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Lobsterback. Apparently a euphemism for redcoat. Yes, you guessed it, another Bicentennial play, but with a new twist--this one was written by British dramatist James Forsyth, and appropriately enough concerns the difficulties faced by a young British soldier and the Milton family that befriends him. Like Ryan's Yorktown Tune, this play was especially commissioned by Tufts University in honor of the Bicentennial, and it promises to be as good as the previous production, if not better. At the Jufts Arena Theater in Medford at 8:15 tonight and tomorrow, July 22-26 and July 29-August 2. Tickets...

Author: By Natalie Wexler, | Title: THE STAGE | 7/18/1975 | See Source »

...previous cover subjects, Karl Marx and John Maynard Keynes, as news sources." Gerry also interviewed dozens of living experts, including the members of TIME'S Board of Economists. Meanwhile, correspondents in the U.S. and Europe reported the views of both friends and foes of the system, ranging from Milton Friedman to Herbert Marcuse. Ironically, the enemies of capitalism seem to have more faith in its adaptability than some of its proponents. One forceful advocate of the system, Senior Editor Marshall Loeb, who edited the story, considers flexibility one of capitalism's greatest strengths: "It's a difficult...

Author: /time Magazine | Title: A Letter From The Publisher, Jul. 14, 1975 | 7/14/1975 | See Source »

...will be needed by the underclass of citizens who cannot find a secure place in the market economy: reservation Indians and welfare mothers, among others. For them, society should provide some form of guaranteed income, an idea endorsed in the past by such conservatives as Richard Nixon and Milton Friedman. Conservatives note that it is better to give special help to problem groups than to pump up the whole economy and propel inflation...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

British Historian Arnold Toynbee has glumly predicted that the commodity-producing nations will launch a kind of economic siege warfare against the Western capitalistic world, which will react by putting its own economies "in irons"?that is, dictatorially regulating all production, consumption and investment. U.S. Economist Milton Friedman, a disciple of Adam Smith, darkly suspects that capitalist freedom will turn out to be "an accident" in the long sweep of history, and that humanity will sink back into its "natural state" of "tyranny and misery...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

...scourge of Glitter Gulch has rarely been that reticent. Born in Brooklyn 65 years ago, Herman Milton Greenspun hit Las Vegas after a World War II Army hitch and bought an ailing Vegas newspaper. He quickly won national prominence-and circulation-with slashing attacks on Senators Joseph McCarthy and Patrick McCarran, whose Red baiting offended him. McCarran died in 1954 in Hawthorne, Nev., just after giving a speech in which he exclaimed: "Greenspunism must be defeated!" Since then, the whip of Greenspunism has been laid mostly on local figures, including Howard Hughes, who left for the Bahamas in 1970. Greenspun...

Author: /time Magazine | Title: The Press: Scourge of Glitter Gulch | 6/9/1975 | See Source »

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