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...This time the price increases seem likely to touch off a new round of wage demands that Prime Minister Wilson, no longer armed with pay-freeze powers, will have trouble restraining. Promising that his complex web of economic restrictions and new taxes will somehow enable Britain to raise its output, cut unemployment and limit inflation to 3% next year, Wilson last week rebuffed Tory efforts to topple his government...

Author: /time Magazine | Title: Money: Weathering the Fallout | 12/1/1967 | See Source »

...continental Europe. Braked by West Germany's first major postwar recession and by sluggish business in France, the Common Market is headed for the slowest expansion in its ten-year history. In its third quarterly report, the Brussels-based EEC Commission has just concluded that the total output of goods and services in the Six will rise only 2½% in 1967, after discounting inflation...

Author: /time Magazine | Title: Common Market: Worst Year in Ten | 12/1/1967 | See Source »

...rising faster than production and prices are climbing, despite a 41% rise in unemployment (to 212,800) over the past twelve months. Among the Six, only Italy enjoys a vigorously expanding economy, with prospects for a 6% growth this year amid stable wages and prices and rising factory output...

Author: /time Magazine | Title: Common Market: Worst Year in Ten | 12/1/1967 | See Source »

Rachal also put Mooney's internal operations on a straight course. To keep pace with growing output-from 348 planes in 1962 to 790 last year-he expanded Mooney's Kerrville plant. To hold down payroll expenses, he enlisted only two other executives-Chief Engineer Ralph Harmon and brother-in-law Hoffman, who serves as a vice president in charge of sales. His 1,000 plant workers get substantial incentive bonuses; Mooney is delighted that few of them have seen fit to join a union ("They're paid more for their services than...

Author: /time Magazine | Title: Aircraft: Mitey Mooney | 12/1/1967 | See Source »

...abandonment of the cocoon of the Marxist mystique of historical inevitability exposes only the giant moth of Russian nationalistic aggression-cunningly Stalinist. This contention is substantiated by a report in your NATION section. The identical "liberalized" Soviets who now espouse Libermanism and plan to triple their output of autos have secretly developed the Fractional Orbital Bombing System designed to thwart U.S. nuclear defenses. We cannot afford to fall into a false complacency when dealing with the Soviets. They have not yet proven any sincere desire to coexist...

Author: /time Magazine | Title: Letters: Nov. 24, 1967 | 11/24/1967 | See Source »

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