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Still, only a small proportion of the illegal capital outflow is being transported by Mercedes and motor scooter. Until new antismuggling laws were passed last April, lire in cash or checks could be transferred to some Swiss or Liechtenstein banks via clandestine exchange channels in Rome and Milan. Huge sums have also been sent abroad by the device of under-invoicing exports and over-invoicing imports; the excess amounts were then deposited in bank accounts abroad. But when it seemed that the Communists might make major gains in last June's elections, Switzerland was awash in a flood...

Author: /time Magazine | Title: ITALY: Lire on the Lam | 1/17/1977 | See Source »

...caption says that the U.S. had won the Vietnam war but "lost it during the Paris Peace Conference and with the help of gutless Congress." Most of the articles carry the reader along with violence or sensationalism. Features on weapons are geared to lure gun fanatics the way Motor Trend courts auto freaks. They go into exquisite detail. One review of a new pistol notes that "the front strap is serrated, a big help when the gun hand is wet sweaty or bloody." What? Me obsessed with destruction...

Author: By George K. Sweetnam, | Title: Grim Business at the Newsstand | 1/13/1977 | See Source »

About a year ago, Schumacher appeared on public T.V.'s "Nova", demonstrating intermediate technology's answer to the two ton tractor. Consisting of a blade attached to a motor driven winch, 50 yards of cable, and an anchor, the "intermediate plow" works as follows. One farmer walks ahead of the plow and plants the anchor. His partner then starts the plow's lawnmower engine and winches himself, plow and all, right up to the anchor. The first man runs ahead and sets the anchor again...

Author: By Adam W. Glass, | Title: Economics As If People Mattered | 1/10/1977 | See Source »

...recently returned from Germany, where I was a member of our renowned U.S. Army. I can honestly state that if Russia had decided to go with their blitz, we would have been extremely lucky to get out of the motor pool...

Author: /time Magazine | Title: Letters, Jan. 3, 1977 | 1/3/1977 | See Source »

Last week, for example, the Government reported that both personal income and industrial production rose more than a percentage point in November. In Seattle, Boeing announced that it would hire up to 4,500 workers because of an upturn in aircraft orders. In Detroit, Ford Motor Co., recovering from a month-long strike, said that it would raise capital spending to $2 billion next year, an increase...

Author: /time Magazine | Title: OUTLOOK/TIME BOARD OF ECONOMISTS: Carter's Turn to Pep Up Growth | 12/27/1976 | See Source »

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