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...Doubtless the deep first-quarter downturn in productivity is temporary and will be reversed when employers either lay off more workers or increase production-or both. Yet the longer-term trend is not totally reassuring. In global terms, the U.S.'s long lead in productivity has been narrowed. The country's productivity grew at a healthy annual average of about 3% through most of the postwar period, helped by such developments as the fast spread of computers. But between 1965 and 1970 productivity grew only 2% per year in the U.S. v. 13.2% in Japan, 5.7% in West...

Author: /time Magazine | Title: WORK: Troubling Dip in Efficiency | 6/3/1974 | See Source »

...Republican Senate Campaign Committee, said that Nixon has a right to a Senate trial "if he wants it, which he seems to." Senate Minority Leader Hugh Scott of Pennsylvania added: "I think our nation is strong enough to withstand the functioning of its own Constitution." The Republican leaders doubtless also had in mind the possibility that Nixon could be acquitted. White House Speechwriter Patrick Buchanan warned that if Republicans forced Nixon out of office and he were later found to be innocent of wrongdoing, it "would be close to fatal for the Republican Party...

Author: /time Magazine | Title: WATERGATE: The President Resolves to Fight | 5/27/1974 | See Source »

...mortgage money back into those localities; most of the money was loaned to suburban borrowers, often at interest rates far lower than those paid by city home buyers. Since federal strictures against redlining have proved all but unenforceable in the past, the most vigorous fight against the practice doubtless will be waged on the local level for some time to come...

Author: /time Magazine | Title: REAL ESTATE: Greenlining of America | 5/27/1974 | See Source »

Watergate was not brought up during that meeting, but it doubtless was uppermost in the President's mind. For a large part of the week, he secluded himself in the Executive Office Building, pondering his next move. One night, accompanied by a White House doctor and a military aide, he cruised the Potomac for an hour and a half aboard the presidential yacht Sequoia. On another night he dined aboard the Sequoia with Wife Pat, Daughter Julie and her husband David Eisenhower. As Julie later recalled in a press conference with David, the President "said he would take this constitutionally...

Author: /time Magazine | Title: WATERGATE: Richard Nixon's Collapsing Presidency | 5/20/1974 | See Source »

There's not much going on this week--with all the tearjerkers doubtless heading to their catastrophes in the libraries, what would be the point? The Harvard Square Arts Festival continues at the Loeb Ex, though. You can pick up free tickets and more information (I guess) at 6 p.m. the day before each 7:30 performance, but tonight it's something called Stage One, tomorrow an (Om) Theater Workshop, Saturday at 2 a Mask Workshop, Saturday night Collective Movement Theater, Sunday at 2 a Forum, and Sunday night, appropriately enough, a Celebration-- which we can certainly...

Author: By Seth M. Kupferberg, | Title: THE STAGE | 5/16/1974 | See Source »

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