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...economic experiments of recent years have been more controversial than the Government's economic guidelines, those rule-of-thumb efforts to tell U.S. workers and businessmen how much they can raise prices and wages without bringing on inflation. The Council of Economic Advisors created the guidelines* three years ago, basing them on the doctrine that U.S. wages should rise only as fast as improving technology allows industry's output per man to grow. The council's conclusion, based on long-term estimates of productivity: prices and wages should not rise more than 3.2% annually. The guidelines have...

Author: /time Magazine | Title: Government: Embattled Guidelines | 9/10/1965 | See Source »

...Santa Rosa Press-Democrat, he had helped out in his spare time in the vineyards and chicken houses on his mother's 50-acre ranch in the Napa Valley region of California. Now, on his suburban acreage in Westchester County, he is trying his not-necessarily-so-green thumb on apples (nine on the bough this year) and raspberries (a nice spoonful...

Author: /time Magazine | Title: A Letter From The Publisher: Sep. 3, 1965 | 9/3/1965 | See Source »

Diverted Thief. The answering machines are only mildly Buck Rogerish compared with Marcom Inc.'s call diverter. A thumb wheel is set with the number where the owner will be, and incoming calls are transferred there. Lawyer Melvin Belli has one, switches early-morning calls to the hamburger stand where he breakfasts. And since the call is transferred without the caller's being any the wiser, the device should be a boon to wayward husbands or junior executives who have slipped out for a quick pick...

Author: /time Magazine | Title: The Telephone: Hello, Is Anyone There? | 9/3/1965 | See Source »

Household Word. Far from bowing down to Orville, the milling and baking industries banded together with unions in an outfit called the Wheat Users Committee. Led by Maurice Rosenblatt, an astute professional lobbyist with a green thumb for controversy, the committee printed 5,000,000 pamphlets attacking the proposed "bread tax," a phrase that became a household word overnight. The pamphlets, distributed free at supermarkets around the U.S., explained that if the wheat plan were passed, housewives would soon be paying more for bread as well as for flour, crackers, cookies and cereal. Before long, outraged mail against the wheat...

Author: /time Magazine | Title: Agriculture: AGRICULTURE Buttering the Bread Tax | 8/27/1965 | See Source »

...return the car as close to factory condition as possible. Many of the cars are rescued from the junk heap; others are bought from philistines who have put in engines from other cars and replaced original with makeshift parts. To discover how the car once was, restorers thumb through old Ford service booklets, then set out to find the missing parts. Many are found at the restorers' annual swap. A perfectionist who had been looking for five years for a i-in. front-seat adjusting screw picked one up at Dearborn last week for $5. Show Race. Next...

Author: /time Magazine | Title: Hobbies: The Durable A | 8/20/1965 | See Source »

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