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...types of equipment will get very expensive." The resulting pressure, Thurow argues, could be contained only by a rate of productivity growth greater than the U.S. has experienced in 16 years (productivity actually declined in 1980). Or it would have to be paid for by tax increases on private consumption???but Reagan proposes to cut income tax rates 25% over the next three years...

Author: /time Magazine | Title: Arming for the '80s | 7/27/1981 | See Source »

...Senator since 1967). But he is suffering severely from a late start and showing little if any talent for campaign organizing. John Anderson's proud independence and stubborn insistence on advocating unpleasant proposals?he hammers away on the need for a 500-per-gal. gasoline tax to reduce energy consumption???have won much favorable media attention and a core of devoted followers. But the core remains small. John Connally's smooth wheeler-dealer conservatism has excited corporate executives but not the electorate; he has been reduced to staking everything on a strong showing in the primary in South Carolina...

Author: /time Magazine | Title: Reagan's Rousing Return | 3/10/1980 | See Source »

...present flow of narcotics to the West is capable of supporting a savage rise in consumption???and with it, savage rises in crime, in crippled lives and in deaths. Hard statistics are hard to come by, but the best Government estimates put the U.S. heroin-addict population at 560,000?ten times the level of 1960 and almost double what it was only two years ago. On the average, a U.S. addict spends $8,000 a year to support his habit; in New York City, with an addict population of more than 300,000, as much...

Author: /time Magazine | Title: NARCOTICS: Search and Destroy--The War on Drugs | 9/4/1972 | See Source »

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