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...home, Snedden scored points by promising to restore the incentives to foreign investment that Whitlam took away-necessary incentives, Snedden argued, if Australia is to develop its vast resources-and pledged to give free enterprise a looser rein. Most important of all, he promised to put a curb on the country's worrisome economic problem, inflation, which is now running at the rate of 14% a year. He promised that he would resign in six months if he could not curb inflation-a promise that most Australians viewed with skepticism...

Author: /time Magazine | Title: AUSTRALIA: Back to the Polls | 5/20/1974 | See Source »

...Tight Rein. At the same time, the lifting of the Arab oil embargo and early signs of renewed strength in the economy have shifted the Federal Reserve's attention away from trying to stave off a recession to quelling inflation-even at the cost of towering interest rates. For example, though the Federal Reserve does not appear to be holding an excessively tight rein on the money supply, it has shown itself increasingly unwilling to open up enough to accommodate the upsurge in loan demand. For the three weeks ending April 3, the last date for which figures...

Author: /time Magazine | Title: MONEY: Inflationary Interest | 4/22/1974 | See Source »

There has been a movement recently for studios to give freer rein to some promising young directors. This has been based for the most part on the enormous success of George Luca's low-budget American Graffiti. Now other young directors--Marty Scorsese, Terry Matlick, Steven Spielberg,--have made successful first films. But, Altman says, there are not enough. And the studios are still trying to keep their hands on the director's shoulder. "There should be room for more than just these," he says. "And Spielberg, for instance, is still under contract to Universal for about five more years...

Author: By Phil Patton, | Title: Movies for Mood or Money? | 4/17/1974 | See Source »

...certain areas when controls disintegrate, John Dunlop, chief of COLC, has been the only Administration official vigorously lobbying for continuance of some kind of economic restraints, particularly on the construction industry and medical services. About 4,000 construction labor contracts expire this year, and without some kind of rein, the building trades unions are expected to push for wage increases ranging from about 10% to 34%. Freed from controls, doctors' fees and hospital charges, in Dunlop's view, could leap 5%. Yet Dunlop's repeated warnings were greeted with apathy by congressional leaders...

Author: /time Magazine | Title: CONTROLS: Death Without Debate | 4/15/1974 | See Source »

...individual voices emerge and develop organically, subtly weaving a plot around their self-conscious lives, they would have shown her that indeed the quality of story they lived affects and transforms human life, and that individuality can't be pressed into one single mold. If allowed full rein, her own characters would not proceed unchanged through story after inset story. A talent for vivid characterization to her credit, Prose should shake loose from the confines of this genre and stamp her own individual form on her writing. She should carve the story lines out of the characters' lives instead...

Author: By Martha Stewart, | Title: A Nest of Empty Boxes | 3/23/1974 | See Source »

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