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California's Reagan, a neophyte in government, almost certainly faced the necessity of a tax hike, but proposed a tough-minded reappraisal of exactly what state funds were being doled out for. "The time has come," he said, "to run a check to see if all the services government...

Author: /time Magazine | Title: The States: The Governors Speak | 1/13/1967 | See Source »

Even so, it is quite a fight. At the start of last week, no fewer than 13 teams besides U.C.L.A. were unbeaten. By week's end the number was down to seven-and some of the survivors were on the critical list. No. 2-ranked Louisville had all it...

Author: /time Magazine | Title: College Basketball: Who's No. 2? | 1/6/1967 | See Source »

Sequence of Squeeze. With inflation becoming a reality as prices jumped, the Federal Reserve at midyear made a hairpin turn. It shifted from expanding the money supply at a 6% annual rate to contracting it by a 2% rate, doing so by selling Government bonds to sop up cash. From...

Author: /time Magazine | Title: The Economy: The Year of Tight Money And Where It Will Lead | 12/30/1966 | See Source »

To the Precipice. August saw the worst banking squeeze since Franklin Roosevelt's bank holiday of 1933. Though the supply of available money had fallen about $2 billion from the end of June to the end of July, a record high $3.7 billion in new issues of bonds and...

Author: /time Magazine | Title: The Economy: The Year of Tight Money And Where It Will Lead | 12/30/1966 | See Source »

G.I. Joe is the 11½-in.-high doll whose face-a composite of 20 Congressional Medal of Honor winners-is instantly recognized in at least 10 million American homes. Launched over three years ago by Hassenfeld Bros, of Pawtucket, R.I., he has 21 movable parts that enable him to...

Author: /time Magazine | Title: Toys: Front & Center | 12/23/1966 | See Source »

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