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...worse, she totally glosses over any political explanation for his decisions about Vietnam. By strictly adhering to a psychobiographical analysis, she denies the frame of reference provided by the Pentagon Papers, and their interpreters. A far more logical explanation for some of Johnson's moves--the desire to stave off a defeat through stalemate until the next election, put forward by Daniel Ellsberg in his 1971 essay "The Quagmire Myth and Stalemate Machine"--is totally ignored...

Author: By Jim Cramer, | Title: A Bedtime Story | 6/4/1976 | See Source »

...term as Chancellor was less distinguished. Casting himself as a sort of monetary St. George, he led the costly and ultimately unsuccessful struggle to stave off devaluation of the British pound during the first Wilson government in 1967. At the time, one of his Cabinet colleagues complained: "Jim was a pushover for the treasury mandarins. He simply did not have the intellectual equipment to overrule their traditionalist advice." But Callaghan has a shrewd sense of grass-roots opinion, and in the words of one junior minister, he "knows what the ordinary bloke will wear and not wear." He enjoys more...

Author: /time Magazine | Title: The World: The Top Four in the Labor Race | 3/29/1976 | See Source »

...first, Wilson's posture was relatively orthodox, especially his stubborn three-year struggle to stave off devaluation of that national totem, the pound. After the failure of that costly effort, Wilson more and more found himself locked in a battle with his party's leftists. Turned out of power in 1970, he began tending his frayed ties with the unions and the Labor left as he watched Tory policies lead to a confrontation with the unions that nearly paralyzed the country. In his election campaign of 1974 he promised to restore labor peace with a "social contract" providing...

Author: /time Magazine | Title: The World: Man for a Season of Decline | 3/29/1976 | See Source »

...billion outstanding in foreign loans, many of them coming due soon. The U.S. and the European Economic Community are insisting on tough anti-inflationary policies, including wage restraint, as a precondition for granting more credit. The Italian government fears that unpopular austerity is hardly the way to stave off Communist ambitions to participate in the government...

Author: /time Magazine | Title: MONEY: Drowning in a World of Floating Values | 3/22/1976 | See Source »

...explosive tandem of Bill Carey and Brian Banks, the Crimson hopes to stave off a repeat of last year's 86-78 shellacking at the hands of B.C. in the final. In that contest, the Eagles' Wilford Morrison swarmed the Crimson defense with 31 markers and Bob Carrington clicked for 27. Cyrus Booker netted 20 points and Carey shot 9-15 from the floor to supply the Crimson's fireworks. This season, Carey has been scoring at a 17 point-per-game clip while Banks has carded a 13.8 average and scoured the boards for close to 14 rebounds...

Author: By Robert Sidorsky, | Title: Cagers Host B.C. Eagles In Annual Beanpot Clash | 1/13/1976 | See Source »

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