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...McDonald's phenomenal growth (TIME cover, Sept. 17, 1973) against what would seem to be heavy odds. Investors have sold the stock down from a high of $77 in 1972 to about $42 last week. One reason: the fear that energy shortages and higher gasoline taxes will eventually restrict driving and thus the patronage of McDonald's restaurants. Competition in the fast-food business has rocketed: not only have hamburger chains proliferated, but Americans can now pop around the corner to get takeaway tacos, fish cakes, spaghetti and even German sausage. Some of the country's biggest...

Author: /time Magazine | Title: FOOD: Still the Champion | 4/25/1977 | See Source »

Diabetics, who must restrict their sugar intake, and people trying to control their weight are responsible for most of the saccharin...

Author: By Omar E. Rahman, COMPILED FROM WIRE DISPATCHES | Title: FDA OFFICIALLY BANS SACCHARIN AS FOOD ADDITIVE TODAY | 4/14/1977 | See Source »

...presiding over a long meeting of the Administration's Economic Policy Group and even penning several paragraphs of the final announcement. In the end, he rejected an International Trade Commission recommendation to quadruple tariffs on many foreign shoes, to 40%. Declared the President: "I am very reluctant to restrict international trade...

Author: /time Magazine | Title: TRADE: Yes and No on Shoes | 4/11/1977 | See Source »

That said, Carter proposed to restrict trade in a "modest" way. He will try to negotiate agreements with South Korea and Taiwan under which those nations would "voluntarily" cut back exports to the U.S.-mainly of work, athletic and vinyl shoes-in return for a pledge of no tariff increase. The Administration hopes that other nations, such as Italy, Spain and Brazil, will reduce their shoe sales in the U.S. (or at least not increase them) without formal negotiations. The President also pledged to ask Congress for federal aid to the domestic shoe industry that could total $1 billion over...

Author: /time Magazine | Title: TRADE: Yes and No on Shoes | 4/11/1977 | See Source »

Rumours proves that personal tragedy need not restrict artistic achievement--maybe it even encourages it. On "Gold Dust Woman," Stevie Nicks questions whether the group can "pick up the pieces and go home." Not only picking up the pieces, Fleetwood Mac has fit them together into a neat jigsaw puzzle. Nicks may believe that "rulers make bad lovers," but Rumours shows that bad lovers are capable sovereigns in the realm of music...

Author: By Hilary B. Klein, | Title: Your Money or Your Wife | 3/28/1977 | See Source »

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