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Growth v. Stability. The economic policies of 1966 will be determined most of all by one factor: the war in Viet Nam. Barring an unexpected truce, defense spending will soar so high ?by at least an additional $7 billion?that it will impose a severe demand upon the nation's productive capacity and give body to the specter of inflation. Keynes feared inflation, and warned that "there is no subtler, no surer means of overturning the existing basis of a society than to debauch the currency." Once chided for undertipping a bootblack in Algiers, he replied: "I will...

Author: /time Magazine | Title: The Economy: We Are All Keynesians Now | 12/31/1965 | See Source »

...There were times when I felt like killing David," Julie Christie confesses. But she also admits that, as an actress disciplined in underplaying roles, she was taught to soar by Lean. "David would say to me, 'None of that timid sort of stuff.' So I let myself go. I went over the top. It was exciting...

Author: /time Magazine | Title: Movies: Oscar Bound | 12/24/1965 | See Source »

When astronauts eventually soar be yond the moon to explore the distant planets, they will find Jupiter a dangerous place to visit. Even if they manage to withstand the tremendous pull of Jupiter's gravity and survive the frigid atmosphere of ammonia, methane, hydrogen and helium, they may well perish in the gigantic storms that sweep the planet every decade...

Author: /time Magazine | Title: Astronomy: Storms on a Mixed-Up Planet | 12/17/1965 | See Source »

...University of Southern California ('53), Carlsberg ran a profitable entertainment magazine, then began renovating old houses and investing his savings in land. He was fascinated by the fast spiral in prices, but astounded to discover that few experts thoroughly researched the factors that made values soar. Says he: "Ninetynine percent of the real estate agents didn't know what they were talking about...

Author: /time Magazine | Title: Millionaires: How They Do It | 12/3/1965 | See Source »

...difficulties, wages continue to soar. In Germany they have risen 7.5%, while productivity has risen only 2.5% . In Britain, pay has gone up 8.6% in the last year v. 4% for productivity. Since their rich year of 1960, earnings of German steel companies have slipped a total of $450 million. French firms this year and last had to issue $196 million in bonds to cover costs. Not surprisingly, only the Italians are making significant profits...

Author: /time Magazine | Title: Western Europe: Hard Times for Steel | 12/3/1965 | See Source »

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