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There is less reason for optimism about prices. High wage demands are certain, a tax increase a possibility. Corporate profits are expected to grow, but at the slowest rate since 1961. Johnson appealed to both labor and management to avoid a "disastrous" chain reaction of wage-price rises, while the CEA put most of the onus on business: "The public interest requires that producers absorb cost increases to the maximum extent feasible." At least 700 union contracts are up for negotiation this year; the outcome can only be guessed...

Author: /time Magazine | Title: The Economy: Qualified Optimism | 2/3/1967 | See Source »

...would not be Latin if it did not include a few thorns. For one thing, it comes at a time when many predict that the country is headed for a recession. The tightness of credit has dried up cash, and consumers have little to spend. Christmas shopping is the slowest in memory. Worse still is the spreading fear that all the foreign money means that Brazil is losing its national identity. American advisers are so much in evidence at the economic ministry that Brazilians bitterly joke that more English than Portuguese is spoken there. Some nationalists consider Roberto Campos...

Author: /time Magazine | Title: Brazil: Back with Backing from Abroad | 12/16/1966 | See Source »

Prix Driver (and 1962 champion) Graham Hill, 37, who on his first try at Indy ground around the course at an average speed of 144.317 m.p.h., the slowest since...

Author: /time Magazine | Title: Auto Racing: A Dodgem Game | 6/10/1966 | See Source »

...spacecraft travel, this was surely the slowest trip on record-nine hours to cover all of 3½ miles. But as it moved from NASA's Vertical Assembly Building to launch pad 39-A at Cape Kennedy last week, the mammoth Saturn 5 rocket, an engineless version of the vehicle that will take the first U.S. astronauts to the moon, crawled through an impressive catalogue of superlatives. This was the largest rocket in the world, emerging from the largest building in the world, to travel on one of the largest self-propelled land vehicles in the world...

Author: /time Magazine | Title: Space: Crawling Toward the Moon | 6/3/1966 | See Source »

Anybody Can Do 150. It will certainly be the fastest. A few years ago, an average speed of 150 m.p.h. on the poorly banked 21-mile oval seemed the ultimate. Last week, at the qualifying trials, the slowest car screamed around the "Brickyard" at 157.9 m.p.h., and one driver sighed, "Heck, anybody can get in a car and go 150 m.p.h." The problem is avoiding a sudden stop...

Author: /time Magazine | Title: Auto Racing: Safe at Any Speed? | 5/27/1966 | See Source »

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