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...they had at their last previous gathering in late September. Economists who had predicted an unprecedented $100 billion rise in national production next year stood by their forecasts, but confessed that they felt less sure. Walter Heller and Robert Triffin noted that industrial production is still 6% below its peak in 1969, that orders for durable goods dropped in September, and that the savings rate has stayed high, indicating continued doubts among consumers, whose spending is necessary to produce a sharp rebound in business. Said Economist Joseph Pechman, a member of TIME'S board: "Except for auto sales...

Author: /time Magazine | Title: THE STOCK MARKET: Descent into Limbo | 11/8/1971 | See Source »

...marked contrast, Fischer is the relentless aggressor. Now 28 and near the peak of his considerable powers, he no longer favors the flashy, intricate but error-prone attacks of his younger days. He has become the classical tactician, launching his assaults from solid positional bases, overpowering rather than dazzling his opponents. Paradoxically, his celebrated killer instinct was the one trait that seemed to threaten his chances against Petrosian. Prematch speculation had it that Fischer, the only grand master who consistently prefers to risk defeat rather than settle for a tie game, might be a setup for the Petrosian ploy...

Author: /time Magazine | Title: Sport: Bobby Makes His Move | 11/8/1971 | See Source »

...trade term for neighborhood houses) are now closed except on weekends, and some metropolitan theaters, even in New York's Times Square area, will be dark until the beginning of the Christmas season. Across the country, weekly movie admissions have steadily and disastrously declined after reaching a peak of 80 million in 1946. By 1963, the total had dropped to 21 million, and at last count was below 18 million. Though box office prices have more than tripled in the past 25 years, gross revenues are down...

Author: /time Magazine | Title: Show Business: NATO Is a House o' Weenies | 11/8/1971 | See Source »

...tiresome two-night, nine-meal trek. It costs about $150 for a group of four. But thousands of vacationers continue to make the grim odyssey rather than opt for relatively cheap air flights, for the simple reason that a Florida holiday virtually demands an automobile, and rentals there during peak seasons are prohibitive...

Author: /time Magazine | Title: Modern Living: Overland Cruise to Florida | 11/8/1971 | See Source »

Fullback Steve Hall's ankle is still bothering him, but he will probably play this weekend. Otherwise, Harvard's offensive backfield is in peak condition...

Author: By Grady M. Bolding, | Title: Eleven Heals Quickly; Ready to Face Tigers | 11/4/1971 | See Source »

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