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Though they would have preferred that the Federal Reserve wait until January, when the final figures for next year's budget will be ready, even the President's economic advisers did not seriously quarrel with the board's move. They were impressed by November figures that showed a rapid rise in bank credit and by an additional and unexpected rise of $900 million in plans for plant and equipment investment in 1966 -a jump indicating that the pressure on credit will be more permanent than previously supposed...

Author: /time Magazine | Title: The Economy: The Rate & Its Ripples | 12/17/1965 | See Source »

...Advocate's prose drought continues. Gerald Hillman sets up a psychotic counterpart between the colloquial jabberings of an Italian family and the stilted quarrel of a couple who live upstairs. All this either occurs in or comments on the passive consciousness of Willy, the title character, who has been nudged over some brink by the death of a woman named Anita. "Reality is reality, it's essential," says Mr. White, one of the upstairs wranglers. But Willy's reality rushes chaotically into his mind, scrambled and unpunctuated, hinting at a story line that never fully materializes. Hillman's attempted humor...

Author: By Eugene E. Leach, | Title: The Advocate | 12/2/1965 | See Source »

...Marseille, Conrad met and fell madly in love with the Pretender's beautiful young mistress, a luscious Hungarian named Paula de Somogyi. They ran off together and spent several idyllic weeks in a rose-covered cottage on an Alp. The idyl ended when a jealous admirer provoked a quarrel. Conrad challenged him to a duel, but then chivalrously fired at the fellow's pistol hand. His opponent, who was Francis Scott Key's grandson but obviously no gentleman, calmly transferred the pistol to his other hand and shot Conrad through the chest. For days Conrad lay near...

Author: /time Magazine | Title: Books: It Was All True | 11/26/1965 | See Source »

...almost no social censure against remarrying a few months after bereavement in what one psychiatrist calls "the Elizabeth Taylorish way" (referring to her statement six months after Husband Mike Todd was killed in a plane crash: "Mike is dead now, and I am alive"). Many psychologists who have no quarrel with the life-must-continue attitude are dubious about the decline in expression of grief. Psychology Professor Harry W. Martin of Texas Southwestern Medical School deplores the "slick, smooth operation of easing the corpse out, but saying no to weeping and wailing and expressing grief and loneliness. What effect does...

Author: /time Magazine | Title: Essay: ON DEATH AS A CONSTANT COMPANION | 11/12/1965 | See Source »

...Morrison's act raised questions both as a suicide and as a pacifist protest. Although the Friends profess deep reverence for human life, their doctrine includes no specific condemnation of suicide; most Quakers were content to let God judge Morrison's self-slaughter. And while they could quarrel with his grisly form of martyrdom, there was no disputing that the vast majority of Friends shared Morrison's misgiving about the Viet Nam war, or any other war. Along with the Brethren movement and the Mennonites, the Friends have been the most ardent spokesmen for the pacifist movement...

Author: /time Magazine | Title: Churches: The Pacifists | 11/12/1965 | See Source »

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