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Committee Democrats squirmed at Slichter's blunt insistence that the main cause of present-day creeping inflation is labor-union pressure for wage increases. Republicans winced at his equally blunt plea for a $3 billion deficit in the fiscal year ahead to stimulate the economy and shrink unemployment. Trying to be helpful, Wisconsin's Democratic Congressman Henry S. Reuss said he was sure that Slichter did not really favor a deficit "as such." Retorted Slichter, touching off a burst of laughter: "I think...

Author: /time Magazine | Title: THE ECONOMY: Cow Kicker | 3/30/1959 | See Source »

...Once again the basic issue was whether there should be a Federation at all. Burly Federal Prime Minister Sir Roy Welensky, who in the face of increasingly insistent African demands has grown less and less keen about any actual partnership, plunged into the territorial campaign with a plea aimed directly at the whites. Only his party, he insisted, could get independence for the Federation and thus free the white settlers at last from the tiresome interference of the Colonial Office do-gooders in London. Sir Roy hoped to get a "magic 16" of the elected votes on a council where...

Author: /time Magazine | Title: CENTRAL AFRICA: Which Way to Go? | 3/30/1959 | See Source »

Before a House Government Operations subcommittee, salty, short-fused Vice Admiral Hyman G. Rickover exploded with a touching plea. Unless Congress mows down the growing underbrush of Pentagon committees, he warned, "we will wind up with all committees and no work done. Our people have no time to do their work, for fighting committees. We need some protection." Lest anyone misunderstand, Rickover noted an exception: congressional committees are just dandy...

Author: /time Magazine | Title: People, Mar. 30, 1959 | 3/30/1959 | See Source »

...sixth straight term as Michigan's Governor, Democrat G. Mennen Williams is awash up to his green bow tie in money troubles. Last week he sputtered that the Republican majority in the Michigan senate had "doomed the state to a financial disaster" by rejecting his plea for a $50 million bond issue to meet state payrolls and other pressing expenses...

Author: /time Magazine | Title: MICHIGAN: Financial Disaster | 3/23/1959 | See Source »

When the legislature convened a few weeks ago, the governor made a desperate plea for a constitutional amendment to permit increase of the debt limit from $250,000 to $50 or $100 million. Last week it was fairly clear that no such amendment would be put on the ballot, and that Michigan Republicans were perfectly happy to let Williams figure a way out of a mess for which they considered him responsible...

Author: By Stephen F. Jencks, | Title: Buy Now, Pay Never | 3/21/1959 | See Source »

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