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...supermarket shelves and in housing and education, but the pace of inflation is buoyed by a core-rate stimulated by unchanging anticipation of these increasing prices. Companies and labor unions decide expenditures, wage policies and investment strategies with a stream of future price increases in mind. The need to alter this conception for the future has played a large role in the administration's strong ideological tack against budget increases and fiscal waste. Stockman personifies a ruthlessness in policy and intent meant to foster the nation's belief in the positive results of the supply-side experiment. The Reagan administration...

Author: By Siddhartha Mazumdar, | Title: When the Ax Comes Down | 4/3/1981 | See Source »

...illuminate the work a bit at a photo session with Beatrice Arthur, Jack Weston and other cast members. "It's a modest little play," he insists. "The basic idea is an enclosed domestic situation, not really as large in scope as a film." Does it contain an Allen alter ego? "Not even remotely," says Woody, though cast members think they recognize him in a 17-year-old character whose magic trick gives the play its title. Is it funny? "Well," he says, "it's not a door-slamming bedroom farce, but it is a comedy -I hope...

Author: /time Magazine | Title: People: Mar. 30, 1981 | 3/30/1981 | See Source »

...offer a sober assessment of the state of the nation, as well as realistic options for the future. We have not been willing to dedicate ourselves to change, yet change is overpowering us. Does anyone think we can't alter the future? We do so every day, through our advocacy or our complacency. Accepting reality doesn't have to mean shelving cherished values and institutions, but it does mean making them work...

Author: /time Magazine | Title: Letters: Mar. 16, 1981 | 3/16/1981 | See Source »

...head of Washington's Ethics and Public Policy Center, he caught Reagan's eye with a paper titled "The Trivialization of Human Rights." In it Lefever rejected the basic premise of the division he now heads: "There should be a profound moral constraint on efforts designed to alter domestic practices, institutions and policies within other states." He aroused a particularly bitter controversy by defending sales of powdered infant feeding formulas in underdeveloped nations-a trade that critics say produces alarming rates of malnutrition and infant death-while at the same time Lefever's center received funding from...

Author: /time Magazine | Title: Thunderers on the Right | 3/16/1981 | See Source »

After cataloguing some fossils, Johanson introduced a colleague to a section labeled Locality 162. They came across an arm bone, then other parts from the same creature. By happenstance, they had unearthed a find that would alter the accepted view of man's origins...

Author: /time Magazine | Title: Books: Happy Hominid | 3/16/1981 | See Source »

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