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Pragmatically recognizing the key role that capitalist initiative plays in dynamic economies, some ruling socialists have taken steps toward encouraging freer enterprise. Britain's Labor government, for instance, is planning to announce efforts to stimulate individual initiative and investment. West German Chancellor Helmut Schmidt has angered the radical wing of his Social Democratic Party by braking the rate of pension increases and halting the planning of new ambitious welfare schemes, like a costly increase in health benefits. To stop a headlong plunge into bankruptcy, Portugal's Socialist Premier Mario Scares has been uncomfortably forced to restore to private ownership farms...

Author: /time Magazine | Title: Socialism: Trials and Errors | 3/13/1978 | See Source »

...tried to persuade West Germany to help spur a worldwide economic recovery by dumping its slow-growth policies in favor of accelerated expansion-and once again the Germans have refused. At a tense three-hour meeting in Bonn, Treasury Secretary Michael Blumenthal was lectured last week by Chancellor Helmut Schmidt about the U.S.'s economic "sins." Among the most grievous cited by Schmidt: the absence of a coherent energy program; the U.S.'s huge foreign trade deficit, which stimulates international inflation; and Washington's unconscionable failure to support the sagging dollar...

Author: /time Magazine | Title: Business: Growing Gap Between Allies | 2/27/1978 | See Source »

...signs of East Germany's icy displeasure were unmistakable. Bound for East Berlin on a private visit, West German Christian Democratic Party Leader Helmut Kohl and three aides last weekend routinely handed over their passports at the Friedrichstrasse checkpoint near the Berlin Wall; there a squad of gray-coated Grenzpolizei, the Communist border guards, brusquely barred their way. Kohl had crossed the Wall several times in the past, but this time he was forced to wait at the checkpoint for an hour and then was told that his visit was "undesirable." Although the Bonn government protested that the East...

Author: /time Magazine | Title: GERMANY: Frost Is Forming Along the Wall | 1/30/1978 | See Source »

...counter charges, both governments were avoiding actions that would lead to an open break. Dismissing the manifesto as a mere "atmospheric disturbance," the East German official envoy in Bonn, Michael Kohl, declared that the Communists "retain their interest in a continued improvement of relations." Last week West German Chancellor Helmut Schmidt stated soothingly that he felt the East German leadership "intends to continue the process of relaxation of tensions." In fact, there are good reasons for both sides to pursue Ostpolitik, Germany's form of detente. East Germany's stake in good relations involves $1.2 billion in loans...

Author: /time Magazine | Title: GERMANY: Frost Is Forming Along the Wall | 1/30/1978 | See Source »

...deaths. While the cops investigate, Abel takes up desultorily with his brother's widow (Liv Ullmann). They are befriended by an acquaintance of their youth, now a doctor (Heinz Bennent) doing some sort of secret research at a nearby hospital. Since he carries himself in the manner of Helmut Dantine when he was playing Gestapo officers some 35 years ago, one can guess that the doctor's work is not going to earn him the thanks of a grateful world...

Author: /time Magazine | Title: Cinema: Cabaret Act | 1/30/1978 | See Source »

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