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...special representative for trade negotiations, the U.S. stood ready to "protect its interests" by imposing countervailing duties on French imports. Both American tariff law and the General Agreement on Tariffs and Trade provide for such duties; essentially they are designed to increase the cost of imports to offset government subsidies paid on products by exporting countries...

Author: /time Magazine | Title: Trade: Detour into Protectionism | 7/5/1968 | See Source »

...retroactive to January 1 for corporations and to April 1 for individuals, should garner $10 billion in a calendar year to offset a deficit that could run as high as $25 billion - even after the cutback in expenditures - and bolster sagging international confidence in the dollar. During the second quar ter of 1968, the U.S. economy is expected to equal the first quarter's $20 billion leap forward in gross national product. With no rein on the economy, Johnson reasoned, inflation could lop 40 off every dollar's purchasing power during the year and help price U.S. exports...

Author: /time Magazine | Title: The Congress: Wilbur's Full House | 6/7/1968 | See Source »

Reproduced by photo offset, the authors' works appear in the form in which they were originally published. The whole of James Joyce's Ulysses was printed in 23 issues of the Little Review (1914-29) over a period of three years. The poems of William Butler Yeats and The Waste Land of T. S. Eliot first appeared in the Dial (1880-1929). For the single year that it survived, transatlantic review, edited by Ford Madox Ford in Paris, gave voice to such American expatriates of the 1920s as Ezra Pound and Ernest Hemingway. This Quarter, another European-based...

Author: /time Magazine | Title: Books: Big Little Magazines | 5/31/1968 | See Source »

...very different kinds of subsidies. Friedman and the conservatives would like to enact a subsidy as an excuse for axing other welfare programs; while Galbraith and the liberals believe that the poor deserve a greater share of the nation's wealth, and want the government to step in and offset the effects of unequal opportunities...

Author: By Jerald R. Gerst, | Title: Subsidizing Incomes | 5/31/1968 | See Source »

...Dunlop Committee explicitly rejects the buoyancy of its predecessor, the Committee of Eight, which in 1938 exhorted the University to "make a conscious effort to offset the natural tendency to academic isolation and the narrow perpetuation of its own internal tradition." That charge is an anachronism, and this report says that the University must consolidate its strengths rather than expand in a futile attempt to cover all fields of scholarship...

Author: By Richard R. Edmonds, | Title: The Dunlop Report | 5/22/1968 | See Source »

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