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...nation's crisis is the product of a vicious circle of industrial inefficiency, labor indiscipline and overly ambitious welfare-statism. The British government now spends an average of $2,320 annually in social and health benefits for each member of the work force, a staggering sum in a nation where per capita income is only $3,085. The high taxes necessary to finance these benefits have helped drain away funds needed for the modernization of Britain's overaged and decrepit plants; industrial production in the past three years has risen much less in Britain than in any other...

Author: /time Magazine | Title: BRITAIN: Muddling to Collapse? | 5/19/1975 | See Source »

Leaving Chatanooga, the weather tilted. We left the dream-like Florida mid-eighties and met head-on the ominous fringe of a Northern blizzard. Further ahead in Tennessee lay a vicious front of unending rain and tornadoes looking for barns to rip apart. Nick didn't talk much by then. He took over the driver's seat in a trance, driving steadfastly, relentlessly drawn toward the source of his $200 phone bills...

Author: By Timothy Carlson, | Title: The Power of Love: A Nashville Lightning Storm | 4/18/1975 | See Source »

...scarcely meet the costs of immigrant integration, and are supplemented by funds raised by the state of Israel through the heaviest taxation in the world. To argue against the humanitarian work of the Israel Emergency Fund because Israel must buy arms and maintain armed forces to defend itself is vicious or stupid: such an argument would prevent aid to any nation on earth, even if its people were starving, because all maintain armed forces for their defense...

Author: NO WRITER ATTRIBUTED | Title: ISRAEL AND THE UNITED STATES | 4/15/1975 | See Source »

...about proposed congressional spending plans. Combined with the tax cut, they could produce a hair-curling federal budget deficit of $100 billion or more for the next fiscal year (see ECONOMY & BUSINESS). Ford said that any such deficit would be "too dangerous to permit," since it would "threaten another vicious spiral of runaway double-digit inflation." He vowed to resist any attempt by Congress to pass spending programs that would produce a deficit any higher than $60 billion...

Author: /time Magazine | Title: TAXES: Goodies for Everyone | 4/7/1975 | See Source »

Reports now filtering to the West talk of "communists" slaughtering innocent refugees from the central highlands abandoned by Thieu last week. But these reports are still incomplete; this latest bloodshed may well stem from the traditionally vicious rivalry between the Montangard highland tribes and the Vietnamese people rather than from deliberate policies...

Author: NO WRITER ATTRIBUTED | Title: No Military Aid | 3/27/1975 | See Source »

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