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Some economists now wonder if the nation has so successfully insulated itself from a 1929-type depression that it is condemned to 13% or worse inflation. Robert Heilbroner argues that the postwar measures to avoid another Crash and Depression have "put a floor under the downward movement of the economy." This guarantee against disaster, in Heilbroner's view, has changed economic expectations so much that corporations raise prices and unions demand higher wages more recklessly than they otherwise would. The result is faster inflation. Thus the cure for the Great Crash, seen from this perspective, has created side effects...

Author: /time Magazine | Title: Nation: Could the Great Crash of '29 Recur? | 10/22/1979 | See Source »

...sound will come out" ?gives Pavarotti the whim-whams before every performance. In 1972 he made a transatlantic call to Beverly Sills about their upcoming appearance in I Puritani, arguing that their last-act duet, with its punishing high D-flats for tenor, should be transposed downward. Sills assured him he could hit the notes. "Only if you castrate me," he said. Last year, minutes before Pavarotti's TV recital, Metropolitan Assistant Conductor Gildo Di Nunzio found inm slumped in his dressing room "seeming so alone and terrified. He didn't think he could do it, he wished...

Author: /time Magazine | Title: Opera's Golden Tenor | 9/24/1979 | See Source »

...reverse side of the old American self-congratulation. Americans contemplate some of the more disgusting uses to which freedom of expression has been put; they confront a physical violence and spiritual heedlessness that makes them wonder if the entire society is on a steep and terminal incline downward. They see around them what they call decadence. But is the U.S. decadent? Does the rich, evil word, with its little horripilations of pleasure, and its gonging of the last dance, really have any relevant meaning...

Author: /time Magazine | Title: Time Essay: The Fascination of Decadence | 9/10/1979 | See Source »

WASHINGTON--The Scholastic Aptitude Test (SAT) scores of America's high school seniors dropped slightly this year, continuing a downward trend that began a decade ago, the College Board reported Saturday...

Author: NO WRITER ATTRIBUTED | Title: SAT Scores Drop Nationwide | 9/10/1979 | See Source »

...gallon or two of purple ink. The helicopter slams into the rock "with a grinding scream, the blades crumple back like spaghetti, still twisting in a slow-motion convulsion of shrieking metal. Like a great dying bird, it seems to keel over in a last agony, twisting downward in a wrenching, moaning death. Whoomp...

Author: /time Magazine | Title: Show Business: Fire and Ice a Mile High | 8/20/1979 | See Source »

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