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...Seger criticized the board for failing to ease credit earlier, which she believes might have prevented the recession. Seger contended that the Fed is staffed by academics with little business experience and even less sense of the effects of their decisions. The Fed's decisive move last week should dampen the criticism, at least...

Author: /time Magazine | Title: THE ECONOMY O.K., O.K., We Give In! | 2/11/1991 | See Source »

Fears of war and recession dampen holiday spirits. -- The states struggle to balance their budgets. -- A controversial flip-flop over minority scholarships greets a new Education Secretary...

Author: /time Magazine | Title: Time Magazine Contents Page | 12/31/1990 | See Source »

...research has shown that prolonged viewing by children of violent programs is associated with more aggressive behavior, such as getting into fights and disrupting the play of others. (A link between TV and violent crime, however, has not been clearly established.) Other studies suggest that TV viewing can dampen kids' imagination. Patricia Marks Greenfield, a professor of psychology at UCLA, conducted experiments in which several groups of children were asked to tell a story about the Smurfs. Those who were shown a Smurfs TV cartoon beforehand were less "creative" in their storytelling than kids who first played an unrelated connect...

Author: /time Magazine | Title: Video: Is TV Ruining Our Children? | 10/15/1990 | See Source »

Amid such crosscurrents, many economists hope that the White House and Congress will make substantial progress in their talks on shrinking the budget deficit. While the proposed $50 billion reduction could dampen the economy in the short run, many experts argue that a smaller deficit would reduce the danger of rising inflation and encourage the Federal Reserve to let interest rates fall. "I would have preferred to see the deficit attacked earlier, when + the economy was stronger," says Lyle Gramley, chief economist for the Mortgage Bankers Association and a former Federal Reserve governor. "But we ought to take the risk...

Author: /time Magazine | Title: Needed: More Get Up and Go | 7/23/1990 | See Source »

...electronic media did not create the thought-controlled world predicted by George Orwell in 1984. Decades of attempts to control information in the Soviet Union backfired in the worst possible way: the government could not convince people they lived in a worker's paradise, but it could dampen the knowledge flow sufficiently to stifle the innovation necessary for a robust economy...

Author: /time Magazine | Title: Technology: Dashed Hopes and Bogus Fears | 6/11/1990 | See Source »

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