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...lesson, as University of Southern California Economist Arthur Laffer has shown in the so-called Laffer Curve, is that when taxes go up, economic activity goes down. Empires from Rome to Britain reached their fullest flower when their taxes were low, Wriston remarks, and started to self-destruct as taxes rose. Americans feel uneasy about their economy, partly because federal, state and local governments tax away 29% of the gross national product. Warns Wriston: "We are getting very close to the point where high taxes will cause the economy to deteriorate...

Author: /time Magazine | Title: Executive View by Marshall Loeb: Who Killed Jack Armstrong? | 5/1/1978 | See Source »

...Gelsey sped through every challenge of the choreography, the visual equivalent of the rippling Chopin score. Though some in those days found her work rather cold, reservations never centered on her talent. The question was not whether she could make it to the top but whether she would self-destruct first. For her fame within dance's inner circle rests not just on her skill but on her ability to take a hard road and make it much, much harder. "I was a compulsive worker," she says, "even at eight...

Author: /time Magazine | Title: Dance: U.S. Ballet Soars | 5/1/1978 | See Source »

...essence of the phenomenon under study here. On the one hand, you are dealing with a mass of tangled metal marking the deaths of otherwise unknown people, while on the other hand you become personally involved with the drawn-out spectacle of a human being operating on an auto-destruct frequency. You find yourself reduced to the conclusion that the ingredient of empathy has come into play at some point during the vigil, even if the precise reasons accounting for your continued presence persist in eluding...

Author: By Joe Contreras, | Title: Unwrapping Mr. Goodbar | 10/24/1977 | See Source »

Trilling, 71, addresses contemporary events and issues with the energy and wide-ranging curiosity usually attributed to the young. She speaks in a distinctive voice, lucid, commonsensical and compassionate. She is an ideal witness to "the self-destruct history" of the '60s and '70s-that "procession of events each of which had its full dramatic or even melodramatic moment, only to be virtually wiped from memory by a next event, a next dramatic moment...

Author: /time Magazine | Title: Books: Self-Destruct History | 6/13/1977 | See Source »

...safeguards to multiply in the outside world. Faced with this problem at the Asilomar conference. Geneticist Roy Curtiss III proposed an ingenious solution: Why not convert the standard genetic research organism, a strain of the E. coli bacterium, into a seriously weakened mutant variety that would quickly self-destruct if it escaped the laboratory? Curtiss volunteered to engineer the new bug, and his colleagues agreed to hold off on many of their recombinant DNA experiments until they could be supplied with...

Author: /time Magazine | Title: Science: Making a Safer Microbe | 4/18/1977 | See Source »

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