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...This artificially restricts the land supply and drives up prices. A less direct effect of the property tax is perhaps even more important. Since almost every locality in the country depends on the property tax for the bulk of its revenues, local officials are generally hungry for development. Shrewd developers can play off one town against another for tax and zoning concessions...

Author: /time Magazine | Title: Special Section: The New American Land Rush | 10/1/1973 | See Source »

...crucial absence in all but a few of Duchamp's early paintings. The man who consecrated the second half of his life to chess has about his work the air of supremely intelligent, bloodless derision. There is almost no sign of human affection or concern; only the shrewd, anticipatory aspect of a mocking prophet...

Author: /time Magazine | Title: Art: Variations on an Enigma | 9/24/1973 | See Source »

...national referendum last month, there is growing unrest over the continuation of martial law, the so-far unsuccessful military struggle against guerrillas in Mindanao and Sulu, and the prospect of the country's worst rice shortage in years. Quite clearly, the President is worried that the shrewd, ambitious Aquino, a member of one of the country's wealthiest families, might become a symbol of political dissent and persecution. Many Filipinos are well aware that the ex-Senator's grandfather was imprisoned by the U.S. during the abortive Philippine war for independence in 1899, and that his father...

Author: /time Magazine | Title: THE PHILIPPINES: Aquino Rewrites the Script | 9/10/1973 | See Source »

Contributing to the lack of national identity and community concern is the fragmentation of the classes. The wealthy oligarchs, the middle class and the workers are not only separated from one another but are all deeply divided within themselves. In sum, it is a situation much easier for a shrewd politician to exploit than solve, as Peron proved in his first rise to power...

Author: /time Magazine | Title: ARGENTINA: An Old Dictator Tries Again | 9/10/1973 | See Source »

...course there is no mold. Bobby is, first, an excellent athlete, one of the best tennis players the game has seen. But more important to his present endeavor, he is also an original-a garrulous, demonic elf, a street-shrewd promoter who has finally found a way to satisfy his gargantuan appetite for both action and attention...

Author: /time Magazine | Title: How Bobby Runs and Talks, Talks, Talks | 9/10/1973 | See Source »

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