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...much of U.S. plant and equipment has become considerably older than that of Japan? To newly assertive foreign experts, the misguided emphasis on short-term profit seems to blind U.S. managers to the need for more research and development; moreover, they appear unable to develop long-range problems of chronic inflation and soaring energy costs. And why has quality been declining? Partly because U.S. professional managers have cared less about what they produce than about selling it -and less about selling than about bookkeeping and tax-law legerdemain and building conglomerates that sometimes fall in ruins. "For much...

Author: /time Magazine | Title: The Money Chase | 5/4/1981 | See Source »

...High School, but she speaks for all her schoolmates when she recalls that John Hinckley was "so normal he appeared to fade into the woodwork." Nonetheless, some time in the barren years since his 1973 graduation from high school, Hinckley went beyond mere ordinariness. His solitude and fecklessness became chronic, and he started drifting...

Author: /time Magazine | Title: A Drifter Who Stalked Success | 4/13/1981 | See Source »

Neighborhood watch groups are springing up in most large cities, often with the enthusiastic support of police. These groups try to get to know who belongs in a neighborhood and who the chronic troublemakers are, and they keep an eye on suspicious strangers. Many have car patrols that stay in touch by CB radio. The watch groups usually avoid confronting a potential criminal but call the police...

Author: /time Magazine | Title: The Curse of Violent Crime | 3/23/1981 | See Source »

...surprisingly, Brezhnev devoted two-thirds of his keynote speech to domestic affairs, stressing higher industrial and agricultural productivity and less waste. Speaking later in the week, Premier Nikolai Tikhonov spelled out the guidelines of a new five-year economic plan that aims, among other things, at overcoming chronic shortages of food and consumer goods. In that context, Tikhonov criticized the loss of trade with the U.S., which has dropped by more than 50% the past year. "It is not our fault that trade with the U.S.A. is declining," said Tikhonov in an obvious reference to Jimmy Carter's post...

Author: /time Magazine | Title: Soviet Union: An Olive Branch of Sorts | 3/9/1981 | See Source »

...that inflation hits the poor the hardest. But lately, inflation has gotten so bad that the middle class has added its collective voice to cry for help. Reagan's economic package will rely on two basic measures, tax-cuts and expenditure cuts, to cure the nation's now chronic ills of low productivity and low growth. Legislators should concentrate their efforts on making sure that cuts in federal programs are aimed not at those who can least afford them, the urban poor, but at inefficiencies in the government bureaucracy, and especially the Defense Department. They should take a gradual approach...

Author: By Laurence S. Grafstein, | Title: A New Start | 2/10/1981 | See Source »

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