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...investment depends not on tax rates but on the vigor of the economy. That contention illustrates a profound difference in philosophy: broadly speaking, Nixonians view investment as the most important force powering economic growth, while McGovernites give priority to consumer spending. McGovern himself has quoted John Kennedy's remark that "a rising tide lifts all the boats." But Treasury Secretary Shultz had a ready reply: "We must be careful we don't drill holes in the boats...

Author: /time Magazine | Title: TAXES: Capital Gains Under Fire | 9/18/1972 | See Source »

...Brezhnev's point: the U.S. and the Soviets should not strike a trade bargain merely for the sake of making a deal, but should try large-scale ventures that would yield solid profit to both. Later, the usually matter-of-fact Peterson quoted a rather lyrical Alexander Hamilton remark that "the spirit of commerce has a tendency to soften the manners of men and to extinguish those inflammable humors which have so often kindled wars...

Author: /time Magazine | Title: EAST-WEST TRADE: Tapping Soviet Treasure | 8/21/1972 | See Source »

...like Margaret Mitchell, she knows absolutely everything about her main character and could tell as many tales as Scheherazade about her. Producer-Director Eleanor Perry, who has bought the book for the movies, has proclaimed it "the first Women's Lib western"-just what the movement needs. The remark is understandable because Catherine is ultimately stronger and less rigid than the men who try to run her life. But Marilyn Durham is not inspired by headlines. What she is doing is spinning her yarn in the age-old, instantly recognizable...

Author: /time Magazine | Title: Books: Women's Lib Western | 8/7/1972 | See Source »

...even attended a fashion show. At one caucus, Minnesota Delegate Yvette Oldendorf, smartly attired in a pantsuit, rose to protest: "I find it an extreme insult to suggest that women delegates should be attending style shows while the men attend to the business of the convention," prompting the remark: "My God, it sounded like she was saying, They are slaughtering Christians down on 34th Street.'" Militants took action against women they considered to be traitors to their sex. Those who stayed at the Playboy Plaza proselytized the bewildered Bunnies as earnestly as the Jesus freaks buttonholed passers...

Author: /time Magazine | Title: THE DELEGATES: Eve's Operatives | 7/24/1972 | See Source »

...illogical" the more limited Nixon proposal of May 8, which calls for an in-place ceasefire, a release of all American prisoners in return for a U.S. withdrawal within four months, and an end of acts of war by the U.S. in Indochina. One glimmer of movement was a remark by Xuan Thuy. He suggested that while the Communists still wanted to oust Thieu, the shape of Saigon's political future might be left-as the U.S. has proposed-to later negotiations between the two Viet Nams. Then, at week's end, Le Due Tho, a North Vietnamese...

Author: /time Magazine | Title: DIPLOMACY: The Ritual Resumes | 7/24/1972 | See Source »

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