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...early topping of the Campaign's financial half-way mark a few months ago coincided with the disheartening news that tax cuts could well curtain the flow of free money to University coffers. So now the future of the Campaign boils down to questions of momentum versus questions of economic disincentives. Everything depends on which phenomenon supercedes the other...

Author: By Nancy F. Bauer, | Title: A Painful Tax Break | 9/14/1981 | See Source »

...first-act curtain came down last week, as Congress overwhelmingly approved final language of the bitterly contested tax bill that passed two weeks ago. Over the next three years, the measure will cut personal jates by a total of 25% and provide a bevy of benefits for oil firms, savings and loan institutions, commodities traders and other businesses with powerful lobbyists. Altogether, the bill will reduce federal revenues by $750 billion by fiscal 1986. Senator Edward Kennedy made a last-ditch fight against some of the $33 billion worth of giveaways to the oil industry but accomplished little more than...

Author: /time Magazine | Title: A Not-So-Brief Intermission | 8/17/1981 | See Source »

...half a dozen miles to the rear, in the town of Hof, is the headquarters of the Second Armored Cavalry Regiment. The Second is at the very forward edge of the U.S. commitment to nato, some 3,800 men assigned to the surveillance of 400 miles of the Iron Curtain. They are screening, among other places, the "Hof Corridor" into upper Bavaria, a less likely battlefield than the north German plain or the Fulda Gap in central Germany but perhaps a tributary invasion route. A feisty Lieut. Colonel from Florence, Ala., Tony Brinkley, 39, thinks the Second could give...

Author: /time Magazine | Title: Essay: The Shaky State of NATO | 8/10/1981 | See Source »

What's behind the curtain will be revealed in due diplomatic course-the palace usually makes the official announcement of wedding gifts soon after the ceremony-but one thing is already clear. The royal newlyweds are coming up a little short on the practical end. "Actually," confessed a palace spokesman, "they have not got a thing." There is an abundance of silver bowls and candlesticks, of course. But Charles has joked about camping "on my orange boxes" at Highgrove, and there are those who are taking him at close to his word. Despite an annual income of well over...

Author: /time Magazine | Title: Magic in the Daylight | 8/3/1981 | See Source »

...significant victories. Over Japan's objections, the conference set a "zero quota" on all sperm whaling in the Southern Hemisphere and the North Atlantic. As a gesture to the Japanese, a decision on the North Pacific was deferred until the spring. Said Garrett: "This might be the final curtain for sperm whaling...

Author: /time Magazine | Title: Environment: Battling for the Leviathans | 8/3/1981 | See Source »

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