A TIME Symposium: View of America: Down and Out or Up and Punching

View of America: Down and Out or Up and Punching?

On Aug. 14, the U.S. was a world champion boxer taking punishment in the corner of the ring. On Aug. 15, by one movement, it had gained the middle of the ring and room for maneuver —a true heavyweight able to dictate the fight. But will its legs stand the next hard round?

WITH this vigorous analogy, Sir Reay Geddes, chairman of Britain's Dunlop Holdings, a huge, diversified rubber concern, summed up many Europeans' views of President Nixon's new economic program and its...

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