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Simon concedes that his program "is not good politics," and its chances of being adopted by the present liberal Democratic Congress are slim. Still, his proposal should stimulate public debate on a long-neglected issue: how to trigger a faster rate of capital accumulation that would enable the U.S. to finance the myriad private and public investments it must pay for in the next few years...

Author: /time Magazine | Title: TAXES: Simon for Savings | 8/11/1975 | See Source »

...Harvard Business Review decided to run "Embezzler's Guide" to stimulate readers' thinking about how to cope with computer fraud, but H.B.R. Editor Ralph Lewis reports that the only response so far has been a few chuckles. Author Allen doubts that his "Embezzler's Guide" will trigger any sudden increase in crime. Says he: "The people who are in a position to do this know what needs to be done anyway." But he admits that he would "feel bad if somebody got caught embezzling as a result of something he read in the article." Adds Allen: "Naturally...

Author: /time Magazine | Title: FRAUD: Embezzler's Guide | 8/11/1975 | See Source »

...compromising on enforcement at this time. The formula saved face for Employment Secretary Michael Foot, the unions' staunchest defender in the Cabinet, who during the last election campaign flatly committed himself to quit if compulsory wage controls were enforced. There were fears that a Foot resignation would trigger the fall of the Wilson Cabinet. Not only would leftist Energy Secretary Anthony Wedgwood Benn have had little choice but to follow suit; the unions would have withdrawn their support from the government's program as well...

Author: /time Magazine | Title: BRITAIN: The Iron Chancellor Wins | 7/21/1975 | See Source »

...hope is that higher prices for new gas would trigger enough new drilling to arrest the decline in proven reserves by the 1980s, when other forms of gas, notably illogically named synthetic natural gas (which is manufactured from coal) and imported liquefied natural gas could supplement the real stuff, though at a very high cost. For the U.S., the cold reality is that the era of plentiful low-cost natural gas is ending quite as painfully as did the bygone age of cheap, abundant...

Author: /time Magazine | Title: ENERGY: Hot Debate Over Basics | 7/21/1975 | See Source »

...experts expect these developments to trigger a renewed burst of inflation. But there is concern that the recent price rises may presage a move by some companies to seize on the first fragile signs of a rebound, to raise their prices. Any such trend, warns Albert Rees, director of the Council on Wage and Price Stability, would "retard the recovery very severely" by discouraging consumer buying...

Author: /time Magazine | Title: PRICES: Some Worrisome Increases | 7/21/1975 | See Source »

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