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...inflation to 5%. In a few months, Finance Secretary Jan-ko Smole will supervise decentralized units of management, labor and government representatives that will set wage rates in each enterprise by a kind of collective bargaining within broad limits imposed by the state. The government is also trying to spur corporate expansion by increasing the proportion of foreign-currency earnings that companies may keep for reinvestment rather than handing over to the central bank. The limit in most enterprises has been raised from...

Author: /time Magazine | Title: YUGOSLAVIA: A Red Wall Street? | 5/8/1972 | See Source »

...rabid Madison Square Garden fans screeched DEE-fense. DEE-fense to spur New York into a ball-stealing frenzy. Jerry West calmly sunk a twenty-footer from the right side, and teammate Gail Goodrich followed with another basket moments later to rescue the Lakers from danger...

Author: By John L. Powers, | Title: The Once Dependable Lakers Are Dependable No Longer | 5/4/1972 | See Source »

...some. In the opening speech of a Knesset (Parliament) debate on the proposal, Premier Golda Meir was both skeptical and sarcastic. The King's message, she said, "is a pretentious and one-sided statement which not only does not serve the interests of peace but is liable to spur on the extremist elements [in the Arab world] whose aim is war against Israel." Predictably, Mrs. Meir was totally opposed to Hussein's suggestion that Israel surrender part of Jerusalem and the Gaza Strip to enlarge his nation. "He crowns himself king of Jerusalem," she said scornfully, "and envisions...

Author: /time Magazine | Title: MIDDLE EAST: A Bold New Plan for Peace | 3/27/1972 | See Source »

Enormous Pains. Brando's stunning performance seemed to spur the entire cast. Coppola, working from the emotional inside of his subject, was able to succeed as few American film makers have in evoking the texture and variety of an ethnic subculture. He took enormous pains to project a believable period milieu, using old cars, plastering buildings with correctly dated posters and handbills, even making sure that such minute items as pencils and lipsticks were authentic. He and his cinematographer emulated the visual style of the period, eschewing zoom lenses, fast cuts and jarring closeups. They used many longer tableau...

Author: /time Magazine | Title: Show Business: The Making of The Godfather | 3/13/1972 | See Source »

...admits that he is likely to run up the biggest three-year red-ink totals that the U.S. has ever experienced outside of the World War II period: an estimated $87 billion for fiscal years 1971 through 1973. The President argues persuasively that the deficits are necessary to spur a lagging economy. Even so, he has felt obliged to limit some programs that his Administration earlier had labeled top priority. For instance, the Labor Department has kept the number of people in its manpower-training programs below 1.3 million, although the persistence of a nearly 6% unemployment rate cries...

Author: /time Magazine | Title: MONEY: Empty Pockets on a Trillion Dollars a Year | 3/13/1972 | See Source »

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