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...money markets, and the short-term lending rate for Euro-dollars-the $5 billion-plus hoard of dollars that is circulated by Europe's banks-has jumped from 41% to 5% as borrowers scramble for funds to finance expansion. In Australia, where the Sydney stock market suffered its sharpest fall in four years as a result of the curbs on dollars, Prime Minister Sir Robert Menzies passed the word last week that he will ask Lyndon Johnson to soften the restrictions. Japanese businessmen, mindful that U.S. money has provided 10% of the financing for their postwar boom, also urged...

Author: /time Magazine | Title: Money: The Dollar Drought | 3/26/1965 | See Source »

...memory of Kennedy's skill at projecting the image of a man on top of his job became sharpest after Johnson's latest press conference. Wrote Reston: "Nobody was satisfied-not the diplomats in Washington who wanted to know about Viet Nam and the Atlantic Alliance; not the President himself, who is still trying to get over his recent illness; and not the reporters, most of whom felt Mr. Johnson was imprecise and evasive." New York Herald Tribune Correspondent Douglas Kiker put it bluntly: "It is apparent that press conferences have become both a chore and a bore...

Author: /time Magazine | Title: Reporters: Cold War in Washington | 3/5/1965 | See Source »

Clothing is completely up to you, but make sure that you are warm enough. The sharpest and tightest pants with stripes on the sides don't help you in subzero temperatures unless you have long underwear. Snow bunnies may admire you beautiful haircut and lots of grease (kid . . .) in it, but frozen ears can harm this picture considerably...

Author: NO WRITER ATTRIBUTED | Title: Expert Suggests Ski Equipment To Look For | 2/11/1965 | See Source »

...sharpest battles will come over heavier taxes levied on major industries hat benefit from specialized federal services. The budget seeks increased fuel and equipment taxes on trucks and buses to bring in another $247 million annually and help defray the additional $5.8 billion that will be needed to finish the 41,000-mile federal highways system. It also asks $240 million more in taxes on aviation fuels and the flourishing air-freight business, and a continuation of the 5% surcharge on airline passenger tickets. Truckers, airlines and inland-waterway operators, the last of which would have...

Author: /time Magazine | Title: Government: Pay as You Use | 2/5/1965 | See Source »

...prices and wages with it. By imposing a merciless credit hold-down, Italy braked industrial growth from 5% to 1.5% last year. Along with the other problems of its economy. Britain is alarmed by its quickened wage-price spiral. The cost of living has jumped 4.6% in the sharpest twelvemonth rise in a decade, and British housewives this month found that prices had risen for some 3,200 different grocery items, from porridge to pickles...

Author: /time Magazine | Title: Western Europe: The High Cost of Living | 1/29/1965 | See Source »

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