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...about to divide itself essentially into two groups: the U.S., Germany, Switzerland and perhaps Japan, with strong, healthy economies characterized by relatively low inflation and currencies rising in value, and the Italys and Britains of the world, with their high inflation, weak economies, and depreciating currencies that worsen inflation by making imports more costly. In fact, the most recent forecasts by the staff of the Organization for Economic Cooperation and Development in Paris suggest that such a division may be coming. The Administration would like to head it off by encouraging the nations with more serious inflation problems to adopt...

Author: /time Magazine | Title: MONEY: Hard U.S. Line for the Summit | 6/28/1976 | See Source »

...Worsen they did. The ripples of Elizabeth Ray's profitable true-confessions caper continued to spread. The FBI, TIME discovered last week, had landed a current version of Watergate's Deep Throat. This anonymous source, who might be tagged Jack the Tipper, has taken to calling the FBI three to four times a day. In tones of outrage, Jack has demonstrated pinpoint knowledge about some of Capitol Hill's darker corners. Investigators believe that he may be a member of Congress or a legislative aide. "Whoever he is," says one official involved in the inquiry...

Author: /time Magazine | Title: THE CONGRESS: What Liz Ray Has Wrought | 6/21/1976 | See Source »

Less Than 1?. President Ford worried that the boost will "worsen inflation throughout the world," and Treasury Secretary William Simon said that though U.S. economic recovery will not be stalled, the increase "illustrates that we are still captives of OPEC." Secretary of State Henry Kissinger, meanwhile, took a milder view. Said he: "It seems better than it could have been...

Author: /time Magazine | Title: OIL: OPEC'S Price Doves Win a Big One | 10/6/1975 | See Source »

...accelerated the white flight to the suburbs, leaving the inner cities increasingly nonwhite. In this situation, urban desegregation may mean little more than spreading a dwindling white minority among overwhelmingly black and increasingly mediocre schools, with minimal benefit for either race. In short, does school desegregation improve or worsen race relations? Are there alternatives to busing for achieving desegregation and improving the education of black children...

Author: /time Magazine | Title: SCHOOLS: The Busing Dilemma | 9/22/1975 | See Source »

...Colorado talks was an arbitrary ceiling on imports of foreign oil, which is now flowing into the U.S. at a rate of 7.3 million bbl. a day. The experts found that such a limit not only would bring back the long lines at the gas pumps but would worsen the current economic downturn. Administration predictions show that a "cap" holding oil imports to 1 million bbl. a day would gouge as much as $25 billion out of the gross national product and add upward of 400,000 to the unemployment rolls within a year...

Author: /time Magazine | Title: ENERGY: Shaping a Price Plan | 1/13/1975 | See Source »

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