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...supplying Latin visitors with products that either cost them much more at home or are not available at all because of import restrictions. "Some tourists spend their vacation in my store," he says. "They buy their whole year's needs of brands they know-Arrow shirts, Levi Strauss and Wrangler jeans, Pierre Cardin and Christian Dior." When leaving Miami, Latin American tourists often require a second and sometimes a third cab to tote their goodies to the airport...

Author: /time Magazine | Title: Business: Here Come the Foreign Tourists | 6/5/1978 | See Source »

...Director, James Mclntyre, are under attack for being unable to reduce the volume of the red ink any more than that. Last week Carter pledged to do better in his 1980 budget, saying that new spending will be severely restricted. Meanwhile, the President's chief inflation fighter, Robert Strauss, predicted that the deficit in the 1980 budget will be "well below" $40 billion...

Author: /time Magazine | Title: Business: Price Fight: Some Hope | 6/5/1978 | See Source »

Such jollity is the sugar coating for bitter medicine that somehow must be administered. Strauss has discovered the self-generating nature of inflation. When prices rise, national concern rises, which instantly breeds new wage demands and pressure on the markets, which produce more price increases. "Then everybody is grabbing to get theirs," he sighed...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: In the Fog, a Man Searching | 5/15/1978 | See Source »

Through back-room cajolery, a few public threats and even a martini lunch or two, Bob Strauss has never failed at a public challenge yet. Even with the inflation odds running against him, he is an optimist and just recently he got hold of something in the fog. One morning Strauss told Carter that he was convinced the President's public threats to veto the emergency farm bill had led to the bill's strangulation in Congress, and this gave moneymen hope that Carter was going to be tough, and then this helped rally the stock market. Carter...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: In the Fog, a Man Searching | 5/15/1978 | See Source »

Powell should have quit while he was behind. He tried a tasteless crack about a William Safire column "saying that Bob Strauss has been inflation czar for three days and nothing was any cheaper. Bob said that wasn't true," reported Powell, who went on to quote Strauss as asking: "What about the Pulitzer Prize?" (Safire had just won one.) "I like that, Jody," one listener shot back, and Powell riposted bitterly: "Well, then, that's the first thing this Administration has done that you've liked." Powell also mock apologized for attacking what he called...

Author: /time Magazine | Title: Press: Adversary Relationship | 5/15/1978 | See Source »

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