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Economists have long disputed the idea that they practice "the dismal science," but when TIME'S Board of Economists met last week to assess the state of the U.S. economy "dismal" was about the only word to describe their forecasts. In perhaps their gloomiest session ever, the economists predicted a continuation throughout the year of all the nation's present economic woes: torrid inflation, skyscraping interest rates, sluggish growth, stubborn unemployment, a deepening trade deficit. Worse, they foresaw a new and frightening threat: the possibility of a financial crisis from which some savings and loan associations might have...

Author: /time Magazine | Title: FORECASTS: The Gloomiest Outlook Yet | 5/27/1974 | See Source »

...earnest. And he probably did search hard for a writer probing the same problems that engaged him. I wonder if he would have embraced Robert Pirsig delivering his own "talks" from the seat of an old high-miler. I do not know enough about science or philosophy to assess Pirsig's originality from that perspective, but he did not write the book to be weighed in as a philosopher. The autobiographical threads that connect his chautauquas possess the urgency of self-revelation. An attempt to exorcize and thrash the "ghost of rationality" haunts Pirsig's story, and his personal quest...

Author: By William E. Forbath, | Title: Seeking The Good Mechanic | 5/24/1974 | See Source »

Generally it is difficult to assess the personal validity of this kind of memoir. After all, it is so very private as not really to be worth public attention, so it is sufficiently private to be unimpeachable in its own way. But as social commentary, as a unique document of its times, A Darkening Green faces some severe problems. First off, it is not unique. Novelists have dealt with the problems of students since Christ was a corporal (or at least since Raskolnikov murdered his landlady), and A Darkening Green is nothing except the notebooks and commentary of someone...

Author: By Dwight Cramer, | Title: Such, Such Were the Joys | 5/16/1974 | See Source »

Negotiations were scheduled three weeks ago, but A&P cancelled them after the UFW boycott was endorsed by the AFL-CIO. UFW negotiators speculated at that time that A&P wanted to assess the effect of the endorsement before going to the bargaining table...

Author: By H. JEFFREY Leonard, | Title: UFW, A&P May Be Close To Agreement | 5/10/1974 | See Source »

...Speaker of the House should reply to the President's State of the Union message with a congressional State of the Union message. In an address to a joint session of Congress, he would assess legislative priorities and make recommendations to the President on how he should deal with the proposed congressional agenda...

Author: /time Magazine | Title: The Nation: Restoring the Federal Balance | 5/6/1974 | See Source »

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