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...overriding mood of the White House was one of urgency?with good reason. So far, the Administration has relied heavily on the tight-fisted money policy of the Federal Reserve Board to temper prices. That policy has lifted interest rates to towering levels and thus attracted massive amounts of money out of the mortgage market, put an enormous strain on banks and credit, and generally slowed production?without even denting inflation. Growing doubt among investors about the Administration's ability to control the economy has sent the stock market into a frightening slump. The Dow Jones industrial average has plunged...

Author: /time Magazine | Title: INFLATION: Ford's Plan: (Mostly) Modest Proposals | 10/14/1974 | See Source »

...would be up against a stacked deck, Colby shrugged: "There's nothing wrong with accountability." The conference was dominated by critics like Ellsberg, who harangued Colby for 20 minutes, and Fred Branfman of the Indochina Resource Center, who accused the director of telling "outrageous lies." Colby kept his temper...

Author: /time Magazine | Title: INTELLIGENCE: The CIA: Time to Come In From the Cold | 9/30/1974 | See Source »

...wrongdoer, no matter how highly placed, repent before he is forgiven. King David of Israel, warned by the prophet Nathan of impending punishment for his crime in stealing Bathsheba, threw himself into days of fasting and prayer to avert divine wrath. King Henry II of England, whose burst of temper led to the murder of Thomas a Becket, submitted to a barebacked scourging by the monks of Canterbury as part of his penance for his complicity in the crime. Such dramatic mortifications may have sometimes masked a lack of genuine contrition in the sinner, but they were at least impressive...

Author: /time Magazine | Title: Time Essay: The Theology of Forgiveness | 9/23/1974 | See Source »

...problems that trouble the U.S. today are complex and interrelated in unexpected ways. To plumb and analyze them, TIME Soundings will report quarterly on the mood, temper and outlook of Americans. Soundings consists of a series of political and social indicators that were developed for TIME by Yankelovich, Skelly & White, Inc. The report differs from more traditional opinion polls in two respects: 1) Soundings not only measures shifts in public opinion but also tries to monitor the underlying trends that produce sea changes in public attitudes, and 2) the indicators are based on an amalgam of responses to hundreds...

Author: /time Magazine | Title: Time: How the Soundings Were Taken | 8/26/1974 | See Source »

...government lies the right to disagree and to have that disagreement voiced and voted. Although he has been a major political figure for many years, Ford has a minor ego that does not get in the way of his politics. Like most men of action, he has a temper, but the bouts pass quickly. He does not indulge lasting grudges; an enemies list would be unthinkable to him. "I have had lots of adversaries," he says, "but no enemies that I can remember...

Author: /time Magazine | Title: THE NEW PRESIDENT: A MAN FOR THIS SEASON | 8/19/1974 | See Source »

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