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...Federal Power Commission itself has never interpreted the Gas Act to include producers; in fact, it has argued against it. But it was quick to obey the court. It froze gas rates at the wellhead as of June 1954, regardless of the provisions already written into existing long-term contracts with the pipelines. The overall effect has been to invalidate virtually every contract throughout the industry-long-term contracts (20 years or more) between producers and pipelines written at the behest of the FPC to bring about stability. To protect themselves against increased costs, producers wrote in "escalator" clauses permitting...

Author: /time Magazine | Title: NATURAL GAS PRICES: The Case Against Federal Controls | 3/7/1955 | See Source »

...impulse toward God. Young Haguenier, Herbert's son, is a moonstruck knight who has chosen to serve a frigid beauty and waits in vain for her to thaw. It is hard to believe that any man, saint or fool, would observe the for mal demands of chivalry and obey each of his lady's whims (such as entering a joust in which his only shield is a mirror that must not be damaged). But Haguenier fulfills all his "trials" until he is driven to drink and finally into a monastery...

Author: /time Magazine | Title: Books: Medieval Tapestry | 1/10/1955 | See Source »

Every Thursday afternoon, protocol permitting, a six-year-old American boy named Stephen Rutter will be excused from his private school on London's fashionable Eaton Square long enough to go to Buckingham Palace and obey, by approximation, an admonition of the late Mayor Big Bill Thompson of Chicago, to wit: "Punch King George in the snoot." The target will be George V's great grandson, Prince Charles, heir to the throne of Britain. Stephen, the son of a second secretary of the U.S. embassy, was picked last week to be a sparring partner for five-year...

Author: /time Magazine | Title: Foreign News: Fit for a Prince? | 10/18/1954 | See Source »

...punishments and few tests; he never allowed anyone to be flunked. Instead of principal, he called himself "general leader," and his school became known as a Children's Workshop Community. Discipline? The workers must impose that upon themselves. "I don't want them to learn to obey," said he. "I want them to think." The type of community he was aiming for: a pure "sociocracy," in which the whole society would be sovereign...

Author: /time Magazine | Title: Education: The Rebellious Quaker | 10/4/1954 | See Source »

...siren on the state police car, and his noblest ambition used to be to look like Tom Mix. The Good Families of Walnut Creek tolerate these goings-on as long as Jack remembers that there are two kinds of folks: those who make the laws and those who obey them. Then one hot dawn Jack finds the nymphomaniac daughter of a Good Family ice-picked to death. When Jack sets out to help track down the murderers, the yarn gets both confusing and gamy. What saves it is that Author Gwaltney has a foxy ear for cracker talk, a gift...

Author: /time Magazine | Title: Books: Mixed Fiction, Oct. 4, 1954 | 10/4/1954 | See Source »

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