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Even Conservative apologists like Peregrine Worsthorne in the Daily Telegraph and the editors of the influential Economist have publicly cast doubt on whether British business will be adept enough in responding to the 'Spirit of Proposition 13" to produce the necessary growth on its own. There are fears of a repeat of 1971-72, when similar incentives from the Conservative government of Edward Heath merely produced property speculation, a record low in productive investment and an inflationary consumer boom. The Tories have claimed they will provide some of the money by allowing private investment in state-run industries--but this...

Author: By Gordon Marsden, | Title: Britain Under the 'Iron Lady' | 5/7/1979 | See Source »

...gray and wet, adding a touch of gloom to the usual anxiety in the New York air. High atop the American Telephone and Telegraph (AT & T) building, chairman of the board John deButts has a commanding view of the World Trade Centers. The rest of the building, as far as I can tell from the lobby and the hallways, seems to be a cross between a medieval castle and the Pentagon. The lobby is crowded with simple Roman columns, which part to reveal a statue set into the marble wall. It is the figure of a man with...

Author: By Andrew P. Buchsbaum, | Title: Minding Everybody's Business | 4/12/1979 | See Source »

...Collection Center for Captured Vietnamese," as the Chinese quaintly called the first camp, was located at Baise in the Guangxi Zhuang Autonomous Region, some 60 miles north of the Vietnamese border. At first sight, reported one of the English-language journalists present, Nigel Wade of the London Daily Telegraph, it resembled nothing so much as a busy secondary school during recess. Prisoners in Chinese-supplied blue suits and caps were playing soccer, badminton and tug-of-war. The food seemed plentiful and nutritious. There was no barbed wire or watchtower, and only one visible armed sentry, at the main gate...

Author: /time Magazine | Title: SOUTHEAST ASIA: The Battle of Words Continues | 4/9/1979 | See Source »

...known as China) decreed that in all its foreign-language publications Pinyin would replace the traditional Wade-Giles system of romanization. Agencies of U.S., British, French and other Western governments subsequently followed suit, as did news media around the world, including TIME. (One notable exception: London's Daily Telegraph, which until January of this year still quaintly referred to Iran as "Persia"). Readers of newspapers and magazines were being forced to puzzle out such Sinological oddities as Guangzhou (Canton), Xizang (Tibet) and Nei Mong-gol (Inner Mongolia...

Author: /time Magazine | Title: World: Pinyin Perils | 4/2/1979 | See Source »

...West German Chancellor Helmut Schmidt, a frequent critic of Carter: "Very good news. Well done. It's a great relief." A top British official said, "Carter deserves praise. The risks were great, but in the post-Iran situation, the risks of doing nothing were greater." Editorialized London's Daily Telegraph: "A peace treaty between [Egypt and Israel] will have a tremendous potential." The only completely sour notes were heard from some of Sadat's fellow Arab leaders and the Kremlin. Protested the Soviet Communist Party daily Pravda: "This is an abandonment [by Sadat] of the defense of the interests...

Author: /time Magazine | Title: Peace: Risks and Rewards | 3/26/1979 | See Source »

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