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...fact, the U.S. reaction reflects more than pain in the pocketbook. American executives are enraged by what they regard as Japan's refusal to observe the rules of the game of world trade. Many American businessmen contend, with some justification, that the Japanese dump not only TV sets but also steel, textiles, float glass and radio tuners. U.S. industrialists also complain bitterly (and enviously) about the special help their Japanese rivals get from the Tokyo government: official blessings for cartels formed to win big foreign orders, lavish and extensive government-financed studies of which overseas markets might be easiest...

Author: /time Magazine | Title: Business: Japan, Inc.: Winning the Most Important Battle | 5/10/1971 | See Source »

...losing its standing as the nation's corporate capital. Of the 500 largest industrial companies, as measured in last May's FORTUNE list, 125 have their headquarters in Manhattan. The growing exodus, however, hits troubled New York City where it hurts the most: in prestige and the pocketbook. Already skirting municipal bankruptcy, despite the highest per capita tax load in the U.S., the city cannot afford a commercial hemorrhage. Trade and finance are the city's lifeblood, the main creators of new jobs and a major source of taxes, nourishing its coffers as well as its culture...

Author: /time Magazine | Title: Business: Why Companies Are Fleeing the Cities | 4/26/1971 | See Source »

Around 3 p.m. I was standing in front of the Coop with a friend when a boy reached into my pocketbook (an open canvas bag) and took my wallet. I saw him putting it into his coat and grabbed his arm telling him that I had no money or credit cards and would he please return the wallet. He replied "I don't have your mother-fucking wallet, lady." I told him I had seen him take it, whereupon he handed me a piece of paper which had been inside my wallet and said "Is this what you want, lady...

Author: By Sue Parke, | Title: The Mail 'NOTHING VENTURED' | 3/17/1971 | See Source »

...Pocketbook Oriented. New anti-discrimination legal attacks have even reached fraternal organizations, such as the Loyal Order of Moose, the Fraternal Order of Eagles and the Benevolent and Protective Order of Elks, all of which admittedly retain whites-only admission policies.* The leading case involves Moose Lodge 107 in Harrisburg, Pa. A federal appeals court has ruled that, by granting the lodge a liquor license, the state has unlawfully supported discrimination. If the decision is upheld, other fraternal lodges and any racially exclusive country clubs that rely on bar profits could be in serious trouble...

Author: /time Magazine | Title: The Law: New Attacks on Discrimination | 2/22/1971 | See Source »

...even more pocketbook-oriented decision was recently issued by the Oregon Court of Appeals, which upheld a $200 award to a young black woman, Beverly Williams, for the "humiliation, frustration, anxiety and nervousness" she suffered when she was barred from renting an apartment. The landlord was ordered both to quit discriminating and to pay the $200 in damages. In a similar New Jersey case last year, a rejected black tenant was awarded $500 for humiliation. If such awards continue, landlords may conclude that desegregation is cheaper than discrimination...

Author: /time Magazine | Title: The Law: New Attacks on Discrimination | 2/22/1971 | See Source »

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