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...free world ever closer together. Half a dozen countries-Britain, Canada, France, Belgium, The Netherlands and Austria-developed an economic malaise akin to that of the U.S.: industrial stagnation and rising unemployment coupled with inflationary tendencies. Reason: wages and government spending rose despite economic slowdowns. Germany stopped its spiral of wages and prices, but at the cost of a severe recession that pulled down the pace of business throughout most of the Common Market. Only Italy, which underwent a deflationary purge three years ago, showed strong economic gains without much wage and price strain...

Author: /time Magazine | Title: Business: -BUSINESS IN 1967-THE NERVOUS YEAR- | 12/29/1967 | See Source »

...first reaction to the steel price boost was to use it as further evidence of the need for a 10% surtax. Chief White House Economist Gardner Ackley gave equal scoldings to both labor and management, noting that the steel increase represented "another turn in the wage-price spiral." Speaking at a Washington meeting of the Business Council, President Johnson talked of responsibility: "We know that wage and price changes are inevitable-and desirable-in a free-enterprise system. But those changes must be restrained by a recognition of fundamental national interest in maintaining a stable level of overall prices. Nobody...

Author: /time Magazine | Title: Prices: Going Up | 12/15/1967 | See Source »

...assigned to Peter Sellers' memorable madcap comedy series, The Goon Show, which in spirit at least resembled Lester's later movies. "We did sketches that had no beginnings and no endings," he recalls. "They would just evolve into totally unrelated situations. You would have a spiral staircase, for example, and down it would be coming a line of U-boat captains and a line of chorus girls...

Author: /time Magazine | Title: New Movies: Vaudeville of the Absurd | 11/17/1967 | See Source »

Aided by the fluent camerawork of Robert Frank and Etienne Becker, Rooks served as his own writer, director and star, turning himself inside out on the screen. He traces his course from mixed-up rich man's son along a dizzying downward spiral, through some hard-edged therapy at a Paris sanatorium, and toward the bright end of self-realization. Rooks sees most of his life from a hospital bed in a series of intricate overlapping flashbacks that add up to a collage of visions, ranging from drug-inspired distortion to moments of near lucidity. A razor-sharp editing...

Author: /time Magazine | Title: Cinema: The Self as Hero | 11/17/1967 | See Source »

...Peter Lorre-like psychopathic killer, a white-haired father and his smarmy son. With virtuosity, Hepburn and Arkin collaborate to revive an old theme-The-Helpless-Girl-Against-the-Odds-that has been out of fashion since Dorothy McGuire and Barbara Stanwyck screamed for help in The Spiral Staircase and Sorry, Wrong Number. If Hollywood is still counting money, it ought soon to be back in style...

Author: /time Magazine | Title: Cinema: The Return of the Helpless Girl | 11/3/1967 | See Source »

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