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...Advent of Minipounds. The Tory attacks were predictable, of course, but their unexpected ferocity stemmed from Wilson's tricky presentation of devaluation. To Callaghan, formerly known as "Sunny Jim," Wilson delegated the plain speaking about devaluation: the inevitable rise in domestic prices, the need to hold down wage increases. Callaghan, whose frankness enabled him to emerge from the affair looking much better than Wilson, may well be moved to a new post in a Cabinet reshuffle within a month or two. Wilson, on the other hand, was conveniently obscure or deftly evasive in his television address to the country...

Author: /time Magazine | Title: Britain: After the Fall | 12/1/1967 | See Source »

...paying an additional 14.3% to cover the pound's loss; at week's end 70 airlines agreed to increase by some 17% the price of airline tickets bought with pounds. A Scottish football team, traveling in Naples on a tight budget that became even tighter with the advent of the minipound, also had to ante up the difference. Miss Peru, winner of the Miss World contest two weeks ago in London, found her ?2,500 prize suddenly 14.3% poorer. And several cities in Britain reported that the number of inquiries about emigration was suddenly running double and triple...

Author: /time Magazine | Title: Britain: After the Fall | 12/1/1967 | See Source »

Thus the Democratic bosses were understandably less than elated by the advent of a mayoral candidate who was both Negro and reform-minded, who deplored gambling, prostitution and crooked politics. Hatcher's presence jarred the Democrats so badly that in their primary last May, Mayor Martin Katz was challenged not only by the Negro but by a white segregationist as well. With the white vote split, City Council President Hatcher was able to win the nomination...

Author: /time Magazine | Title: Elections: The Real Black Power | 11/17/1967 | See Source »

Instead of a blast, however, the Tory convention was an unmuzzled bore. Convened before BBC television cameras at the Top Rank entertainment center in the beach resort of Brighton, it proved to be the most powerful argument for picking up a good book since the advent of televised wrestling. The Tory high command, following the example of Party Leader Ted Heath, sat solemnly on the speaker's platform, heavy-lidded, hard-shelled and heartburned. Little about the party leaders suggested that they were capable of standing up to the slogan emblazoned on the rostrum: PUT BRITAIN BACK...

Author: /time Magazine | Title: Britain: The Tories Prove a Thesis | 10/27/1967 | See Source »

...more labor into tax-subsidized manufacturing jobs. Instead, service industries have added the tax to their prices and kept their help-while manufacturing employment has dwindled. All by itself, the S.E.T. has so far boosted the cost of living by 0.5%, according to Treasury estimates. Though pledged with the advent of North Sea natural gas to push Britain toward a cheap-energy policy, the government this month raised the price of nationalized electricity...

Author: /time Magazine | Title: Britain: Suffering | 10/13/1967 | See Source »

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