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...brilliant lawyer who later became a U.S. Senator, was telling Southern yeomen that they were "the sworn foes of monopoly of power, of place, of wealth, of progress." In this, however, was the classic American doctrine of opportunity-not anticapitalism, but the insistence that, as Watson said, "the poorest, the weakest, the humblest" have a fair chance...

Author: /time Magazine | Title: DEMOCRATS: How Populist Is Carter? | 8/2/1976 | See Source »

Mother Teresa of Calcutta, LL.D. For dedicating herself to an austere life of sanctified service among the "poorest of the poor...

Author: /time Magazine | Title: Education: Kudos: Round 1 | 5/31/1976 | See Source »

...Group had urged, among other things, acceptance by consuming countries of a plan to link or "index" prices of raw materials to increases in the cost of industrial products-an arrangement that might only fan worldwide inflation. The Group had also wanted a general debt rescheduling for the poorest countries; largely because of rising oil prices, their international borrowing has soared in the past few years, burdening them with heavy debt payments. Kissinger argued that the new bank would help take care of the commodities problem. Debt rescheduling, he said, should be handled on a case-by-case basis...

Author: /time Magazine | Title: DIPLOMACY: Toward a Third World Bank | 5/17/1976 | See Source »

...private banks. By the Morgan Guaranty Trust Co.'s estimate, they will have to borrow more than an additional $40 billion this year. Interest and principal payments are swallowing most of the aid that the poor countries get. The Group of 77 will demand that the very poorest countries be granted a moratorium on their debts; that the IMF and similar institutions increase their lending without requiring borrowers to practice various economies at home; that debt-service burdens be eased by stretching out repayment schedules; and that the developed countries double direct aid and low-interest loans...

Author: /time Magazine | Title: TRADE: Square-Off in Nairobi | 5/10/1976 | See Source »

...Almost every supporter of rent control insists that vacancy decontrol is "virtual decontrol." While landlords and realtors assert that vacancy decontrol doesn't hurt the long-term tenant--the "real" residents, as they like to put it--rent control supporters point to the fact that historically it is the poorest workers who move the most within their own city. So the people who can least afford to lose rent control are the ones who lose it first. As a result, CTOC claims, rents on apartments in certain neighborhoods--middle- and lower-income districts and some industrial areas--tend to rise...

Author: By Henry Griggs, | Title: With the state's law dying in committee, weaker local controls may well be on the way | 3/24/1976 | See Source »

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