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Administration officials quickly tried to dampen the rising rebellion. Senior economic advisers led a hushed but urgent campaign to prevent the influential Business Roundtable from endorsing a more modest alternative to the President's 1,300-page plan. White House economics chief Robert Rubin and Deputy Treasury Secretary Roger Altman telephoned insurance-company CEOs at Prudential, Chubb, American International Group and CNA to urge them not to endorse the rival plan, backed by Representative Jim Cooper of Tennessee and Senator John Breaux of Louisiana. But the Administration's pre-emptive strike met with resistance. Late Friday an informal straw poll...

Author: /time Magazine | Title: Crisis? What Crisis? | 1/24/1994 | See Source »

...steady rain of anti-Freud arguments did little to discourage the parade of his theories or to dampen the zeal of his followers. In fact, Freud erected an apparently invulnerable umbrella against criticisms of psychoanalytical principles. He characterized such disagreements, from patients or anyone else, as "resistance" and then asserted that instances of such resistance amounted to "actual evidence in favor of the correctness" of his assertions. For a long time, this psychoanalytic Catch-22 worked wonders: those who opposed the methods put forth to heal them and others could be banished, perhaps with a friendly handshake and a knowing...

Author: /time Magazine | Title: The Assault on Freud | 11/29/1993 | See Source »

...schools are forced to waste valuable resources on recruiting, in fear of losing their top prospects to other schools. Smaller schools that want to compete in the big league are shelling out huge amounts to keep toeholds on the same applicants. Finally, incredible offers by Wabash States dampen the ability of a top school to hand-pick its incoming class (judged by the percentage of admits who matriculate...

Author: By Hugh G. Eakin, | Title: The Free Agency Applicant | 10/5/1993 | See Source »

...taxes on the middle class, since new energy taxes will hit all families earning more than $30,000. They pointed out that for the next two years, virtually every penny of the deficit reduction will come from tax hikes rather than spending cuts. They warned that raising taxes would dampen the recovery, spook consumers and investors, and ultimately cost jobs by suppressing growth. "I felt good about the proposals," said Dick Johnson, a retired aeronautical engineer in Dallas, "until I heard the Republicans telling me nothing was going to change...

Author: /time Magazine | Title: Bill Clinton: Working the Crowd | 3/1/1993 | See Source »

Clinton used his appearance before 60 people in a suburban Detroit television studio to dampen expectations of a middle-class tax cut. Meeting with business executives the next day, he floated the idea of a hike in the top corporate tax rate, currently 34%, as well as a broad-based energy tax. But the President backed away from hints that he might seek a one-year freeze on Social Security cost of living adjustments, after trial balloons to that effect caused a predictable uproar among the elderly and their friends in Congress. Clinton called on Americans to hear the "alarm...

Author: /time Magazine | Title: Clip, Clip Here, Clip, Clip There | 2/22/1993 | See Source »

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