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...tidal wave of orders that is clogging production lines and slowing shipments. Such industries as steel, lumber and aluminum are operating at or close to capacity. In addition, more and more manufacturers with available space and equipment are unable to crank up facilities fast enough to meet the torrent of new business. The results are spreading shortages and a sharp upswing in industrial prices. These are classic symptoms of demand-pull inflation, in which too many dollars chasing too few goods bid up prices and wages until the economy bursts into a recession...

Author: /time Magazine | Title: PRODUCTION: A Troubling Tidal Wave | 5/21/1973 | See Source »

...cannot provide a substitute for the patient research required to give the American people and their leaders a broader idea of China's political, economic and cultural process. It would not be an exaggeration to say that on all too many occasions, discussions on China become submerged in a torrent of acupuncture needles...

Author: By Jim Blum, | Title: A Liaison For What? | 5/3/1973 | See Source »

...countrymen as few issues have done in recent years: compensation for some 400 children who were born deformed after their mothers took the tranquilizer thalidomide between 1958 and 1961. Belatedly awakened to the financial as well as the physical plight of the children, Britons have responded with a torrent of outrage directed at the former distributor of the drug, giant Distillers Co. Ltd. More important, perhaps, the outcry appears to have forced a widespread public examination of the outdated laws and traditions that allowed what the Sunday Times called a "national shame" to go so long unnoticed and unredressed...

Author: /time Magazine | Title: BRITAIN: The Thalidomide Affair | 1/22/1973 | See Source »

...rubble of the old. Survivors are already starting to return to their jobs; 70% of the Managua area's industry survived the quake. Somoza's dreams of a $1 billion reconstruction effort may not be farfetched; the first trickle of what promises to be a torrent of foreign aid began last week with a $12.5 million loan from the Washington-based Inter-American Development Bank. Says Wendell Belew, Commercial Affairs attache in the U.S. embassy: "We might even see an economic boom in a few months with all the construction that will be going...

Author: /time Magazine | Title: NICARAGUA: Bracing for the Aftershocks | 1/15/1973 | See Source »

...officials say they never intended to assess all the data received, but only wanted to have them made available. In any case, officials say that the agency simply does not have the staff to evaluate claims in the torrent of alleged "substantiation" pouring in on it. It has, however, stimulated some consumer groups to act on their...

Author: /time Magazine | Title: ADVERTISING: The Elusive Truth | 9/4/1972 | See Source »

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