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...highest figure since these statistics were first compiled in 1967. That strengthened indications that the September unemployment rate might have hit 10% for the first time since 1940. Already, politicians in both parties are referring to Friday, when the September rate will be announced, as Double-D (for double-digit...

Author: /time Magazine | Title: Taking Aim at Reagan | 10/11/1982 | See Source »

...leaders on Capitol Hill, Reagan decided to reject the measure. "This bill would bust the budget by nearly a billion dollars," contended the President in a toughly worded message to Congress, alluding to the outlays for the domestic programs. "This simply is not tolerable in the face of triple-digit deficits...

Author: /time Magazine | Title: You Can't Win 'Em All | 9/20/1982 | See Source »

...first time that the Begin government had been accused of mismanagement of the economy. Confronted with widespread discontent over Israel's triple-digit inflation during his re-election campaign last year, Begin appointed Yoram Aridor as Finance Minister and gave him a mandate to lower taxes on such luxury items as color TVs and household appliances, a short-term ploy that helped the Likud win the election-but only at the cost of rekindled inflation a few months later...

Author: /time Magazine | Title: Israel: Surviving Another Cliffhanger | 5/31/1982 | See Source »

Rambaldi's monsterpiece is about the height of a four-year-old child, with a large, lumpy, pulsating skull, a neck that extends or retracts according to mood, skin that is a very alien gray-green when E.T. is healthy, and long, marvelously graceful arms with four-digit hands. He is very strange and complex in his repertory of emotions, although he is allowed only a ten-word speaking vocabulary (his voice is that of an 82-year-old woman with some electronic distortion). He is onscreen most of the time, and he takes a firm, sure hold...

Author: /time Magazine | Title: Cinema: Creating a Creature | 5/31/1982 | See Source »

...Federal Reserve does its job have undergone radical changes that help explain what is happening to interest rates. A decade ago, the typical American saver was content to earn 4½% or less in a passbook account, which was the maximum allowed by law. In the 1970s, double-digit inflation arrived, and the passbook account became a bad deal. Money quickly lost its purchasing power when it was saved at 4½% interest while prices rose at a 10% clip...

Author: /time Magazine | Title: Those | 5/3/1982 | See Source »

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