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...pose a fatal political threat to Nixon-yet. For the present, some Republicans take comfort from the fact that many people see Nixon as having inherited the mess from the Democrats. After a tour of southern Illinois. Norton Kay, a former Chicago political editor, reported that the President is "seldom blamed or mentioned. People talk about government as an abstraction rather than about Nixon as a person. They seem disillusioned with the System rather than with a party or an individual." Republicans hope that people are distracted by other matters. "They want to talk about the ball scores and their...

Author: /time Magazine | Title: The Nation: The Economic Blues | 8/16/1971 | See Source »

...nation's biggest defense contractor was fighting for its life, and Congress had seldom before seen such frenzied lobbying. As the argument mounted last week over the proposal for the Government to guarantee $250 million in loans to the Lockheed Aircraft Corp., Nixon Administration officials placed calls around the country to sympathetic bankers and industrialists. Those men, in turn, phoned their Congressmen and urged them to vote for the bailout. Machinists and scientists bought newspaper ads. Aerospace workers, some of whom lost their jobs after amateur lobbyists effectively organized an anti-SST drive last spring, rallied to Lockheed...

Author: /time Magazine | Title: Business: The Lockheed Bailout Battle | 8/9/1971 | See Source »

...formula seldom changed. At the end of every typical Frank Capra movie -Mr. Deeds Goes to Town, say, or Mr. Smith Goes to Washington-the hero, a generally shy but sturdy innocent, vanquished the villain, got the girl and reaffirmed once again the notion that all you really need in order to win out is spunk and some levelheaded determination...

Author: /time Magazine | Title: Books: How It Was | 8/2/1971 | See Source »

...American notion of progress, a pay raise every year is synonymous with Getting Ahead. But is it really? More and more Americans are finding that like the dreaming Miss Alice in Wonderland, they must run faster and faster just to keep even. An annual pay raise is seldom enough to keep pace with the inflation of living costs and taxes. The tables below, prepared by TIME last week with the help of the Tax Foundation Inc., a nonprofit clearinghouse for tax information, show where a family of four with standard income tax deductions now stands in relation...

Author: /time Magazine | Title: Business: Where Everybody's Dollars Went | 7/26/1971 | See Source »

...inside track. If the plan is approved, Japan's air technology will take a quantum leap forward, giving it a big lead in future markets of the Far East, notably including China. At the same time, Boeing will be able to open a door that is seldom used these days in the aerospace industry-the hiring office. The Seattle-based company dreams of developing important new models but needs a partner with money before going forward. Ironically, the money that Japan has earned from its export drive, which has been sharply criticized by U.S. protectionists, may well help...

Author: /time Magazine | Title: AVIATION: A U.S. Superjet for Japan? | 7/26/1971 | See Source »

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