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Bankers and businessmen quickly hailed the measures, which many thought long overdue. "Superb!" exclaimed Robert Abboud, chairman of First National Bank of Chicago. "It is stiff medicine but very much needed medicine, and I applaud the Administration for having the courage to apply it." Ford Motor Co. Vice Chairman and President Philip Caldwell said the dollar-saving moves should "slow inflation and re-establish growth on a healthier basis." Richard Kjeldsen, senior international economist for Security Pacific National Bank in Los Angeles, asserted, "The President's economic package is drastic, abrupt and volatile?it's just what the doctor ordered...

Author: /time Magazine | Title: To Rescue the Dollar | 11/13/1978 | See Source »

...show substantial Labor gains, they also indicate strong Tory support, particularly in shifting Midlands districts where British elections can be won and lost. And Callaghan has problems ahead in persuading intransigent workers to accept the wisdom of his incomes policy. Last week 57,000 assembly-line workers at Ford Motor Co. Ltd., in the seventh week of a strike for higher pay, rejected a company offer of a 16.5% increase. Meanwhile, workers in the public sector, from teachers to trash men, are also pushing for raises of up to 40%. If Callaghan hangs tough and a winter of strikes follows...

Author: /time Magazine | Title: BRITAIN: Sunny Jim and the Political Winds | 11/13/1978 | See Source »

...climactic struggle against the fascist warren of the evil General Woundwort. Along the way there are troubles with the dogs, cats and humans of a nearby farm, some semimystical encounters with the Black Rabbit (death), not to mention such mundane problems as snares and hrududus (rabbitese for motor vehicles...

Author: /time Magazine | Title: Cinema: Bunny Business | 11/13/1978 | See Source »

...movie An American Romance, the destitute hero walks into an iron mine, begins working and is soon hired on as a regular hand. But, as Anthony Opat, 19, has found, life unhappily does not imitate art in this situation, at least not at the Ford Motor Co.'s stamping plant in Woodhaven, Mich...

Author: /time Magazine | Title: Americana: Job Crashing | 10/9/1978 | See Source »

Most of Williams' characters are children of his imagination?an imagination nurtured during the requisite lonely childhood. The last child of a vice president of the Ford Motor Co., Robin was born in Chicago and grew up in the posh Detroit suburb of Bloomfield Hills. His two half brothers were already grown when he was born, and Robin spent hours alone in the family's immense house, tape-recording television routines of comics and sneaking up to the attic to practice his imitations. "My imagination was my friend, my companion," he recalls...

Author: /time Magazine | Title: Show Business: The Robin Williams Show | 10/2/1978 | See Source »

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