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Only then did she recognize Edward ("Ted") Heath, 53, leader of the Conservative Party and aspirant Prime Minister. Last week's Edinburgh encounter was symptomatic of the plight of Ted Heath and his embattled Tories, who have been out of office for nearly six years. As Britain this week prepares to go to the polls in the eighth general election since 1945, Heath stands scant chance of moving into 10 Downing Street. Instead, British bookies were giving odds as high as 10-to-1 that Laborite Harold Wilson would become the first Prime Minister in the last 100 years...

Author: /time Magazine | Title: World: Britain: The Odds on Labor | 6/22/1970 | See Source »

...company was so desperately strapped for cash that Penn Central directors abruptly dismissed the men they blamed for that plight: Chairman and Chief Executive Stuart T. Saunders, Vice Chairman Alfred Perlman and Finance Committee Chairman David Bevan. Next day, fearful that the collapse of so large a corporation might bring down other companies in the shaky economy, the Nixon Administration took unusual action in order to rescue the ailing railroad from the brink of bankruptcy. Under seldom-used powers of the Defense Production Act, the Defense Department agreed to guarantee up to $200 million in short-term bank loans...

Author: /time Magazine | Title: Business: Uncle, Can You Spare Some Millions? | 6/22/1970 | See Source »

...make any progress and remain mired in poverty and malaise. But he argues that the city is not to blame. These unfortunates constitute what he calls the lower class, and they remain fairly impervious to any sort of assistance. Departing radically from conventional analysis, Banfield maintains that their plight lies, essentially, neither in discrimination nor lack of income, but in their class outlook: they are rigidly present-minded and they do not want to postpone immediate pleasure in order to secure some future gain. In this respect, they are no different from lowerclass whites, who show the same behavior patterns...

Author: /time Magazine | Title: Environment: Rethinking Cities | 6/1/1970 | See Source »

...Since it costs less to operate and can be aimed at a specific audience, cable TV could, for a charge of a few dollars a home, commission its own plays or ballets for an audience of only 250,000. CATV might thus be able to remedy the desperate economic plight of the performing arts...

Author: /time Magazine | Title: Television: To Wire a Nation | 6/1/1970 | See Source »

Some people argue that lumping the repression of the Panthers together with repression by the University is a grotesque parody of human values. On one level, that is true. The plight of the middle class activist whom Harvard wants to purge pales in comparison to the very possible judicial murder of Bobby Seale, to the murder of Fred Hampton in his bed, to the generalized national campaign to put the most dynamic Panthers out of circulation. But the difference is quantitative. Bobby Seale and his brothers and sisters are on trial for galvanizing parts of the angry black community (ostensibly...

Author: By Jeffrey S. Golden, | Title: The Strike Fighting Harvard | 5/22/1970 | See Source »

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