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...WIDER BAND. The mildest proposal put forward by advocates of flexibility is to scrap the International Monetary Fund requirement that nations must prevent the price of their currencies from varying more than 1% above or below their official dollar values. Germany and The Netherlands are already letting the mark and guilder float-that is, find their own values based on supply and demand. Robert Roosa, former U.S. Treasury Under Secretary, proposes that IMF members let their currencies fluctuate perhaps 2½% above or below official value. Thus, small changes in the values of currencies could be made by the free...

Author: /time Magazine | Title: MONEY: Changing the Rules | 6/21/1971 | See Source »

...room was fine the way it was. Dad is closer- my experience at the CRIMSON does contain a smattering of the real world. There are people who want to make sure that "negroes" do not answer their classified ad, and people who place ads that would appall even the mildest feminist. But if I wanted the real world would I have come to Cambridge? Maybe. To the CRIMSON? Never. On the other hand, it is true that I have learned something. I have learned that people will sell anything- used tennis balls, half a bicycle, themselves (handsome, charming Rhodes Scholar...

Author: By Deane Foltz, | Title: The Mail SECRET ARIAL DILEMMAS | 6/4/1971 | See Source »

ALMOST to the last, Richard Nixon's lieutenants brandished his formidable power to freeze wages and prices. Last week, however, the President chose the mildest action open to him to restrain the public-be-damned surge of wages and prices in the nation's largest industry. Declaring that an inflationary "emergency" exists in construction, Nixon suspended the 40-year-old Davis-Bacon Act, which requires that locally "prevailing wages" be paid on federally aided building...

Author: /time Magazine | Title: Business: Nixon's Half Swing at Construction Costs | 3/8/1971 | See Source »

...effect is ironic, because the 1970 recession was the nation's mildest in this century. But the reason is plain: the downturn's jolt to Americans' accustomed confidence was far greater than its blow to their pocketbooks. Almost two-thirds are now telling pollsters that the state of the economy is their biggest concern. Unemployment has been lower than during any previous recession; yet three out of four Americans expect rising unemployment and economic difficulties this year. "The notion that things will be better tomorrow has received quite a shock," says Economist George Katona...

Author: /time Magazine | Title: The Cooling Of America: The Uses of Economic Adversity | 2/22/1971 | See Source »

...save the country. But it was from the Dauphin, Louis, that leadership came to knit up the raveled threads of French life after St. Joan's battlefield miracle. Hung with epithets ("The universal spider," which referred to the scope and stickiness of his machinations, was one of the mildest), he eventually took his place in history as Louis XI, a giant and an ogre, a bloodstained, gloomy tyrant who forged a unitary state out of warring fragments...

Author: /time Magazine | Title: Books: And to Hell with Burgundy | 2/22/1971 | See Source »

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