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In any period of rapid inflation, well-organized workers and those with scarce skills can protect themselves better, but even they eventually fall behind rising costs, and their living standards decline. Like Oliver Twist, American workers are expected to begin asking, "Please, sir. I want some more." The minimum wage...

Author: /time Magazine | Title: Business: The Wages of Inflation | 11/12/1979 | See Source »

Cuba does not attempt to intervene in countries where only large infusions of aid could produce perceptible change, or relatively well-off countries where local governments are strong enough to resist Communist incursions. Haiti, with a per capita income of only $230 a year, is an example of the former...

Author: /time Magazine | Title: World: Troubled Waters | 10/22/1979 | See Source »

Dr. Warren E.C. Wacker, director of the University Health Services and Oliver Professor of Hygiene, lives up at South House. Sometimes, he says, the papers don't make it up there in time. "If they do," he adds, "I read them--including The Crimson." If they don't come, however...

Author: NO WRITER ATTRIBUTED | Title: Toilet Papers | 10/20/1979 | See Source »

It had been perfected by the time Oliver Wendell Holmes spoke of the Massachusetts statehouse as-get this-the "hub of the solar system." The same spirit lingers yet in Boston and was glimpsed this year when the city exploded with indignation at a proposal to move its Gilbert Stuart...

Author: /time Magazine | Title: Time Essay: Local Chauvinism: Long May It Rave | 8/20/1979 | See Source »

Since Chrysler, by its own reckoning, is now spending at a rate of about $100 million a month, guarantees for even $750 million in new debts (on which interest would have to be paid) will not go very far. Next year the company will have to repay or renegotiate $303...

Author: /time Magazine | Title: Business: Chrysler's Crisis Bailout | 8/20/1979 | See Source »

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