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...year of retrenchment and reappraisal. In the midst of a worldwide recession, people learned how to make do with less and not to hope for too much more. While the lowering of expectations brought frustration and confusion, it also seemed to prompt a new realism. Sporadic acts of terrorism kept much of the world on edge, but steps were taken toward peace in significant areas. For the time being at least, moderation...

Author: /time Magazine | Title: National Affairs: The Men Who Almost Made It | 1/5/1976 | See Source »

...scene on the field wasn't bad enough, then the image of students in Providence rejoicing as the good news came over the radio (delivered by a maniacal announcer) was enough to prompt nausea in even the strongest Harvard supporter...

Author: By Thomas Aronson, | Title: Tom Columns | 11/15/1975 | See Source »

...settlement. Turkey's invasion and occupation have already cost $1 billion, roughly 3.7% of the G.N.P. in a country that has 13% unemployment and 20% inflation. Moreover, new aid and arms packages come before the U.S. Congress later this winter, and lack of movement on Cyprus could prompt another embargo...

Author: /time Magazine | Title: TURKEY: Suleyman the Troubled | 10/27/1975 | See Source »

...policies. If that is done by the end of 1976, he thinks, price rises and unemployment rates could both be heading down sufficiently to leave the U.S. poised for further recovery. On the other hand, he argues, if the Government tries to pump enough money into the economy to prompt a faster rebound, it will only fan greater inflation that eventually would force a crackdown on demand. "We have one more chance now," he warns, "and if we blow it, we are going to have a very serious recession...

Author: /time Magazine | Title: OUTLOOK/TIME BOARD OF ECONOMISTS: A Quickening Recovery Faces Danger | 9/22/1975 | See Source »

...International Monetary Fund. At the IMF's annual meeting of finance ministers in Washington last week, Witteveen suggested that the three leading industrial powers were all but dutybound to pursue more stimulative economic policies in order to "lead the world to recovery." Witteveen's argument drew prompt rebuttals from all three nations. Said U.S. Treasury Secretary William Simon: "We believe we have taken adequate measures to protect our economy...

Author: /time Magazine | Title: THE RECOVERY: A Call for Help | 9/15/1975 | See Source »

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