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...years since the Continental Congress began encouraging new manufacturing, a great deal has been done. Most colonies have forbidden the slaughter of lambs or sheep and the eating of mutton so that more sheep will be available for the infant wool industry ?textiles having suffered from the most stringent British prohibitions. A year ago, there were no fulling mills for woolen cloth in New Jersey; now there are 41. The Virginia Convention resolved to turn "from the cultivation of tobacco to the cultivation of such articles as may form a basis for domestic manufactures, which we will endeavour...

Author: /time Magazine | Title: Can America Afford Independence? | 7/4/1976 | See Source »

...accept unlimited liability for damage claims that might arise out of a nuclear accident (at present, federal law limits their liability to $560 million per accident). Second, both houses of the California legislature had to certify, by a two-thirds vote, that an existing or planned plant met certain stringent safety requirements. Snorted Former Governor Edmund G. ("Pat") Brown: "You can't get a two-thirds vote for a Mother's Day resolution...

Author: /time Magazine | Title: ENERGY: A Go-Ahead for Nuclear Power | 6/21/1976 | See Source »

...brake sterling's slide through March and April, the Bank of England used up $2 billion in reserves, then borrowed from the International Monetary Fund in May. Almost certainly, further borrowings would only be available in return for a program of stringent cuts in government spending. Yet spending cuts would jeopardize the key element in the Labor government's strategy to pull Britain back from its economic abyss: an agreement by the leadership of the Trades Union Congress to hold wage increases to 4½% ($4.61 on an average worker's salary) beginning Aug. 1 (TIME...

Author: /time Magazine | Title: BRITAIN: Test of Nerve | 6/14/1976 | See Source »

...class to 50 students, in order "to give more personal, one-to-one contact. I can't do that with 200 people," he says. Indeed, that's how many showed up for the first class two years ago, but over two-thirds were discouraged by the course's stringent academic requirements...

Author: By Jonathan J. Ledecky, | Title: Dr. J. 's Psychology Show | 6/2/1976 | See Source »

Inflation continues to be a formidable threat to the European comeback, but even the price front showed promising news last week. Leaders of Britain's powerful unions tentatively agreed with the government to accept stringent new voluntary wage controls, to take effect...

Author: /time Magazine | Title: Business: A Sudden Surge in Europe | 5/17/1976 | See Source »

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