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...continuing shock over U.S. policy and confusion over the future of money have aggravated the slowdown and wiped out hopes for a recovery by year's end. French Finance Minister Valéry Giscard d'Estaing, whose country is certainly not the worst hit, last week noted the dimmed prospects for the world economy: "The period of rapid economic growth," he said, "is past history...

Author: /time Magazine | Title: WORLD TRADE: Building Walls Abroad | 11/1/1971 | See Source »

...been a monetary meeting like the one convening in Washington this week. John Connally, the tough but still charming Texan, will be there as the chief attraction, if one can put it that way. So will assorted treasury chiefs, finance ministers and central bankers-France's Valéry Giscard d'Estaing, Germany's Karl Schiller, Italy's Guido Carli. Like their predecessors at Bretton Woods, these men face the necessity of crafting a new system to finance global trade, tourism and investment. They surely will not finish that herculean job by the time the annual...

Author: /time Magazine | Title: The Economy: Changing the World's Money | 10/4/1971 | See Source »

...raised in Nashville, Tenn. She began singing as a pre-schooler in Daddy's choir, later polished her technique on four-part harmony in a Memphis jingle factory, learned country-rock as a back-up singer with Delaney & Bonnie. Such rock celebrities as Leon Russell, Stephen Stills and Ry Cooder were happy to play back-up on her new (and first) A & M album -perhaps because of the sensational way she can bend a slow romantic ballad to a voice of pure honey and magnolia...

Author: /time Magazine | Title: Music: King as Queen? | 7/12/1971 | See Source »

...primitive philosophical concepts tied to the prescientific past. All this leads to emotional disturbances and frustrations, known as semantic shock. Korzybski prescribed some mental tricks to guard against this disorder. Take, for instance, the old hit song: "Falling in love is wonderful, it's wonderful . . . in ev'ry way." A general semanticist following Korzybski's rules to the extreme would render the line thus: "Fallings in love3 are wonderful, they are wonderful [to me] in a great many ways...

Author: /time Magazine | Title: Time Essay: DOWN WITH MEDIA! | 6/7/1971 | See Source »

...European ministers minced no words in blaming the U.S. for their di lemma. Said French Finance Minister Valéry Giscard d'Estaing: "Europe is having to pay for the U.S. policy of growth and full employment." Schiller was even more direct: "The U.S. deficit of payments can no longer be tolerated with benign neglect...

Author: /time Magazine | Title: Business: The Dollar Crisis: Floating Toward Reform? | 5/17/1971 | See Source »

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