Magazine content is available exclusively for TIME subscribers.A Letter From The Publisher, Aug. 30, 1971
ONE of the more durable myths of journalism is that big news takes a holiday during the "summer doldrums." Actually, it is the routine activities of government, the arts and business that slacken during the heat. Major events are blind to the calendar, as we were reminded once again by President Nixon's announcement of some extraordinary measures to curb inflation and enhance prosperity.
To present all the economic, political and human aspects of this story as cohesively as possible, we decided to modify our format. Our Business and Nation staffs collaborated on a special...
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