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When he returned to Britain recently after a fortnight's absence in Washington and Jamaica, Prime Minister Harold Wilson had little cause for cheer. As last week began, the pound fell to its lowest level ever against the currencies of all Britain's major trading partners, down a disastrous 24.9% from the Smithsonian Agreement level of 1971. Any sharper decline would give the nation's already soaring inflation rate of 30% an explosive new thrust. Labor Cabinet members were warring openly over economic policy and the Common Market referendum, and a rash of strikes had slashed output...

Author: /time Magazine | Title: BRITAIN: Worrisome Waltz of the Wet Hens | 5/26/1975 | See Source »

Fitfully but emphatically, the old polarities of the '60s could still reassert themselves. At Berkeley, the cradle of student radicalism, some 1,000 demonstrators marched with Viet Cong flags to cheer the Communist victory. Activist Tom Hayden called the fall of Saigon "the rise of Indochina...

Author: /time Magazine | Title: THE WAR: The Last Grim Goodbye | 5/12/1975 | See Source »

...Such cheer has yet to percolate among many ordinary people, who have learned to distrust official forecasts and have been turned off by Washington's frequent abrupt changes in economic policy. Jay Schmiedeskamp of the University of Michigan's respected Survey Research Center reports that "the level of consumer confidence is still greatly depressed." The center's latest survey, conducted during February, showed that only 8% of the questioned consumers expected to enjoy good times within the next five years; 61% expected hard times. The unemployed (8 million active job seekers, plus 1.1 million people who have...

Author: /time Magazine | Title: OUTLOOK: The Upturn: How Soon? How Strong? | 5/5/1975 | See Source »

Alumni would pat Kitredge on the shoulder as they walked by him after the fights, but I didn't cheer him up. "I don't know," Kitredge said, shaking his head, I walked right into him I just walked right into...

Author: By Nicholas Lemann, | Title: Smith Tops Alicea in Harvard Club Tilt | 3/26/1975 | See Source »

...Crimson holds a 10-0 League record with an impressive 19-3 overall mark, while Dartmouth stand 1-7 in the Ivies and 4-16 in ECAC Division 1. With exams one week away Big Green fans have little to cheer about, but tonight 2100 of them should pack Davis for the season's final home contest...

Author: By Elizabeth P. Eggert, | Title: Skaters Clash With Dartmouth, Pursue 11th Straight Ivy Win | 2/26/1975 | See Source »

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