He can take it out of the country, entirely legally, deposit it in a secret Swiss bank account, then arrange to have the bank return it as a foreign "loan"-and defy the IRS to say it is not. That is only one of the milder variants of a sophisticated array of illegal ploys that have been made increasingly easier in recent years by the proliferation of Swiss banks in the U.S. and U.S. banks in Switzerland and the Bahamas. U.S. officials most intimately concerned with the problem conservatively estimate that the misuse of secret bank accounts...

Author: /time Magazine | Title: Business: The Scandal of Secret Swiss Bank Accounts | 3/16/1970 | See Source »

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