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...industry. The President almost set up Detroit as the proving ground for his plan. The excise-tax cut will undoubtedly boost demand for new cars, and the import surtax (or the currency revaluations that it is designed to bring about) will make U.S. automakers' lowest-priced models competitive with Volkswagen and other big-selling imports for the first time in a decade. In Detroit, Ford President Lee lacocca beamed: "This makes Nixon's trip to China look like child's play...

Author: /time Magazine | Title: The Economy: Exploring the New Economic World | 8/30/1971 | See Source »

Ironically, the momentary result of Nixon's announcement was to fire up foreign-car sales. Customers poured into the showrooms of Toyota, Volkswagen and other import dealers, quickly buying models that would soon become relatively more expensive. "People were still shopping at 11 o'clock at night," said suburban St. Louis Datsun Dealer Ed DeBrecht. Dealers of U.S. cars, on the other hand, were left wondering how to get rid of a huge inventory of 1,900,000 '71 model cars. With prices on the '72 models expected to be almost identical (less excise), the soon-to-be-outdated...

Author: /time Magazine | Title: The Economy: Exploring the New Economic World | 8/30/1971 | See Source »

After the posh jets, the piston-engined Cessna 310 feels like a Volkswagen, but we zoom gallantly up over the brown hills pockmarked with ravines and gullies and head for Las Vegas and a fuel stop. A huge passenger jet bounces us gently in its wake and I shudder. We gas up; off to the southwest we see storm clouds and lightning. Never mind: we're off again. For a moment, I think of those scary instructions picked up back in New York: if both pilots conk out aloft, set the radio dials at 121.5 and ask whoever answers...

Author: /time Magazine | Title: Modern Living: Hitchhiking by Air | 8/16/1971 | See Source »

Making love in a Volkswagen can be an impossible feat, as a University of Pennsylvania student discovered not long ago. His failure led to a year of impotence that ended only recently when Temple University Psychiatrist Joseph Wolpe cured him in two sessions. Wolpe's treatment; a controversial method called behavior therapy...

Author: /time Magazine | Title: BEHAVIOR: Neurosis: Just a Bad Habit? | 8/2/1971 | See Source »

...riding crop, he often arranged for brass bands to entertain his captives as they were herded into Treblinka's infamous gas "showers." Captured by American troops and turned over to Austrian authorities, Stangl escaped in 1947 and fled to Brazil, where he worked as a mechanic in a Volkswagen plant before he was tracked down in 1967. At that time, Nazi-hunter Simon Wiesenthal branded him "the second Eichmann...

Author: /time Magazine | Title: Milestones, Jul. 12, 1971 | 7/12/1971 | See Source »

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