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...interests of state must supersede any personal feelings. Whether as friends or adversaries they approach each other with heavy manipulative intentions. They want from each other. They are wary. Jerry Ford may have transcended this kind of calculation, and was a true friend of France's Valéry Giscard d'Estaing and Canada's Pierre Trudeau. Honest and decent, Ford was special in his time, spared through Watergate the terrible ordeal of climbing to power and so spared the rituals of political calculation that can twist a man's nature...

Author: /time Magazine | Title: The Presidency by Hugh Sidey: Bonds of a Very Small Club | 10/19/1981 | See Source »

...sooner had he moved into the Elysée Palace than he set about reflating the economy to fight France's record 7.7% unemployment. True to his campaign promises, he reversed predecessor Valéry Giscard d'Estaing's cautious policy by introducing a budget calling for 27% higher public spending and a $17 billion deficit. He made good on a longstanding pledge to take over private banks and key industries. He increased welfare benefits to families, the aged and the handicapped. But last week President François Mitterrand was forced to administer a dose...

Author: /time Magazine | Title: France: The Bitter Taste of Reality | 10/19/1981 | See Source »

...lowered from 65 to 60, the work week will gradually be shortened to 35 hours, and companies taking on more labor will be subsidized. The cost: $6.5 billion in new taxes and a $17 billion deficit that France, ironically, can afford next year because former President Valéry Giscard d'Estaing left a full kitty...

Author: /time Magazine | Title: Western Europe: Unemployment Plague | 10/12/1981 | See Source »

Torn between former President Valéry Giscard d'Estaing and his rival, Paris Mayor Jacques Chirac, the opposition is too fragmented to put up much of a fight when the issue comes up in Parliament this month. So far, the vacuum has been filled only by former Premier Raymond Barre, whose ponderous oratory and demeanor symbolized economic discipline during the Giscard years. "The nationalizations are a source of uncertainty for our enterprises and a brake on investment and exports," he scolded. "This experience is going to show that nationalized businesses are costlier than private ones...

Author: /time Magazine | Title: France: He Really Meant It | 10/5/1981 | See Source »

...trainer since March. They were vivid proof that opposites attract. Campo, 43, is a bombastic, street-wise man who rose to prominence by turning cheap horses into winners. Runkle was a slight, shy, sweetly bookish young woman given to quoting Her mann Hesse and Antoine de Saint-Exupéry...

Author: /time Magazine | Title: The Last Days Of Dr. Runkle | 8/17/1981 | See Source »

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