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...than prevent a depression. If employers responded to a fall-off in demand by slicing wages and dumping workers, said Keynes, that would only reduce incomes and demand, and plunge production still deeper. If bankers responded to a fall-off in sayings by raising interest rates, that would not tempt penniless people to save more?but it would move hard-pressed industrialists to borrow less for capital investment. Yet Keynes did not despair of capitalism as so many other economists did. Said he: "The right remedy for the trade cycle is not to be found in abolishing booms and keeping...

Author: /time Magazine | Title: The Economy: We Are All Keynesians Now | 12/31/1965 | See Source »

Seldom had the leader of a free society treated his nation with such con tempt. Last week as Charles de Gaulle delivered himself of his long-awaited decision to run again for the presidency, few Frenchmen were surprised, but all France might well have felt insulted by his reasoning. "Should the public's frank and massive support call on me to remain in office," De Gaulle de- clared, "the future of the Republic will be resolutely assured. If not, no one doubts that it will immediately collapse, and that France will undergo - this time without possible recourse - a national...

Author: /time Magazine | Title: France: Apres Moi, la Confusion | 11/12/1965 | See Source »

...white Los Angeles, Watts is as much as ever a far country, inacces sible, invisible, incomprehensible. Yet in the six weeks since the ugliest riots in U.S. history made Watts a household word, city, state and federal agencies have worked overtime in a belated at tempt to understand and help the Negro community...

Author: /time Magazine | Title: Los Angeles: The Far Country | 9/24/1965 | See Source »

Goldin will try to contact other national figures on the Washington journey, and if he can get them to come out against the microcosmic Aliston project, the publicity generated will certainly make it very tough on Mayer Collins. And it will sorely tempt more local officials to link their names to the growing list of those coming out in favor of the tiny group at North Harvard. The issue could approach the status of Motherhood as something a politician had better be in favor...

Author: By A. DOUGLAS Matthews, | Title: Renewal Fight May Stir Mass. Politics | 8/16/1965 | See Source »

...amoral heroine, Julie Christie offers her polished surface to the camera in a chic, showy performance that floods nothingness with light. When she entertains a bid from Harvey, walking barefoot atop a boardroom conference table in tantalizing finery, Christie evokes an image of corruption that might well tempt a gentleman to corporate risks. She is the apotheosis of trumped-up celebrity, an authentic contemporary creature whose every misstep makes thousands leer. Because her passions are only skin-deep, her tragedy is trivial. But at every toss of her blonde mane, every shard of a smile, all else on the screen...

Author: /time Magazine | Title: Cinema: Playgirl's Progress | 8/13/1965 | See Source »

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