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...Simon and Alan Greenspan, chairman of the Council of Economic Advisers, have already let it be known that they favor a gasoline-tax hike. In a joint press conference, they also suggested that they might support a general tax cut, since the re cession is turning out to be sharper than expected. Even Ford's visitors from abroad, Canadian Prime Minister Pierre Trudeau and West German Chancellor Helmut Schmidt, pressed him to take more resolute action in the deepening economic crisis (see THE WORLD...

Author: /time Magazine | Title: THE ADMINISTRATION: Heading for Stalemate in Congress | 12/16/1974 | See Source »

Since so much had already leaked out, Ford perhaps had no choice but to make an admission. But his statement seemed to set no or few limits on clandestine intervention in another country. A somewhat sharper but still highly flexible limit was set afterward by Kissinger. He told TIME: "A democracy can engage in clandestine operations only with restraint, and only in circumstances in which it can say to itself in good conscience that this is the only way to achieve vital objectives...

Author: /time Magazine | Title: INTELLIGENCE: The CIA: Time to Come In From the Cold | 9/30/1974 | See Source »

...original Watergate defendants, Nixon, according to the White House version, observed: "It sounds like a lot of money, a million dollars. Let my [sic] say, that I think we could get that. I know money is hard to raise." But in the Judiciary version his words are sharper: "Let me say that I think you could get that in cash, and I know money is hard, but there are ways...

Author: /time Magazine | Title: The Nation: The Case of the Doctored Transcripts | 7/22/1974 | See Source »

...Preakness may be another Balaklava charge like the Derby. Though Cannonade is the favorite because of his Derby win, his slow time of 2:04 on a fast track at Churchill Downs was not convincing to rival horsemen. The shorter course and sharper turns may even encourage a few additional trainers to enter their sprinters...

Author: /time Magazine | Title: Sport: One Down, Two to Go | 5/20/1974 | See Source »

Many press stories about the President's questionable financing of his San Clemente property and lavish Government-paid improvements to his private facilities there and in Key Biscayne should have alerted the IRS that his returns rated a new and sharper scrutiny. In the fall of 1973, an IRS employee decided on his own that the public ought to know about the amazingly low taxes paid by the President and leaked the figures for 1970 and 1971 to the Providence Journal-Bulletin...

Author: /time Magazine | Title: The Nation: The IRS: Four Years of Going Easy | 4/15/1974 | See Source »

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