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In the first full week of Phase IV, each costly ring of the check-out cash register seemed to eat away at public patience with the Administration far more than the revelations of the Watergate scandal. To beat the worst of the expected price bulge, shoppers crammed into supermarkets, piled...

Author: /time Magazine | Title: PHASE IV: Prices Leap, Tempers Rise | 8/6/1973 | See Source »

For most industries the new rules will take hold on Aug. 12. Until then the price freeze will remain in effect. But food processors and food sellers, doctors, dentists and hospitals will immediately go under the more flexible Phase IV rules. Wholesale food prices began rising only hours after the...

Author: /time Magazine | Title: PHASE IV: This Season's Game Plan: Semi-Tough | 7/30/1973 | See Source »

He is married to an ex-barmaid named Rosaline ("I was pulling pints when we first met," says she), and they have a son Oliver, 16 months. The Wakemans live in a $125,000 white pebble house in Buckinghamshire, complete with electronic eye at the front door, loudspeakers in the...

Author: /time Magazine | Title: Music: Popping the Classics | 7/9/1973 | See Source »

Food processors are dropping some items because fruit and vegetable growers are demanding higher prices for their control-exempt goods, while the companies' prices for many products are often frozen at last summer's lower level. General Foods, for example, is turning away orders for some frozen-food...

Author: /time Magazine | Title: CONTROLS: A Threat of Food Shortage | 7/9/1973 | See Source »

At present, about 580 overseas firms have direct investments in the U.S. that, on the basis of their book value, total roughly $15 billion; measured by their real market value, the businesses are worth much more. These holdings are still relatively small compared to the $90 billion worth of American...

Author: /time Magazine | Title: INVESTMENT: New Buy America Policy | 7/2/1973 | See Source »

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