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...there would be no point to the freeze in the first place. All the gains would evaporate at once; prices would rise sharply to make up for the hold-down, and wages would jump to keep pace. The federal official charged with special responsibility for Phase 2 is Herbert Stein of the Council of Economic Advisers, an outspoken economist who was a vigorous opponent of wage-price regulation only a few months...

Author: /time Magazine | Title: The Economy: Nixon's Grand Design for Recovery | 8/30/1971 | See Source »

...Last and the First is even sparer than most Compton-Burnett. At times the dialogue sounds eerily like Gertrude Stein's: "It is what it is and would be." All signs of movement are auditory. One knows a character has entered a room when he joins the conversation -an easy transition, since he has usually been eavesdropping outside. There is absolutely no small talk or incidental detail in Dame Ivy's novels. There are, however, plenty of conversational bromides: the author delighted in characterizing her villains by making them overly fond of banal phrases. "The yoke...

Author: /time Magazine | Title: Books: Household Tyrants | 8/16/1971 | See Source »

...both Kennedy and McGovern on the left. The former Minnesota Senator met recently for a strategy session with two groups of potential financial backers in New York, and some participants were certain that the unpredictable politician is going to compete in the Democratic primaries again. At the meetings Howard Stein, chairman of the Dreyfus Corporation and an angel for his 1968 run, and others indicated that if McCarthy does run, the money will be there...

Author: /time Magazine | Title: DEMOCRATS: Is McGovern a Stalking Horse? | 8/9/1971 | See Source »

...name is Adam Stein, and he is a kind of W.C. Fields of the Jews. Once he was Europe's greatest clown, and more than that, a clairvoyant who could tell the history of anybody in the audience from a piece of cloth held in his hand, read whole books through their covers, and even, just by looking into a man's eyes, tell that he had quarreled with his wife the night before. Chatting about a movie, he would automatically register that the hero spoke 4,266 words of dialogue (v. the heroine...

Author: /time Magazine | Title: Books: Rags and Bones | 7/19/1971 | See Source »

...much for temporal hell remembered. Stein's present haven is an institute established by an eccentric Cleveland widow persuaded that God was conceived in the desert by prophets who were themselves psychotics. As a fanatic inmate explains: "We were a nation, a nation that betrayed its God. And we paid the highest price possible -we became smoke and ashes." And all those who returned are, in Kaniuk's idiosyncratically mordant view, insane. During the day they live well. They are allowed to work, make money, build houses, enjoy the illusion of progress. But at night they have nightmares...

Author: /time Magazine | Title: Books: Rags and Bones | 7/19/1971 | See Source »

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