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John Maynard Keynes pronounced, in copybook style: "The engine which drives Enterprise is not Thrift but Profit." He might also have pointed out that profits revolve in a self-regenerating cycle, providing the impetus for new and expanded ventures, which in turn crank out more profits. When earnings are high, employers can afford to be generous with pay raises. Profits are also the major force that sends the stock market up-or, in their absence, down. And the market's performance has much to do with the hopes and disappointments of the 26 million Americans who own stock...

Author: /time Magazine | Title: Business: THE FIRST SIGNS OF A SLOWDOWN | 5/9/1969 | See Source »

...powers to cure the mad. The date of her canonization is uncertain, but in the 13th century a chapel in Geel was named for her. Mentally afflicted pilgrims to the chapel soon overflowed the small lodge built to house them, and the Geeloise peasants, cannily combining religious devotion with thrift, began to take the pilgrims as boarders...

Author: /time Magazine | Title: Mental Illness: A Town for Outpatients | 3/14/1969 | See Source »

Uniformed Individuality. To Designer Edie Gladstone, the trend means the end of the "investment dress," which costs so much that a woman feels she has to wear it repeatedly to justify the outlay. To TV Actress Kathryn Leigh Scott, 23, it means making her own clothes and rummaging through thrift shops for old materials and accessories. Fashion Writer Caterine Milinaire, 25, one of Manhattan's most creative dressers, is also a scavenger; her costume for a recent charity ball consisted of an old, loose-fitting Israeli dress that she picked up in London. "I guess I looked funny...

Author: /time Magazine | Title: Fashion: Instant Originals | 10/25/1968 | See Source »

...highest power sources, he has written a book entitled Think Clear or Die. He wants to apply systems analysis and game theory to the national diaper rash; yet he has the touch of a hip nightclub comic: "I hate to break the news to you, Edsel baby, but thrift went out with Little Orphan Annie and her anal-retentive boxtops...

Author: /time Magazine | Title: Books: Anti-Youth Movements | 8/2/1968 | See Source »

...Paradise Valley. But each evening and in one day-long concluding session, Father Gavin divided them into small groups, confined them to a room for tension-producing "sensitivity training" in which the only conversation permitted was the emotional reaction to their experiences. Mrs. Robert McCarty, wife of a Phoenix thrift-store-chain manager, said that she had thought she "wouldn't want to sit and eat with unshaven, dirty people." But in doing so at a mission for derelicts, she had discovered that "they're not really so different-just worse off." Otis Garnand, an auto-parts dealer...

Author: /time Magazine | Title: Teaching: Poverty War College | 7/12/1968 | See Source »

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