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Tighter Controls. The biggest concern among consumers, and in the Administration, is the persistent rise in prices and the apparent inability of Phase II controls to hold down inflation. In February, consumer prices leaped 23% on an annual basis, but there is relief ahead. Presaging a downward trend in living costs, the wholesale price index in March rose a modest .1%, and food prices declined .4%. So far, most of the upward press has come from soaring food costs, especially meat, which is all but exempt from controls. Food costs are likely to dip somewhat in the near future, mostly...

Author: /time Magazine | Title: PHASE II: A Rainbow with Clouds | 4/17/1972 | See Source »

...Euro" as moneymen call it -is still far away. Treasury Secretary John Connally, for one, is not overeager to see that day arrive. With a single currency, he fears, Europe may congeal into a unified economic bloc competing against the U.S., and the Europeans may let their currency float downward against the dollar whenever they want an added trade advantage against the U.S. At present, national rivalries prevent such truly coordinated action...

Author: /time Magazine | Title: MONEY: Nearer to Eurocurrency | 4/17/1972 | See Source »

...Under the circumstances, it is a reasonably unwise thing to do, and she pays for it, lying moaning for a few days in a Toronto apartment while her friends move on to San Francisco for another gig. Duke, meanwhile, goes to pieces, athletically, and the Maple Leafs stagger downward in the NHL standings to the point where they must defeat the Vancouver Canucks in the season's final game to qualify for the Stanley Cup playoffs...

Author: By John L. Powers, | Title: Winter Comes Early | 3/23/1972 | See Source »

...genres that best lend themselves to lyricism and incantation. The formal qualities of poetry become subject to dramatic techniques. Yevtushenko's art, such as it is, is shaped by these factors. The sound of "let's not" gave me the auditory vision of a flake of snow swaying downward against a winter landscape. Nothing wrong with that...

Author: By Richard Dey, | Title: Yevtushenko: Lightweight in a Heavyweight's Garden | 2/28/1972 | See Source »

Though prospects for solid economic advances for the rest of this year remain good, a strain of uncertainty in recent weeks has brought a slight dip in earlier forecasts. The main cause: the Government's downward revision of last year's estimated gross national product, which fell $4 billion below expectations, to $1,047 billion. Besides lowering the base from which 1972 starts, the revision also automatically shaves down the anticipated totals for this year by lifting the economy off into the new year on a less sharp curve than expected...

Author: /time Magazine | Title: FORECASTS: A Time for Revisions | 2/14/1972 | See Source »

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