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...1970s have hardly been a happy time for the American Captain of Industry. Pressed hard by environmentalists, consumer activists and Government regulators, he is now coming under fresh attack from trustbusters in the Justice Department, the Federal Trade Commission and the Congress. All are considering ways to expand and toughen the nation's 90-year-old antitrust laws. The new activism, besides making lawyers rich and executives apprehensive, is raising some of the most fundamental questions about the social and political power and the function of U.S. corporations. The basic themes are as old as the debate between Jeffersonians...

Author: /time Magazine | Title: Business: New Thrust in Antitrust | 5/21/1979 | See Source »

While the agreement is a step backward for the cause of peace, it has some positive results in that it will toughen the Palestinians in their confrontation with the Israelis and assure the success of revolution against reactionary regimes. From the American standpoint, the agreement will have a negative result: increasing enmity toward the U.S. and bringing the Arabs closer to the Soviet Union. But for ourselves, for us Arabs, that is a positive result. Why should we be closer to the Soviets? Because the Americans have challenged us. America is involved in a conspiracy [against the Arab world], primarily...

Author: /time Magazine | Title: World: An Interview with Gaddafi | 4/9/1979 | See Source »

...boys' parents, sitting together after the fight. "They're good friends and fighting all the time anyway," grins Shawn's father, Victor, 28, a carpenter. "I think it will help them mature." Adds Dan Casarez Sr., 27, a Tucson truck driver: "It'll toughen them up. I'm learning to box here too, so I can teach this guy. He'll be my champion...

Author: /time Magazine | Title: In Arizona: Pleasure and Pain from Disco Punches | 10/30/1978 | See Source »

Nothing unnerves businessmen more than the Carter proposal to toughen the treatment of capital gains, and tax them at the same rates as salary income. Such a change would further hamper capital investment, which is crucial to economic progress and job creation. This centerpiece of the tax program is the most likely to be deferred. Yet Carter will probably attempt to raise taxes on income earned abroad by subsidiaries of U.S. corporations and on export earnings of companies that set up domestic international sales corporations. He may try to pare deductions for gasoline taxes, sales taxes and medical expenses...

Author: /time Magazine | Title: The Nation: Here Comes The Tax Cut | 12/12/1977 | See Source »

...intact. In a crucial vote last week, Carter's supporters in the House turned back a move to deregulate natural-gas prices completely and backed the President's proposal for continued controls -though permitting a price increase. On a few points, Congress has actually been moving to toughen Carter's bill. The President, for example, proposed setting higher energy-efficiency standards for seven types of appliances; the House increased the number to 13, including TV sets and washing machines. And the Senate energy committee voted last week not just to tax but to forbid outright, beginning with...

Author: /time Magazine | Title: POLICY: Clean Sweep For Jimmy | 8/15/1977 | See Source »

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