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...package-the maximum allowed under its Phase III wage and price controls. That would represent a 16.5% wage rise for the miners, who average between $66 and $92 a week; they are asking for a 33% rise. Heath says that such a pay increase would be inflationary and would tempt workers in other industries to demand similar boosts. The miners responded by pointing out that the fact they must work overtime to keep the nation afloat indicates the inability of the National Coal Board to maintain an adequate working force because of present low wages. Asked if a settlement...

Author: /time Magazine | Title: BRITAIN: On a Three-Day Work Week | 1/14/1974 | See Source »

...such an environment, the traditional tools of economic management are no longer enough to keep the economy in good health. Heavy government spending and increases in the money supply that boost demand are more likely to tempt employers to bid up the wages of skilled workers than to hire the unskilled jobless. Cutting back the flow of money to the economy can produce a shallow recession, but as Americans learned in 1970, prices are likely to keep rising rapidly anyway...

Author: /time Magazine | Title: Business: Back to the Dismal Science | 1/14/1974 | See Source »

...might seem a bit ridiculous, but it was strong enough to survive many storms. Social critics might, and regularly did damn the high-powered car as a strangler of cities, fouler of the air and catalyst of a blighted landscape of junkyards, filling stations and hotdog stands. Foreigners might tempt with siren songs of durability and economy, and lure no small number of Americans into dalliance with a Volkswagen or Toyota. Even the average driver in the last decade or so might grumble at his beloved during a traffic jam or on the day that the insurance premium came...

Author: /time Magazine | Title: AUTOS: The Painful Change to Thinking Small | 12/31/1973 | See Source »

...HAVE TO ADMIT THAT MACBETH might have something to do, these days, with electronic sound apparati, but there's no need to push the point. The relevant equipment is certainly not the stuff they use backstage at the Loeb, although those toys would tempt anyone to tyranny, and I sometimes think, have put the electricians in charge over there. But I only mention this as a warning: Director Emily Mann seems to have kept the play mostly honest, except for a few damned spots like the prophetic mike in the witches's cauldron or wherever the hell the unintelligible thing...

Author: By Phil Patton, | Title: 'Snares of Watchful Tyranny' | 12/1/1973 | See Source »

...doubled its price, to $7.20 per bbl. In the past three weeks, Nigeria's has almost doubled, to $8.40 per bbl., and Indonesia's has increased 20%, to $6 per bbl. Price controls on U.S.-produced petroleum will be slowly loosened in the near future in order to tempt oilmen to expand exploration and boost supplies. Rising oil prices will lift the cost of such other fuels as propane, natural gas and even coal...

Author: /time Magazine | Title: ENERGY: The Arabs' New Oil Squeeze: Dimouts, Slowdowns, Chills | 11/19/1973 | See Source »

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