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...high taxes, tight money, steep interest rates and restraint on Government spending, the most direct way to fight inflation without increasing unemployment would be outright federal controls on wages and prices. Paul A. Samuelson of M.I.T., a liberal economist, says that controls should be "saved for emergencies"; most officials shudder at their use under any. circumstances. In a letter to the Washington Post last week, Harvard's John Kenneth Galbraith argued for revival of the Johnson Administration's voluntary wage-price guideposts, "or something similar." Yet, as Johnson learned, such guideposts can be flouted so often that they...

Author: /time Magazine | Title: Business: NIXON'S FIGHT AGAINST ECONOMIC PROBLEM NO. 1 | 2/21/1969 | See Source »

...issues of today with tongue-in-cheek or heart-in-throat and expect the audience to react automatically. But this is primarily what the Light Company does. We see slides of Agnew and we are supposed to guffaw; we see slides of Vietnam bloodshed and we are supposed to shudder. We've seen this all before many times, and by now we have hardened to it. The theatre will have to sneak up from behind and twist our funny bones or club us on our heads to get the laugh or the cringe...

Author: By Frank Rich, | Title: The Light Company | 1/13/1969 | See Source »

That is Western man, and with these qualities he will succeed or fail. It is possible to look at the moon flight and shudder at the vast, impersonal, computerized army of interchangeable technicians who brought it about. It is also possible to see in this endeavor the crucial gifts for organization and cooperation that alone will make survival in the post-industrial age feasible. It is possible to look at the moon flight and be dismayed at the crass expenditure of money, sweat and time, the sheer materialist effort, the ultimate triumph of gadgetry, the unabashed hubris of technique...

Author: /time Magazine | Title: Essay: OF REVOLUTION AND THE MOON | 1/3/1969 | See Source »

...Angeles department-store executive says, "We'll go on having more and bigger stores-and more opportunities for the person who wants to steal. We just can't have enough security men and clerks. You reach the point where the cost of employing them is prohibitive." Owners shudder at the thought of what the problem may be like when youngsters, who are breaking in today with imaginative petty thievery, grow up and develop an even greater appetite for goods...

Author: /time Magazine | Title: Retailing: The Shopkeeper's Big Headache | 12/20/1968 | See Source »

...Olympic long jump was supposed to be a two-man contest between the U.S.'s Ralph Boston and Russia's Igor Ter-Ovanesyan, coholders of the world record (27 ft. 4¾ in.). Beamon's unpolished jumping style made purists shudder and write off as a fluke his indoor world record of 27 ft. 2¾ in. last March. Sometimes he took off from his right foot, sometimes from his left. He often did not bother to count his strides on the approach. In the qualification trials, he fouled on his first two jumps and barely made...

Author: /time Magazine | Title: Sport: Pride and Precocity | 10/25/1968 | See Source »

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