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Freed from worries about the pound and payments deficits, the government can now turn to correcting the long-term economic neglect that has made Britain the industrial world's basket case. Since November, the Labor Cabinet has been debating five main options for using the North Sea revenues: 1) accelerate repayment of the country's $24 billion in accumulated long-term foreign debts (an unlikely choice), 2) develop alternative sources of energy against the day when North Sea oil runs out, 3) expand public services in order to reduce unemployment, which last month declined only slightly from its autumn-long...

Author: /time Magazine | Title: Business: Time to Be Bullish on Britain? | 1/2/1978 | See Source »

Shoppers who neglect to pay for their merchandise are criminals for all seasons, and their numbers are increasing at an alarming rate. The FBI reports more than 600,000 shoplifting arrests across the nation last year, nearly three times as many as in 1970, and the U.S. Department of Commerce estimates merchants' losses from thefts in 1976 at some $8 billion. In the past eight weeks police in Hialeah, Fla., have arrested six members of a band of shoplifters called the Chilean Commandos, trained in Fagin-type schools in Valparaiso and Santiago. South American rings have been collecting booty...

Author: /time Magazine | Title: The Nation: Tis the Season To Be Wary | 12/12/1977 | See Source »

...risk of sounding trivial, I confess that I vaguely feel an infringement of my rights as an individual student. When enrolling at Harvard, I was not aware that I was signing up for a book or record club. If, in a rush, I neglect to waive my induction into the ranks of PIRG supporters, I am nevertheless penalized. I freely admit that such a scenario may border on the absurd; yet, I would like to raise the following point for discussion. The authors of the previously quoted article wrote that "...a failure to respond to the expressed preference...

Author: NO WRITER ATTRIBUTED | Title: The PIRG 'Check-off' | 12/6/1977 | See Source »

...result of the studied neglect of the science of culture, the world is full of moralists insisting that they have freely willed what they were unwittingly forced to want... To change social life for the better one must begin with the knowledge of why it usually changes for the worst. That is why I consider ignorance of the causal factors in cultural evolution and disregard of the odds against a desired outcome to be a form of moral duplicity...

Author: By Diana R. Laing, | Title: Anthropological Soma Cubes | 12/5/1977 | See Source »

...explanation for this neglect is largely economic. Although pharmaceutical houses have produced an astonishingly rich arsenal of drugs-sometimes with little prospect of making money-they have not found it feasible to develop medicines for many diseases that might be prevented or cured, particularly those that strike the impoverished...

Author: /time Magazine | Title: Medicine: A Lab for Orphans | 11/28/1977 | See Source »

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