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Last year President Carter introduced legislation providing for price regulation of all gas, intrastate and interstate, to be balanced by incentives designed to encourage private exploration. Though he defended the proposal with stirring populist rhetoric, it was clearly no radical departure from the status quo. Price regulation is as American as synthetic potato chips. Like the chip, it tries to achieve the effects of more fundamental reform with an unconvincing substitute. And the incentives, doubtless inserted to placate industry, are par for the course as well...

Author: By Celia W. Dugger, | Title: Cooking With Gas | 3/18/1978 | See Source »

Europeans are so eager for America to defend the dollar, Triffin argues, that they would willingly make the additional loans. Indeed, he believes that in return for propping the dollar, America could extract a quid pro quo, notably persuading the reluctant West Germans and Japanese to expand their economies in order to enhance world recovery. "It is in the interest of all governments to intervene to lift the dollar," Triffin says persuasively. "The problem simply cannot be left to the tender mercies of the speculators...

Author: /time Magazine | Title: Business: Strategy for the Dollar | 3/6/1978 | See Source »

...times that decision-making structure, which includes the Treasurer's office, the Advisory Committee on Shareholder Responsibility (ACSR), the Corporation, and independent investment firms, seems designed mainly to spread the responsibility for Harvard's morally bankrupt investment policy and to provide a justification for maintaining the investment status quo...

Author: By Eric B. Fried, | Title: The ACSR Shuffle | 3/1/1978 | See Source »

...France--a prism through which modern society has often been seen and analyzed--many radicals who espouse revolutionary Marxism to break the shackles of an exploitative, capitalistic order, look askance to this optimistic prognostication. The radicals suspect that this justification of the perpetuation of the status quo is just more bourgeois ballyhoo to stem the revolutionary tide and maintain an odious mode of production built on the selfish expropriation of labor-power from the proletarians by the capitalists...

Author: By J. WYATT Emmerich, | Title: Revolution or Reform? | 2/23/1978 | See Source »

After World War II, the U.S. and Russia wanted to keep the status quo in their zones of influence. But Russia has been more aggressive and has tried everything to increase its power and diminish America's. America wants the status quo in Italy; Russia does not. Although the Communists in Italy are preaching freedom, justice and equality, the Russians do not care whether there is peace, prosperity or justice in Italy, or a civil war or misery. What matters is to gain power, especially against America...

Author: /time Magazine | Title: Letters, Feb. 20, 1978 | 2/20/1978 | See Source »

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