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Even more difficult to predict with any assurance is the net effect on economic activity of the huge changes in oil prices and taxes being proposed by Ford to help solve the energy problem. The increase in energy taxes could amount to $28 billion and over an 18-month period could raise the consumer price index by as much as five percentage points over what it otherwise would have been. If the general inflation rate does not abate, that could prove an exceedingly high?and probably politically intolerable?price to pay to achieve a negotiable measure of independence from imported...

Author: /time Magazine | Title: THE ADMINISTRATION: The Economy: Trying to Turn It Around | 1/20/1975 | See Source »

...Governor." But there was no confusion in his mind over his role in Government or his relationship with Ford. Pressing two fingers together, he declared: "We're like that." The circumspect Rockefeller would not discuss foreign policy ("That is not my field"). He also would not predict whether he would develop with Ford an overall concept of American life to serve as a framework for domestic policy, as Secretary of State Henry Kissinger has done for U.S. foreign policy. Said Rockefeller: "My hunch is that that is what the President is going to do, [but we haven...

Author: /time Magazine | Title: The Nation: Rockefeller: Things Are Not Simplistic | 1/20/1975 | See Source »

...early to predict how AM America will finally fare. But the staff seems undaunted by the barbs of early bad reviews. Announced Edwards hopefully at the start of one show: "We're going to keep doing it until we get it right...

Author: /time Magazine | Title: Television: Viewpoints: Stumbling Start | 1/20/1975 | See Source »

...recovery, when it comes, is likely to be slow and sluggish at best. Many industry observers predict a generally flat year ahead, with no really significant upturn until August or September. The range of forecasts for total domestic sales is wide: Wall Street Analyst David Eisenberg believes that Detroit will sell no more than 6.5 million autos in 1975, but General Motors Chairman Thomas A. Murphy talks of a 9-million-car year. Though that would be well short of 1973's alltime high of 9.7 million new cars, it would be comfortably ahead of 1958, when only...

Author: /time Magazine | Title: AUTOS: Cracks in the Price Wall | 1/20/1975 | See Source »

...problem was less easy to solve. Doctors had known for years that there are many forms of hypertension that affect different patients in a vast variety of ways. Some respond to one kind of treatment, others to something completely different. It remained for Dr. Laragh to show how to predict an individual patient's response to a particular drug...

Author: /time Magazine | Title: CONQUERING THE QUIET KILLER | 1/13/1975 | See Source »

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