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Inflation also continued to moderate, a development that could prompt more consumer spending. Wholesale prices in May rose .4%-high by historic standards but modest compared with the 1.5% increase in April and a far cry from the rates of last year. In the past three months, wholesale prices have climbed at an annual rate of 5.5%, compared with the peak rate of 35.3% in the three months ended last August. Businessmen's borrowing costs are also coming down. Manhattan's First National City Bank, which usually sets the pace for other major institutions, lowered its prime loan...

Author: /time Magazine | Title: OUTLOOK: Moving up, but slowly | 6/16/1975 | See Source »

Complaints about ambiguities and weaknesses in the language of the law were voiced loudly enough to prompt Congressional additions to what became the Pell-Buckley amendment, which exempted documents written before September, 1974, from student access. Harvard's efforts to limit the effect of the legislation included the recommendation from Daniel Steiner '54, that all confidential admission materials be placed in escrow and this prompted student protest...

Author: By Diane Sherlock, | Title: The Faculty Burns Some Bridges | 6/12/1975 | See Source »

...Korea, since that would remove a valuable counterforce to Soviet influence in East Asia. Moreover, the argument goes, both Moscow and Peking fear that a new Korean war in which U.S. troops were involved would lead to a serious deterioration in their relations with Washington; a war would also prompt Japan to begin building a powerful military force...

Author: /time Magazine | Title: SOUTH KOREA: Getting Nervous | 6/9/1975 | See Source »

...court may not provide a final answer. The special facts of the case, which involve the barroom-brawl murder conviction of Jesse Fowler, may prompt one or more Justices to shift their position. More important, Fowler's death sentence grew out of a North Carolina Supreme Court ruling that reinterpreted existing legislation and read into it mandatory death penalties. The Justices may choose to rule only that such judicial construction was improper and thus leave to another day the broader question. If that happens, death-row inmates would once again have to hope that the redoubtable Justice Douglas...

Author: /time Magazine | Title: The Law: Death Dealing | 4/21/1975 | See Source »

...unforeseen last-minute hitch, rebate checks on 1974 taxes should begin flowing to taxpayers in May. The extra cash for most Americans is expected to give the economy a substantial boost. Republican President Ford will be able to take political credit for pushing the Congress into relatively prompt action and the Democratic leaders to claim that they delivered a more effective tax stimulus than the President had requested...

Author: /time Magazine | Title: CONGRESS: Toward the Biggest Tax Cut | 3/31/1975 | See Source »

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