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...migrant workers from Turkey, Greece, Yugoslavia and Portugal only four years ago, some 2.5 million West Germans, or more than 10% of the working population, are now unemployed. The public sector is deeply in the red: the combined federal, state and local budget deficit for 1983 is expected to exceed $31 billion. The antidote that Kohl offered on the campaign trail was a stiff dose of government austerity coupled with incentives to foster free enterprise...

Author: /time Magazine | Title: West Germany: Getting Down to Work | 3/21/1983 | See Source »

...campaign, Kohl had stressed pocketbook issues, warning voters that the country had been living beyond its means for too long. Industrial growth may reach no more than one-quarter of 1% in 1983. The combined federal, state and municipal government budget deficit for 1983 is projected to exceed $31 billion. Vogel had promised to cancel all the austerity measures that Kohl had taken during his five months as Chancellor prior to the election. Kohl's belt-tightening gospel was undoubtedly unpopular, but Vogel's vow to return to freer spending of dwindling government resources apparently turned...

Author: /time Magazine | Title: West Germany: Kohl Wins His Gamble | 3/14/1983 | See Source »

...second cost-cutting measure would count health-insurance contributions provided by private employers as taxable income. Many businesses now offer health insurance as a fringe benefit and deduct their contributions as a business expense. The change would affect insurance programs whose premiums exceed $70 a month for an employee ($175 a month for a family); some 50 million privately insured employees would be involved. The Reagan Administration maintains that the tax would raise $2.3 billion in 1984. It argues that the policy is principally a cost-control device that will induce workers to pressure their employers for less comprehensive insurance...

Author: /time Magazine | Title: Taking Two Aspirin Won't Do | 2/28/1983 | See Source »

...about $200,000 for a regular episode and, for the feature-length finale, $450,000, topping the rate of last month's Super Bowl by $50,000, to become the most expensive half-minute in TV history. In syndication, M*A*S*H's earnings already exceed $200 million, and keep on growing. There is a price for success, and Fox should be happy to pay it: a reported $5 million or so a year to Alan Alda, who anchored the show as Captain Hawkeye Pierce and wrote and directed many of the most memorable episodes...

Author: /time Magazine | Title: Video: M*A*S*H, You Were a Smash | 2/28/1983 | See Source »

...billion in 1988. These projections assume that Congress will enact standby increases in oil and income taxes that would go into effect on Oct. 1, 1985, under three conditions: that the legislators first pass all of Reagan's spending reductions; that the deficit still seems likely to exceed 2.5% of gross national product, or $100 billion a year; and that the economy is not in a recession...

Author: /time Magazine | Title: Still Stuck in a Vicious Circle | 2/7/1983 | See Source »

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