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‘Politics has gotten so expensive it even takes a lot of money to get beat with,’ said Will Rogers, a full 40 years ago. The remark is at least as true today.

John Nance Garner, twice Franklin Roosevelt's Vice‐President, came to the conclusion that ‘the vice‐presidency isn't worth a pitcher of warm spit’. At least, that is the way his remark is recorded by scholars, though anyone who knew the sage of Uvalde, Texas, will believe that his turn of phrase was probably more basic.

A few weeks ago Cathy, the 11‐year‐old daughter of some friends of mine, came home from school with a questionnaire. She was asked to answer 22 points about her classmates, nominating three in each case.

During the Depression people went round asking “Buddy, can you spare a dime?” By 1969 beggars on Broadway thought 20 cents the minimum donation. In the last few months, as they have suffered from inflation, derelicts have boosted their demands to 30 cents.

NINETEEN‐SEVENTY‐ONE is going to be a pretty tough year and the new Government will encounter plenty of hurdles seemingly designed to prevent it getting into full stride. Legacies of the Labour Party's administration, new storm clouds on the horizon—some not so embryonic—and an untried, suspect, machinery to drive the show along at home and abroad, compound a daunting future. On such a threshold there is no place for illusions and little time for self congratulation should the opportunity arise, it is the moment for a knifing self appraisal with all the necessary surgery to go with it—and if there isn't enough palliative or anaesthetic to go round then prepare for shock effect.

From a high point last year of £3?10 the share price of International Computers (Holdings) Ltd. has dipped below £1·50 for the first time, with a pronounced decline coming in the last three months of 1970 and the early part of the current year.

Commencing with the June 1972 issue, Industrial Management will be both published and printed by Wilding & Son Limited of Shrewsbury, who have recently purchased this Journal from the Mercury House Publishing Group. The quality of the editorial and its forward‐looking policy will remain unchanged under the editorship of John Lawless, whilst plans are formulated for the injection of new initiatives under the fresh leadership of Wildings.

‘Full‐Time Profits, Part‐Time Efforts’, ‘Follow the rainbow path to financial success’, ‘No experience necessary’, ‘Tired of Being Bossed Around?’—So read the advertise‐ments for franchising.

‘One would hate to see the US carried away to extremes. All that President Nixon wants, as he has said on several occasions, is “fair trade”—and that the United States should come out ahead, which is a natural definition of fairness.’

On the day Apollo XI was launched to the moon, passengers on the Spirit of St. Louis sat down on the track in front of the locomotive until the train's air‐conditioning was repaired.