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...York area's Fairview Country Club-have sold out to developers, either to reopen at a less costly location or to distribute the profits to members and close altogether. Most clubs have elected to pass on the costs of higher taxes to members in the form of stiffer dues and sometimes year-end assessments. Quite a few companies gave up the practice of paying club dues for their executives during the recession and still have not loosened up on that policy...

Author: /time Magazine | Title: SERVICES: Rising Club Handicap | 10/23/1972 | See Source »

Seagren had to go into the finals with an unfamiliar (and visibly stiffer) pole. Straining and pressing for all he was worth, he failed in three attempts to clear 17 ft. 10½ in. Wolfgang Nordwig of East Germany topped 18 ft. ½ in. to pick up the gold medal, leaving Seagren fuming with a silver. The usually easygoing U.S. vaulter thrust the pole into the hands of an I.A.A.F. official and turned away angrily from Nordwig's extended hand. Seagren returned to shake hands, but his anger was scarcely concealed. "The only difference between the pole...

Author: /time Magazine | Title: Sport: Dampening the Olympic Torch | 9/18/1972 | See Source »

...situation was further confused because the Senate had passed a less restrictive antibusing measure and the House had earlier passed a far stiffer one. Through 19 meetings between conferees from both chambers, neither side had compromised. The House had taken the unprecedented step of twice instructing its conferees to stick by the House version. But in the end they had yielded and agreed to a middle-road measure. This compromise had swiftly passed the Senate, and was before the House for final action. At the end of the roll call, the yeas led by only 145 to 139, but then...

Author: /time Magazine | Title: THE CONGRESS: Antibusing Compromise | 6/19/1972 | See Source »

...meet their manufacturers' claims. But the commission's remedy is dramatic. Its proposed order would prohibit any further misrepresentation and require disclosure in advertising of the presence of aspirin or caffeine, which could worsen the condition of some patients. Penance for past sins would be even stiffer. In a drastic application of the "truth-in-advertising" doctrine, the FTC wants drug companies to devote 25% of their advertising expenditures during the next two years to ads correcting the claims now under challenge. At the manufacturers' present advertising budgets, that would mean about $40 million over two years...

Author: /time Magazine | Title: Medicine: Headache Remedy | 5/1/1972 | See Source »

...even closing down some plants in basic industries-notably autos, steel, oil, electric power and coal mining-when they violate federal pollution or job-hazard standards. By 1975, federal officials will be responsible for almost as many basic decisions in auto design as the auto companies' engineers. Stiffer regulation, however, is not a constraint on free enterprise. In an increasingly large and complex economy, regulation is what prevents the pursuit of profit from leading to harmful products, destructive dis-economies like pollution, the exploitation of customers and other threats to the stability of the business system...

Author: /time Magazine | Title: Time Essay: The Future of Free Enterprise | 2/14/1972 | See Source »

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