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REVENUE SHARING. The principle involved is controversial (see box, page 18), and passage is doubtful. The proposal must originate in the House, and there it is opposed by a formidable trio: Speaker Albert, Chairman Mills and the top-ranking Republican on the Ways and Means Committee, Wisconsin's John Byrnes. Their opposition is based primarily on the premise that Congress should not allocate tax revenue without controlling the ways in which it is spent. Moreover, the federal budget already runs a deficit. HEALTH CARE. Some form of national health insurance has long been proposed by liberals. It has political appeal...

Author: /time Magazine | Title: The Nation: The Coming Battle Between President and Congress | 2/1/1971 | See Source »

Under the eye of television cameras, the heads of three leading European banks took their places on gilded Louis XV chairs at an oblong marble table in an 18th century Baroque palace. Each man in turn signed a document. Then the trio toasted the occasion in Moët & Chandon champagne-as well they might. Credit Lyonnais of France, Commerzbank of Germany and Banco di Roma of Italy had just joined in a unique accord that one executive described as having "all the advantages of a merger without its inconveniences." The signing brought into being a financial powerhouse with...

Author: /time Magazine | Title: BANKING: Better Than Marriage | 2/1/1971 | See Source »

...practicing trio marriages in the United States. You are just experimenting with what Africa has been doing for centuries. Goddammit, we are ahead of you this time...

Author: /time Magazine | Title: Letters, Jan. 25, 1971 | 1/25/1971 | See Source »

...event will be the hurdles, where N.U.'s Sweeney is given a good chance of breaking up Harvard's trio of Delray Maughan, Dewey Hickman, and Johnson...

Author: NO WRITER ATTRIBUTED | Title: Strong Individual Events Highlight N.U. Track Meet | 1/12/1971 | See Source »

...prosecution's case was further weakened by medical testimony. Psychiatrists called by both the prosecution and the defense said that MacDonald seemed entirely normal; the defense psychiatrist added that MacDonald appeared incapable of committing so atrocious a trio of murders. Also, five of six doctors who testified said that at least one of MacDonald's wounds could easily have been fatal and that not even a physician could have inflicted it on himself safely...

Author: /time Magazine | Title: The Law: Captain MacDonald's Ordeal | 1/11/1971 | See Source »

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