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...Schultze's problems is that the CEA is among Washington's smallest bureaucracies: its staff numbers only about 45, including 25 economists. The result, says Washington Economist Gary Fromm, is that "the CEA cannot anticipate problems and prepare long-range analysis. Without a bigger staff, it has to shoot from the hip." Fromm has recommended doubling the staff, and Schultze has promised to consider the idea. At his present pace, it is difficult to forecast when he will have the time...

Author: /time Magazine | Title: Business: A Starring Role for the CEA? | 2/7/1977 | See Source »

...some critics of Detroit to believe, mistakenly, that the American public's longstanding love affair with the auto was ending. Second, buyers turned away from foreign cars to snap up the American makes. Import sales actually declined in 1976 to 14.3% of the total market, their smallest share in four years. Two reasons: imports are heavily concentrated in no longer popular small cars, and the rising value of the German mark and the Japanese yen has pushed prices up sharply...

Author: /time Magazine | Title: AUTOS: Moving on a Fast Track into 1977 | 1/17/1977 | See Source »

...element, one of the irreducible components of the universe, along with air, fire, water and earth. It was also an element of society. There, and even more so in Japan, civilized life was inconceivable without wood, which furnished a world of artifacts, from the largest temple to the smallest lacquered...

Author: /time Magazine | Title: Art: Wooden Priests, Painted Dragons | 1/17/1977 | See Source »

Investors can participate in the Aggressive Investors' Investment Club. A minimum of $100 is the smallest sum that is part of the pool used to buy stock in $5000 blocks...

Author: By Deborah Gelin, | Title: Student Enterprise Ends Year With Profit of $17,000 | 1/10/1977 | See Source »

Whatever his other phobias, Hughes did not suffer from claustrophobia. His bedroom was the smallest on the penthouse floor. It measured only 15 by 17 feet ("infinite riches in a little room"), considerably smaller than the usual "master" bedroom in a low-priced tract house. Even this meager lebensraum was further cramped by stacks of newspapers and magazines...

Author: /time Magazine | Title: The Nation: Scenes from the Hidden Years | 12/13/1976 | See Source »

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