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...staunch defender of Richard Nixon during the Senate Watergate committee hearings, Gurney had seemed politically doomed by the trial. But after the verdict, he confidently declared that a return to politics "is an option." His other options: retiring to private law practice or writing about his trial in what he modestly heralds as "one of the greatest books in the history of American jurisprudence." In the meantime, he faces a bill for his legal defense that is estimated...

Author: /time Magazine | Title: TRIALS: Fresh Start for Gurney | 8/18/1975 | See Source »

Though Smith was a quiet scholar, he was scarcely bloodless. He comes fully alive in his writings as a skeptical observer of human nature, a staunch advocate of political as well as economic liberty, and now and then something of a deadpan Scottish wit. Much of The Wealth of Nations is unreadable today, but the browser comes across unexpected bits of phrasemaking-for example, the first description of England as "a nation of shopkeepers." It was no compliment; Smith complained that only such a nation could follow so mean-spirited a policy as Britain's colonial exploitation...

Author: /time Magazine | Title: Business: The Revolutionary of Oeconomy | 7/14/1975 | See Source »

...with only a small coterie of close friends and advisers. The closest is Sayed Marei, 60, a wealthy landowner whose son is married to Sadat's daughter Noha. At Sadat's insistence, Marei was named head of the People's Assembly, despite vigorous protests against his staunch upper-class conservatism. Also close to Sadat is Premier Mamduh Salem, 57, a former policeman who endeared himself to the President in 1971 by arresting the then Vice President Ali Sabry, a Communist sympathizer, on charges of plotting to overthrow the President. Since then, Sadat has had a record...

Author: /time Magazine | Title: MIDDLE EAST: A Watershed Week for Egypt's Sadat | 6/9/1975 | See Source »

...vote. In a sermon at St. Paul's Cathedral, the Bishop of London tried to elevate the level of debate. Taking his text from the Gospel of St. John ("There shall be one fold and one shepherd"), the bishop implied that the Lord himself was a staunch pro-Marketeer...

Author: /time Magazine | Title: BRITAIN: Sheep to the Fold | 6/9/1975 | See Source »

...Incentives. Okun, in addition, favors relatively modest new revenue-sharing aid to states and cities that are now being forced to lay off workers, cut services and raise taxes. In an unusual proposal for a staunch liberal, Nathan suggests special tax incentives to selected industries so that they could speed up investment in such things as oil-pipe plants and coal transport and build storage facilities to hold a year's stockpile of oil as insurance against another Arab embargo...

Author: /time Magazine | Title: OUTLOOK/BOARD OF ECONOMISTS: The Upturn: Sensational, But Lousy | 5/26/1975 | See Source »

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