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Gramm-Rudman is designed to work with a kind of relentless efficiency. The deficit ceilings set by the bill march inexorably downward. The target is $171.9 billion for the fiscal year that began Oct. 1, and $144 billion for 1987. Then the bill decrees that the deficit go down by $36 billion annual increments: to $108 billion in 1988, $72 billion in 1989, $36 billion in 1990 and finally zero in 1991. If Congress fails to meet these targets, the cuts that automatically kick in will be evenly divided between defense and domestic programs, and they are likely...

Author: /time Magazine | Title: Look, Ma! No Hands! | 12/23/1985 | See Source »

...moment, though, the market and not OPEC clearly sets the price of world oil. If the cartel tries to roust its rivals by cutting prices, OPEC may set off a downward spiral that it will be powerless to stop...

Author: /time Magazine | Title: Spoiling for an Oil-Price War | 12/23/1985 | See Source »

...regular updating of the four-decade-old RDA tables, and must still get past months of elaborate academy review. Little objection is likely to the panel's plan of raising the calcium level for women, many of whom suffer from a debilitating bone condition in later years. But the downward revisions seem to some experts to be at odds with recommendations from the National Cancer Institute and with a 1982 report from the academy itself urging Americans to eat more foods rich in vitamins A and C as a possible hedge against cancer. Others, however, insist that the reductions...

Author: /time Magazine | Title: Health & Fitness: Advice on Eating Right | 10/7/1985 | See Source »

...predicting moderately faster growth for the second half of 1985, board members counted on a continued downward drift in the foreign exchange value of the U.S. dollar. The sky-high price of the dollar has been the chief cause of the trade deficit, because it has made American exports expensive and goods from abroad alluringly cheap. A weakening of the dollar would slow down the pace of imports and thus encourage consumption of domestic goods. Although the dollar has risen a bit in recent weeks, it now stands some 9% lower against major foreign currencies than it did when...

Author: /time Magazine | Title: Dancing to a Foreign Tune Time's | 9/23/1985 | See Source »

...General Electric's military space programs, whose "Beercan Bomber," carved out of a Miller Lite can, was disqualified because of its materials but still much admired. Commercial Pilot Anthony Martin of Talkeetna, Alaska, sent along 28 pages of instructions describing how to coax barrel rolls, chandelles and phugoid oscillations (downward arcs) from his two aerobatics entries, which were frugally folded from pink while-you-were-out message sheets...

Author: /time Magazine | Title: In Seattle: the Right Stuff, with Paper and Glue | 7/1/1985 | See Source »

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