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Coquettish Hovering. A main force behind the profit swell is U.S. industry's increasing use of excess capacity as the economy expands, a movement that gradually lowers production costs. Management also knows better than ever before how to wield the two most powerful tools in its possession: automation and cost control. A growing use of computers has made possible more exhaustive market research, closer control of inventories and production, and a greater awareness of a company's potential. Cost consciousness has become so strong in industry that businessmen are much readier than formerly to eliminate unprofitable parts...

Author: /time Magazine | Title: The Economy: A Record-Smashing Record | 7/31/1964 | See Source »

...John's University in Jamaica, L.I., former U.S. Ambassador to Italy Clare Boothe Luce warned that Red China, now "isolated militarily and economically by both U.S.S.R. and U.S. policy," might turn desperately aggressive. In Southeast Asia, said she, "we must hold firm even if it becomes necessary to wield a nuclear stick over the head of Mao Tse-tung." But, added Speaker Luce, there are other ways to stop Chinese expansionism. "For example, what argument can be made for our present policy of trading with the Russians or selling them wheat that cannot also be made for trading with...

Author: /time Magazine | Title: Great Britain: The Future of Half the World | 6/26/1964 | See Source »

...Brass Bottle. "This is not Baghdad, it's Pasadena!" croaks Tony Randall as a camel caravan approaches his front lawn. From the antique urn that he bought for a gift, he has uncorked a fat green djinni, waiting to get out and wield magic. Randall's djinni happens to be Burl Ives, who complicates a routine romantic farce by conjuring up slaves, seneschals, dromedaries, elephants, a shapely blue djinniyeh (Kamala Devi) and a tonic belly dancer (LuLu Porter). Soon, of course, Randall has to explain all the whimsical phenomena to his fiancée, Barbara Eden. This chore...

Author: /time Magazine | Title: Cinema: Up in Smoke | 6/12/1964 | See Source »

...candidate, Julio Duran, 46, leader of the middle-road Radical Party, resigned from the race in tears. To keep his own party from dissolving, Duran has now decided to re-enter the campaign on the Radical ticket alone. But the best he can hope for is enough votes to wield a balance of power in a close election...

Author: /time Magazine | Title: Chile: The Crucial Choice | 4/17/1964 | See Source »

...personality upon its organization and upon the choice of students admitted to that House. A House gains from the greater elan of its residents when they have carefully, even agonizingly selected that House themselves. But, confined by distribution quotas required by the University, the subjective elements can wield only small influence. They can be only small oases in a desert of mechanical necessities. But a desert without any oases at all is terrifyingly barren. What better proof can be offered than Yale...

Author: NO WRITER ATTRIBUTED | Title: The Wrong Way | 2/26/1964 | See Source »

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