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...Alessandri to grant a once-and-for-all nationwide wage adjustment, reorganize the tax system, fire civil servants, establish a new monetary system, modify the nation's banking. He will also be empowered to reorganize public utilities, consolidate government or semi-government agencies, control monopolies and practices that restrict free trade. The powers are drastic, but so is the squeeze on Chile's economy. The 1959 budget of $465,600,000 is unbalanced by $242,500,000; industrial output has sagged 10% in the past three years; food production falls far short of keeping up with the annual...

Author: /time Magazine | Title: CHILE: Down to Business | 3/23/1959 | See Source »

...that the past few decades have gradually brought two new inflationary factors into the U.S.'s economic structure: 1) Big Labor's power to force wages up even when demand is falling, and 2) Big Business' tendency to eliminate price competition, set profitable "administered prices," and restrict cornpetition to quality, styling, service, etc. The combined result, says Burns, is that instead of slipping downward when demand declines, prices tend to hold steady during economic downturns, or even go on creeping upward...

Author: /time Magazine | Title: National Affairs: BATTLE BEHIND THE BUDGET BATTLE | 3/16/1959 | See Source »

...area (including $4.76 a ton on U.S. coal) and higher taxes on other fuels to boost coal sales. Italy and Luxembourg want to continue buying cheaper U.S. coal, even if this is considered disloyal to surplus-ridden Community producers. The French hinted that they might not obey orders to restrict production, which, though helping the Belgians, would be merely "exporting unemployment into France...

Author: /time Magazine | Title: WESTERN EUROPE: Old Habits | 3/16/1959 | See Source »

...proud possessors as Kukla, Fran, Ollie and Godfrey. But when, several years ago, Dr. Bergen Evans proved to people that Shakespeare could be fun (or, more accufately, that you could divert people by telling them Shakespeare is fun), the unlimited variations of his theme became apparent. Professors began to restrict their bitter little jokes, and perhaps with an eye to a later surrender, conceded that the medium's effects on the populace was worthy of social study...

Author: By Gavin Scott, | Title: Moral Compensation | 3/11/1959 | See Source »

Bruce C. Hopper '18, associate professor of Government, said, "Macmillan may have felt that Khrushchev's main motive in the Berlin crisis is to force the West to agree to keep IRBM's out of West Germany." Hopper claimed that the West could afford to restrict missiles with atomic warheads to Britain or France...

Author: NO WRITER ATTRIBUTED | Title: Professors See Russians Striving To Keep Missiles Out of Germany | 3/5/1959 | See Source »

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