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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!