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...better prepared, wisely make many decisions not for the short but for the long term. The computer population has grown from 300 to 11,000 in eight years, and is forecasting demand faster and more accurately, making sharp swings in inventory unnecessary. As a result, recessions are becoming briefer, shallower and less frequent, and periods of prosperity are lengthening. In the 85 years before World War II, the average slump lasted 21 months; since then it has shrunk to ten months, while the length of the typical peacetime recovery has increased from 25 months to 32 months. Perhaps the recoveries...

Author: /time Magazine | Title: The Economy: New & Exuberant | 5/31/1963 | See Source »

...because businessmen then were "writing-off" depreciation expenses on machinery that they had bought at relatively low prewar prices; lately businessmen have been depreciating much costlier postwar equipment. In addition, the laws have been greatly liberalized since 1948 to allow businessmen to take bigger write-offs over briefer periods, and thus charge off against "depreciation" a lot of income that otherwise would have been counted as straight, taxable profit...

Author: /time Magazine | Title: The Economy: Where the Blame Lies | 12/7/1962 | See Source »

...speech was notably briefer than the Panditji's customary Independence Day oration. Without mentioning Communist China, he warned: "People living across our borders look at us with hostile eyes and occasionally talk of war. I hope there won't be any war, but let us be prepared." Preparedness, he emphasized earlier at a press conference, does not include allying India with Asia's anti-Communist nations or joining "some military bloc." "Even if disaster comes to us on the frontier," he said, "I am not going to let India rely on foreign arms to save its territory...

Author: /time Magazine | Title: India: Who's Next? | 8/24/1962 | See Source »

Dillon dinners were worth a star, perhaps two, in the Guide Michelin. Dillon was what bureaucrats call a "quick briefer." He read every cable that left the embassy, demanded hyperaccurate reporting from subordinates. He had a habit (as he still does) of catching up aides on small-but often significant-errors. Eventually, even the Foreign Service pros gave him their respect...

Author: /time Magazine | Title: The Economy: Man with the Purse | 8/18/1961 | See Source »

...spokesman and newsmaker. He is releasing not only important news of the White House, but, as a device to limit the questioning, secondary news of the departments as well. Accordingly, he is attracting at every conference many more reporters than Eisenhower's norm." As one solution, Reston suggested briefer questions: "It wouldn't hurt if the reporters learned from Kennedy the arts of brevity and precisions of speech. Many of them are now following the example of the old lady who said, 'How do I know what I think until I hear what...

Author: /time Magazine | Title: The Press: J.F.K. & the Conference | 3/24/1961 | See Source »

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