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Those of you who are culturally literate, contributing members of society undoubtedly responded "Francis Bacon" without a moment's hesitation, for you are well schooled in the essential tidbits of information that bind our great nation together. Of course, when it comes to specific knowledge we should all share, the majority of us are illiterate, basically worthless and perfect examples of why America is plummeting into an educational abyss...

Author: By Michael R. Grunwald, | Title: Culture Schlock | 1/20/1989 | See Source »

...restrain the economy without choking it? Says John O. Wilson, chief economist for Bank of America: "The Fed is in a real bind right now. It is going to have to walk a tightrope. And if it doesn't act soon, the financial markets will lose confidence." Says Melton: "In principle, this can be done with such awe-inspiring precision that the economy slows down to a growth rate of exactly 2% and inflation starts to slow. But as a practical matter, it rarely works out." If credit is too tight, the resulting interest- rate run-up could trigger...

Author: /time Magazine | Title: No Joyride in 1989 | 1/9/1989 | See Source »

...margin amounted to a firm endorsement of the issue that totally dominated the campaign: the Canada-U.S. Free Trade Agreement. Signed by Mulroney and Ronald Reagan last January and passed by the U.S. Congress, the accord will bind the world's largest bilateral trading relationship -- last year's value was about $132.5 billion -- into a single duty-free market within ten years. Two days after the triumph, the Prime Minister's office announced that Parliament would meet Dec. 12 to approve the pact...

Author: /time Magazine | Title: Canada Those Irish Eyes Are Smiling Again | 12/5/1988 | See Source »

...disputes the SSC's scientific importance. Physicists' knowledge of the subatomic particles that make up atoms, the bits that constitute the particles and the forces that bind them all together depends on accelerators -- and the bigger the better. The reason: the best way to produce particles for study is to create intense bursts of energy. Einstein's discovery that matter and energy are equivalent guarantees that such bursts will spontaneously transform themselves into particles of matter. The SSC would make these extremely concentrated energy bursts by using its magnets to guide protons, moving at nearly 186,000 miles per second...

Author: /time Magazine | Title: Science: A Controversial Prize for Texas | 11/28/1988 | See Source »

...help in a time of financial crisis," said PBH President Van L. Truong '89. "Where else can we turn?" Truong cited the fact that council leaders told faculty members last spring that, if their term bill fee were doubled, they would try to help PBH out of its fiscal bind...

Author: By Joseph R. Palmore, | Title: PBH Asks Council for $20K | 11/3/1988 | See Source »

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