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Last year consumers chose to save an exceptionally high proportion of their incomes, and corporations opted to rebuild depleted cash balances. That was one reason why the first-half expansion of the money supply failed to produce the vigorous growth in the economy in late 1971 that some monetarists had expected. The Federal Reserve governors eventually concluded that they were pushing out money faster than the economy needed-especially in view of a gargantuan flight of dollars abroad-and decided to hold down the money supply again...

Author: /time Magazine | Title: MONEY: Ending the Suspense | 2/21/1972 | See Source »

...regime during Tet, the lunar new year. When questioned about the situation a highly placed official appeared to hope that Hanoi would expend all its energies during Tet on the theory that its whole military apparatus would be destroyed. During the next four years that Hanoi would require to rebuild its forces, the 'force of reason' and a decrease in Russian and Chinese aid would convince Hanoi to negotiate a settlement. The official also doubted that during this year's Tet offensive the village infrastructure of the Thieu regime would topple...

Author: By Jim Blum, | Title: An End to a Beginning? | 2/14/1972 | See Source »

...textile mill was bombed five times during the war, and its machinery was looted, vandalized and scattered; yet its technicians managed to put it back into operation in five months. Nigerian army engineers estimated that it would take a year to rebuild the badly damaged waterworks at Nsukka; Ibo engineers did it in three weeks. The state abounds with similar tales. As the American manager of the Aba mill, a North Carolinian named W.A. Way, puts it: "Ain't no power on earth gonna hold these people back...

Author: /time Magazine | Title: NIGERIA: Recovery After Biafra | 1/10/1972 | See Source »

...already followed Supermac through three volumes of adventures will find him this time at the peak of his powers. The U.S. has let Britain down at Suez. Anthony Eden has quit. But Harold, as Her Majesty's Prime Minister and First Lord of the Treasury, moves in to rebuild the Anglo-American alliance on the basis of his old friendship with Dwight Eisenhower. He also pilots the ship of state through the storms of crisis in Lebanon, an incipient trade war in Europe, a Gaullist coup in France. Soviet ultimatums about Berlin, and assorted parliamentary pothers in Britain...

Author: /time Magazine | Title: Books: West of Suez | 12/13/1971 | See Source »

There will be a stabilization of living conditions, in order "to create conditions allowing everyone to contribute his talents and efforts to heal the war wounds, to rebuild the country...

Author: By Jim Blum, | Title: 'A Path to Negotiate' | 11/15/1971 | See Source »

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