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What the first-quarter results make clearer is that the economy can grow more than 3% while holding real inflation below 2%. The same can be said about unemployment. The latest unemployment figures came in at 5.4%; that's well below the 6% unemployment figure that is supposed to trigger inflation through demands for higher wages, according to the standard view. This view fails to take into account the forces of global competition. American workers no longer compete for jobs only with one another, but with workers worldwide, and that tends to dampen wage demands at home. Wage inflation...

Author: /time Magazine | Title: FEAR OF INFLATION IS STIFLING THE NATION | 5/20/1996 | See Source »

...Shepard's 1979 Pulitzer-prizewinning Buried Child will open April 30 on Broadway. "The play was never designed for Broadway," says Shepard. "It started in a 95-seat theater in San Francisco." But under the direction of another sometime film star, Gary Sinise, things changed. "It's a lot clearer now," the playwright says. "And the humor has been brought out." Fans of Shepard's chiseled appearance can stay at home. He doesn't intend to do Broadway himself. "I wouldn't want to act onstage," he says. "I don't have the rigor for it." Followers of his work...

Author: /time Magazine | Title: People, Apr. 22, 1996 | 4/22/1996 | See Source »

...only did Kerry blast Weld's record at last night's debate, but he also took the opportunity to respond to recent criticism that he has no definitive record in the senate. Kerry attempted to give Massachusetts voters a clearer sense of what he has accomplished in his years as senator...

Author: NO WRITER ATTRIBUTED | Title: Senate Hopefuls Kerry, Weld Debate in Boston | 4/9/1996 | See Source »

...also envy the sense of continuity and history and community they enforce; and marvel at how a society can function like an orchestra, each person playing his part while attending to a common score. A country with a sense of seasons has greater respect for the old, and a clearer sense of tomorrow. That is why newspapers in Japan that meticulously chart the dates on which the leaves will fall may be precious in not just the derogatory sense. And why a Japanese would understand why this most autumnal of meditations is being published at the very time when most...

Author: /time Magazine | Title: SPRING BREAK, HERE WE COME | 4/1/1996 | See Source »

...they say, maybe it is possible--in principle, at least--to build an electronic machine that can do everything a human brain can do. They just think people like Dennett misunderstand the import of such a prospect: rather than bury old puzzles about consciousness, it resurrects them in clearer form than ever...

Author: /time Magazine | Title: CAN MACHINES THINK? | 3/25/1996 | See Source »

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