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...about the likely impact of post-freeze controls on business. Many businessmen worry that the controls will hold prices down more than wages, and that profits will suffer as a result. That is the exact reverse of the anxiety expressed by labor leaders, who fear that the controls will restrict wages more than prices, and that profits will soar while workers are hurt...

Author: /time Magazine | Title: THE STOCK MARKET: Descent into Limbo | 11/8/1971 | See Source »

Fashionable Idea. The changes are more than symbolic. The government has promised new regulations that will effectively eliminate the hated "pass laws" that require all blacks to carry identity cards and severely restrict their movement; it was during a protest against these laws that police opened fire at Sharpeville in 1960, killing 67 blacks and injuring hundreds. The government-owned railway is ignoring laws against hiring nonwhites for skilled jobs; the local General Motors plant, whose labor force is 52% nonwhite, has been quietly doing the same thing for years. The Trades Union Council, the country's largest labor...

Author: /time Magazine | Title: The World: Apartheid: Cracks in the Fa | 11/1/1971 | See Source »

Arizona Congressman Morris K. Udall, for one, feels that "people are becoming satiated with sports." Last March he introduced a bill to restrict the TV coverage of professional sports to specified seasons before "the public turns away from the sporting world in a wave of apathy and disgust." Udall's bill has about as much chance of passage as the California Golden Seals have of winning this year's Stanley Cup. Nonetheless, as the World Series spills over into the football, basketball and hockey seasons, team owners, players and fans alike might ponder the possibility of sports overkill...

Author: /time Magazine | Title: Sport: The Endless Season | 10/25/1971 | See Source »

...that Canada was hit by a truck that was heading elsewhere-namely to Japan and Western Europe. For his part, Trudeau has turned aside suggestions from the opposition New Democratic Party that Ottawa slap a retaliatory export tax on natural gas, oil and minerals needed in the U.S., or restrict dividend payments to U.S. parent companies. He has settled on a milder response: a bill, passed by Parliament two weeks ago, setting up an $80 million kitty to aid hard-hit firms in maintaining their employment rolls. The danger is that if Canadian companies use that money to cut their...

Author: /time Magazine | Title: The Economy: Canada: Coping with a Twitchy Elephant | 10/18/1971 | See Source »

...bumper stickers proclaim SAVE OREGON FOR OREGONIANS, the legislature has just passed a bill that would channel 1% of all state gas-tax revenues into building bicycle lanes and footpaths. These paths would be built along highways, streets and in parks. The bill also says that the state may restrict paths to nonmotorized vehicles. If Governor Tom McCall signs the bill into law, Oregon's biennial budget will include about $2.6 million for pedalers and pedestrians. Last week the U.S. Transportation Department promised to supplement state funds for bike-path construction, hiking Oregon's potential two-year take...

Author: /time Magazine | Title: Environment: Week's Watch | 6/14/1971 | See Source »

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