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...while, it almost seemed that West Germany's robust economy was immune from the crisis that is sweeping the industrial nations. Month after month, while soaring oil prices drove inflation and trade deficits skyward round the world, West Germany racked up one record surplus after another. Foreign reserves swelled, orders bulged, and the country's already low inflation rate (7.8%) actually began to decline. An enormous backlog of foreign orders, plus the magic of "Made in Germany," kept exports surging ahead...

Author: /time Magazine | Title: WEST GERMANY: Bloom Off the Boom | 12/16/1974 | See Source »

...minor economic miracles in the past couple of years has been the quietly cooperative spirit of U.S. labor. As living costs sailed skyward and corporate profits rose sharply, most of the nation's biggest and toughest unions accepted relatively moderate contracts that added little to the rapid pace of inflation. But that remarkable show of patience has now ended. The American workers' mood has turned increasingly bitter lately, and wage demands have climbed steadily higher...

Author: /time Magazine | Title: LABOR: The New Militancy: A Cry for More | 11/25/1974 | See Source »

...scenes are familiar ones. A fleet wide receiver flings the football skyward after snaring a game-winning touchdown pass...A jubilant gang of baseball players mobs their pitcher after that final World Series victory...A triumphant tennis player hurdles the net to offer his opponent the glad-hand after whistling one last ace past him. Victory in its many guises--ah, how sweet...

Author: By Dennis P. Corbett, | Title: Dennis Anyone? | 11/6/1974 | See Source »

...most potent inflationary forces are outside the direct control of Government. The soaring costs of fuel and food account for about half of the present inflation. But oil prices are dictated by the OPEC cartel, and food prices have been sent skyward by capricious weather. A combination of heavy spring rain, summer drought and early fall frost has already reduced crops of corn, wheat and soybeans, boosting the cost of everything from bread to salad oil, and feed for cattle and hogs. In August alone, the wholesale price of farm and food products rocketed 7.6%, and some Government economists believe...

Author: /time Magazine | Title: INFLATION: Ford's Plan: (Mostly) Modest Proposals | 10/14/1974 | See Source »

...Harvard's bleached crimson banner, pegging their reasons to the ever changing climate of the gathering storm of controversy. No sooner did the cloud break than they scurried to higher ground, hoping to ride out the struggle. Like all true Christians, when the earth begins to shake, they look skyward for deliverance. They confess a change of heart while still supporting the administration's policies. They well know what is meant when it is said, "as the sun sets on your bloated master's careers, go and seek your graves in history by the torch of the national liberation struggles...

Author: By Wesley E. Profit, | Title: The Hell You Say | 10/8/1974 | See Source »

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