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...size, shape and timing of tax cuts. Some members of Congress have already reacted to the prospect of such cuts with the wariness of a man who receives through the mail an unexpected package that emits a ticking sound. And among the wariest are the two congressional veterans who wield the most power over tax legislation: Virginia's Harry Byrd. 75, chairman of the Senate Finance Committee, and Arkansas' Wilbur Mills, 53. chairman of the House Ways and Means Committee. Democrats Byrd and Mills are conservatives predisposed in favor of tax reduction; but they have deep doubts about...

Author: /time Magazine | Title: The Economy: The Great Consensus | 12/21/1962 | See Source »

...order is aimed mostly at builders, developers, bankers, state and local officials. No fines or prison terms are provided for noncompliance, but the order arms federal officials with sharp-bladed threats to wield: for builders, refusal of FHA and Veterans Administration financing for their projects; for banks, loss of FHA and VA mortgage business; for states and municipalities, loss of federal grants and loans for slum clearance and urban renewal...

Author: /time Magazine | Title: The Administration: A Stroke of the Pen | 11/30/1962 | See Source »

Race strategy was handled far too often at the beginning by the head of the Australian syndicate, Sir Frank Parker. Only after the debacle of the first race was Sturrock allowed to wield complete control...

Author: NO WRITER ATTRIBUTED | Title: Gretel Was Hampered By Snapped Bow | 9/27/1962 | See Source »

Rockefeller is one of that little group of men who sit at the financial hub of the world's wealthiest nation and by their nods give the stop or go sign to enterprises from Bonn to Bangkok. They wield vast powers?and yet must correctly size up situations around the world and reckon on economic and social changes bigger than their own power to control. They cannot sit still or their strength diminishes; but when they move, they must be nimble as well as sure...

Author: /time Magazine | Title: Banking: Man at the top | 9/7/1962 | See Source »

...wages for the strikers. But the Minneapolis strike raised a question that was even more disturbing than the strike's local effects: with the number of newspapers in the U.S. dwindling at a worrisome rate, has labor's ultimate weapon become too dangerous to wield...

Author: /time Magazine | Title: The Press: The Strike Problem | 8/10/1962 | See Source »

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