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...valid is the charge that the U.S. is unfairly treated in world markets? Administration officials contend that while America has freely opened its markets to outside competition, its trading partners have thrown up import quotas and other barriers...

Author: /time Magazine | Title: The Economy: The High Stakes Of International Poker | 9/20/1971 | See Source »

...Strait jacket. The complaint is certainly valid in the case of Japan, which has sealed off its markets while flooding other countries with its wares (TIME cover, May 10). In January, when the final cuts of the Kennedy Round take effect, Japan's tariffs on industrial goods will average 11% v. the U.S.'s 8.4%. Before Washington slapped on the surcharge, Toyotas and Datsuns easily rolled over the U.S.'s 3.5% tariff on cars; by contrast, Japan not only has a 10% tariff on American cars but also hits buyers with a special 40% sales...

Author: /time Magazine | Title: The Economy: The High Stakes Of International Poker | 9/20/1971 | See Source »

Nonetheless, a profligate inclusiveness tends to drain the phrase "political prisoner" of its specific (and still valid) meaning. To accept the idea that all black prisoners are political is to condemn implicitly the laws that sent them to prison and to suggest that they all be freed. But since an overwhelming majority of the victims of black crime are black, and since most blacks, in or out of ghettos, obey the law, the release of all black prisoners might strike law-abiding Negroes as a subtle kind of redoubled racism. Moreover, in demanding Angela's freedom, radicals forget that...

Author: /time Magazine | Title: Time Essay: WHO (AND WHAT) IS A POLITICAL PRISONER? | 9/6/1971 | See Source »

Indeed he should. This is neither the work of Diplomat Prescott nor Professor Morrison-both of whom, as it turns out, are as fictitious as a number of the book's minor characters. Rather, it is a fascinating chronicle of the cold war, valid in essence perhaps, fictional and caricatured in detail. It is a grand and eloquent hoax full of enigmatic private jokes like the consistent misspelling of Robert McNamara's name...

Author: /time Magazine | Title: HOAXES: The Midnight Penman Returns | 9/6/1971 | See Source »

...Bunker returned to Thieu's palace, this time with Kansas Senator Robert Dole, the chairman of Richard Nixon's Republican National Committee. A little pressure was evidently needed to convince Thieu that something had to be done. Next morning, the Supreme Court ruled that Ky had enough valid endorsements to qualify as a candidate after...

Author: /time Magazine | Title: The World: Still a Thieu-Way Race in South Viet Nam | 8/30/1971 | See Source »

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