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...economy is no longer boiling, it is still hot. One symptom is that prosperous American consumers are buying rising quantities of goods from abroad; by the National Foreign Trade Council's estimate, the U.S. this year will export only $4 billion more merchandise than it will import, the smallest export surplus since 1959. That shrinkage alone could easily hike the U.S. balance-of-payments deficit this year from its $1.3 billion...

Author: /time Magazine | Title: The Economy: No Longer Boiling But Still Hot | 7/15/1966 | See Source »

...sailing hull rotted by age and neglect. Repaired, refitted and baptized on fresh-water shakedown cruises, Tinkerbelle slipped her moorings at Falmouth, Mass., on June 1, 1965. Seventy-eight days and 3,200 miles later, the 13½-ft. sloop touched shore in Falmouth, England, the smallest sailing craft ever known to have crossed the Atlantic...

Author: /time Magazine | Title: Books: The Sociable Ocean | 7/8/1966 | See Source »

...most likely of his race, after Thurgood Marshall, to reach the Supreme Court. If he does, he will take with him some exceptional experience in the art of keeping cases moving. So efficient is the Eastern Michigan court that the backlog on its docket is just about the smallest of any major federal district court...

Author: /time Magazine | Title: Judges: Doing Better by Themselves | 6/3/1966 | See Source »

...Gerber to dash off such happy greetings is slipping. The Bureau of Natality of the Department of Health, Education and Welfare reports a consistent drop in the U.S. birth rate since 1958 (TIME, May 6); last year it sagged 7%, and the total of 3,800,000 was the smallest in 15 years. Understandably, Mrs. Gerber and her husband's industry are beginning to fret. The newest item on the fret list of the baby-food business is the growing popularity of "the pill." The baby-food people still just seem to hope that it will somehow go away...

Author: /time Magazine | Title: Industry: Mother & the Pill | 6/3/1966 | See Source »

...figures released for April indicated that some of the swell was gone from the inflationary balloon. Unemployment was more or less static at 3.7%. Durable-goods orders declined 3% to $23.9 billion, and housing starts, after a good March, dropped 4%. Industrial production was up, but it was the smallest gain since last September...

Author: /time Magazine | Title: The Economy: Watching the Weather Vane | 5/27/1966 | See Source »

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