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...valuable opportunities and careers then society will wish to make sure that these capacities are used in ways that contribute to society's welfare. As a result the critical issue for the next generation is not Harvard's survival but its independence and freedom from ill-advised government restraint...

Author: By Jim Cramer, | Title: President Bok's Prep School | 7/18/1975 | See Source »

...American promise of self-government in freedom, under law and with self-restraint, remains the most stirring and hope-giving in the catalogue of political systems. What is needed for its survival is a rigorous concentration on its meaning, including a concentration on some things the Declaration left out. Freedom, like the Declaration itself, is not a gift but a permanent demand on us to keep giving. Perhaps in our minds we need to insert in the Declaration some words like these: ". . . that all men are endowed by their Creator with certain inescapable duties, and that among those duties...

Author: /time Magazine | Title: Time Essay: The Morning After the Fourth: Have We Kept Our Promise? | 7/14/1975 | See Source »

...emergency Cabinet meeting, Healey presented a proposal for a wage-restraint policy backed by legal sanctions. Instead of waiting to hear the consensus of his Cabinet as he usually does, Wilson promptly backed Healey. He won the decisive approval of the Cabinet. The only holdout was Employment Minister Michael Foot, the silver-tongued tribune of the unions. Foot was given a face-saving week to try to obtain union agreement. But the Cabinet made it clear that the proposal would be introduced in Parliament whether or not the union leaders accepted...

Author: /time Magazine | Title: BRITAIN: No More the Social Contract | 7/14/1975 | See Source »

...stern test for democratic leadership. At some point in the current recovery, it may be necessary for the Government to switch to a restrictive policy even when unemployment remains uncomfortably high, inflation is decelerating and the need for any restraint at all is not readily apparent to the voters...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

...script better. He gave a banquet speech full of effusive praise for China, labeling it "the leader of the Third World and a moral inspiration to all the world and mankind." Vice Premier Teng Hsiao-ping, who represented Premier Chou En-lai at the formal banquet, responded with more restraint, commenting simply on the Philippines as "a beautiful and richly endowed country" whose people were "industrious and valiant." Teng wasted no time in getting to China's chief international concern; in his final address he noted that both China and the Philippines were opposed to "big-power hegemonism," China...

Author: /time Magazine | Title: ASIA: A New Tripolar Balance | 6/23/1975 | See Source »

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