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...budget deficit from 16.5% of gross domestic product this year to 8.5% in 1983 and 3.5% in 1985. That will involve a painful pruning of personnel from the country's more than 1,000 state and quasi-government organizations, plus a sharp curtailment of Mexico's dense fabric of price subsidies. De la Madrid's announcement that he was lifting price controls on 2,700 items is only the beginning...

Author: /time Magazine | Title: Mexico We Are in an Emergency | 12/20/1982 | See Source »

...million-member public service sector. In the best of circumstances an austerity program on the scale that De la Madrid must carry out would risk provoking social upheaval. But in Mexico's case there is another danger, the possibility of tearing the country's unique political fabric in such a way as to limit the P.R.I.'s ability to cope with unrest...

Author: /time Magazine | Title: Mexico We Are in an Emergency | 12/20/1982 | See Source »

...dressed in a toreador outfit of varying shades of gold lame. "That night," he recalls, "the huge cape I designed was completely lined with fresh red roses which I tossed, one by one, at my audience as I descended the grand staircase." Though the glitter of the gold fabric has dimmed a trifle, and Erte has just turned 90, both the costume and the celebrated designer were on hand at the opening of a retrospective at the Dyansen Gallery in Manhattan, one of four major Erté shows currently on view...

Author: /time Magazine | Title: Design: Erte Irrepressible at 90 | 12/13/1982 | See Source »

...wished I were back in the laundromat, running out of fabric softener. "How did you do that?" I choked...

Author: By Naomi L. Pierce, | Title: He Looked a Little Like Allen Ginsberg | 12/8/1982 | See Source »

...seems to occur when a pressing social need is met by a particularly useful innovation, like the steam engine or telephone. As it happened, only a few visionaries like Clarke anticipated the need for satellites. Yet somehow, in less than a generation, they have firmly established themselves in the fabric of contemporary life, shrinking time and space, almost as if the world craved to be brought closer together. Perhaps the space age's real giant steps were not the ones on the moon but the ones that are being taken overhead, like Columbia's flight, every passing moment...

Author: /time Magazine | Title: Space: Looking and Listening in the Heavens | 11/22/1982 | See Source »

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