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...first solid evidence appeared last week that the energy shortage -whatever its causes or true dimensions -is hurting the economy. The Federal Reserve Board reported that industrial production fell .5% in December, the sharpest drop in 2½ years. Main causes: a decline in utility output as consumers cut their use of electricity and gas for the first time since World War II, and a slump in the auto industry. In the first ten days of the new year, automobile sales were off 27% from last year. General Motors' deliveries were down a staggering 42%, largely because buyers were...

Author: /time Magazine | Title: POLICY: No Shortage of Skepticism | 1/28/1974 | See Source »

...brisk rhythmic jotting of a Rembrandt sketch -is to use a metaphor. In classical Chinese painting, it is not. The wen-jen used the same brush for painting and writing, the same ink, the same habits of mind. The distinction between word and image, which is one of the sharpest divisions in our culture, barely existed for them at all; they expressed their thoughts with characters, not words, and these characters, having evolved from pictograms, were both sign and idea. A mark of the brush could both mean and represent a mountain; as Sherman Lee notes in his catalogue, "Since...

Author: /time Magazine | Title: Art: The Colors of Ink | 1/28/1974 | See Source »

...Much has changed in Cairo in 29 years," notes Wynn, "but there is still a sense of permanence about the Egypt of awe-inspiring antiquities, of graceful feluccas with their arched sails on the Nile, and the finest kabob and sharpest sense of humor in the world...

Author: /time Magazine | Title: A Letter From The Publisher, Jan. 14, 1974 | 1/14/1974 | See Source »

Despite the clash, perhaps the sharpest open display of acrimony in NATO'S 24-year history, the Brussels meeting did do something-how much is still in question-to restore the dangerously frayed lines of communication across the Atlantic. Jobert and Kissinger, who seem to have a genuine liking for each other outside the conference room, met privately in Kissinger's 16th floor Hilton suite and emerged smiling and joking. "Tout va bien [All goes well]," Jobert told reporters. Indeed, at the weekend summit meeting of Common Market chiefs of state in Copenhagen, Kissinger's visit seemed...

Author: /time Magazine | Title: DIPLOMACY: The Superstar on His Own | 12/24/1973 | See Source »

...last item that has stirred the sharpest criticism and inspired an investigation by Republican Senator Lowell Weicker of Connecticut, who has promised to forward the results of his investigation to the Internal Revenue Service and to demand action on the case this week. The White House claims -without substantiation so far-that the President merely followed "the tradition of his six predecessors" in giving his private papers to the Government...

Author: /time Magazine | Title: The Nation: The President as Taxpayer: The Accounting | 12/17/1973 | See Source »

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