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...rule for spending. Administration economists first calculated how much revenue the tax system would bring in if the U.S. jobless rate were only 4%-the current definition of "full employment"-instead of the present 6%. The figure came out at $229.3 billion, which one top budget drafter concedes may be "overly precise." In any case, that became the guide-after the November elections disclosed the political impact of a soft economy. Nixon declared last week that by proposing spending almost up to that limit but not beyond it, he had designed a budget that is "expansionary but not inflationary." Economists...

Author: /time Magazine | Title: Business: The Policy of Self-Fulfilling Prophecy | 2/8/1971 | See Source »

Needed Precedents. The first state law of its kind in the U.S., the Michigan statute could inspire a flurry of oddball suits. If a Detroit resident dislikes auto pollution, for example, he might well ask a court to ban all downtown traffic. Even so, the bill's chief drafter, University of Michigan Law Professor Joseph L. Sax, is sure that courts will accent only rational suits, and gradually create a much needed body of environmental test cases. Versions of the Michigan law are now being weighed by legislators in Colorado, New York, Massachusetts, Pennsylvania, Tennessee and the U.S. Congress...

Author: /time Magazine | Title: Environment: A New Right to Sue Polluters | 8/24/1970 | See Source »

...would hope that this statement is only a beginning." said Charles Fried, professor of Law and another drafter of the letter...

Author: By Mark H. Odonoghue, | Title: 60 on Law Faculty Send Congress Anti-War Letter | 5/13/1970 | See Source »

Mark Ptashne, lecturer on Biochemistry and a drafter of the resolution, said last night that "the resolution clearly states that when instructors have no information or insufficient information to award students a regular grade or a pass, students should receive a grade of credit...

Author: By Reay H. Brown, | Title: Exams Required In Two Courses | 5/13/1970 | See Source »

Over 500 freshmen have signed a petition asking Mrs. Theresa Caufield to return to her job as waitress in Hazen's Restaurant. Thomas L. Saltonstall'70, drafter of the petition, plans to circulate it in the House dining halls tomorrow...

Author: By James R. Beniger, | Title: 'We Want You,' 500 Tell Theresa | 2/27/1967 | See Source »

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