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...traditional pro-capitalist answers the statist by asserting that the essential limitation upon corporate power is exercised by what "economists refer to as the 'judgment of the market place' . . . which was assumed to be a powerful controlling factor. By declining to provide capital, it could, in theory, check overexpansion, could favor enterprises which the country needed most . . ." But Berle does not believe that the judgment of the market place plays this part in contemporary U.S. capitalism. The modern corporation is strong enough to ignore the judgment of the market. The spectacular fact is that most...

Author: /time Magazine | Title: Business: CAPITALIST REVOLUTION | 11/8/1954 | See Source »

...chosen political instrument of Mahatma Gandhi and the great man's successor, he is still the village spellbinder, the favorite of India's masses. The Congress Party, riddled with corruption and disliked by Indians at large, has no one else of Nehru's stature (Indians sometimes refer to Congress politicos as "pygmies in high chairs") and cannot hope to cling to power without him. If the threat to resign does not in itself quiet the opposition, Nehru is safe in gambling that his actual retirement from the scene for a few months next year would have...

Author: /time Magazine | Title: INDIA: Nehru Moves Left | 10/25/1954 | See Source »

...just from waiting around for that plain little band of gold / A person can develop a cold"). But Manhattan's Dr. Bret Ratner disagrees with Adelaide. The psychosomatic approach to allergies, he complains, has become so popular that the family doctor has a hard time deciding whether to refer cases to a psychiatrist or an allergist. Allergist Ratner plumps for the allergist. Says he: "If the psychiatric factors are treated exclusively, there can be little hope for lasting help...

Author: /time Magazine | Title: Medicine: Capsules, Oct. 18, 1954 | 10/18/1954 | See Source »

Mitchell: That is a question I am very happy to answer . . . I refer you particularly to the Social Security Act, which has increased the number of people covered by social security by some 10 million . . . I refer you to the President's comment in his economic message that the states of this Union should review the adequacy of benefits of unemployment compensation . . . In addition to that, as Secretary of Labor, I have written to the governors of every state, urging them to look to the adequacy of their unemployment-compensation benefits . . . I refer you to the housing program, which...

Author: /time Magazine | Title: LABOR: Bull Session | 10/11/1954 | See Source »

This adoption of the title of ambassador before the actual duties change seems to have been an important psychological factor in creating amity between the American and German governments. German newspapers immediately began to refer to "Ambassador Conant" and communiques from the Bonn government are now addressed similarly. This change is typical of many actions which have evidently caused the Germans to think of the United States as an allied rather than an occupying power...

Author: By John J. Murphy, | Title: Conant Calls For European Unity Along with German Reunification | 9/28/1954 | See Source »

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