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What I said was that under this proposal the threat of loss of employment would hit a professor when he needs job security most, around 40, when family expenses peak, and that this prospect could be expected to have a substantially dampening effect both on his intellectual and political risk taking during the contract period and on the willingness of his colleagues and the administration to cut him off. Hence the proposal was both potentially inhibiting of academic venturesomeness and unrealistic as a remedy for the alleged evils of tenure...

Author: /time Magazine | Title: Letters, Jun. 7, 1971 | 6/7/1971 | See Source »

Last week New England Telephone & Telegraph Co. sold $200 million worth of bonds at 8.2% annual interest, compared with a low of 6.8% on a Bell System borrowing in late January. The new rate is more than halfway back up to the Bell interest peak of 9.35% in June 1970. Short-term interest rates have risen less strikingly, but even so, bellwether three-month U.S. Treasury bills early last week were selling at almost 4.5% interest, the highest rate since mid-January. The rising rates seem to be pulling some money out of the stock market. Last week...

Author: /time Magazine | Title: Business: Interest Rates: A Troublesome Rise | 6/7/1971 | See Source »

...isolation which befitted her infancy." The isolationist past was decisively rejected by Woodrow Wilson's intervention on the Allied side in World War I, but it was revived by the disillusionment that followed his crusade to make the world safe for democracy. The anti-internationalist movement reached a peak of influence in the years just before World War II. Its primary goal was to prevent the U.S. from becoming entangled in the looming war in Europe. Hapless remnants of isolationism persisted for a decade after the war ended, as a score of Senators (most of them Midwestern Republicans) sought...

Author: /time Magazine | Title: Time Essay: HOW REAL IS NEO-ISOLATIONISM? | 5/31/1971 | See Source »

...familiar irony that the progress of civilization has turned the earth into an elaborately sophisticated armed camp. During 1969-70, the money that human beings spent on the means of killing one another rose to an alltime peak of $204 billion-as much as the income produced in a year by the 1.8 billion people in the poorer half of the world's population...

Author: /time Magazine | Title: AMERICAN NOTES: Force of Arms | 5/17/1971 | See Source »

...providing automakers meet their own deadline. To reduce particulate and sulfur oxide emissions to required levels, big cities like New York would have to vastly increase their use of low-polluting natural gas, which is already in short supply. Most cities would also have to cut or even ban peak-hour auto commuting-and make up for it by building new, nonpolluting rapid transit systems. Unfortunately, the Government is unlikely to share the cities' staggering costs. Nixon's budget request for the Urban Mass Transportation Administration was $400 million, $200 million less than the amount authorized by Congress...

Author: /time Magazine | Title: Environment: Blueprint for Breathing | 5/17/1971 | See Source »

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