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TIME'S economists predicted that the gross national product will expand 2% this quarter, down from the 4% they foresaw last September, and then grow a healthy 3% to 4% in 1985. That increase would be typical for the third year of an economic recovery. Board members predicted that the pickup will trim unemployment from the 7.2% rate it unexpectedly fell to in November to 7% by mid-1985. They look for joblessness to remain stuck at that relatively high level through...

Author: /time Magazine | Title: A Forecast of Glad Tidings | 12/24/1984 | See Source »

...clothing manufacturer, Tartikoff grew up on Long Island, where he used to stay home from school to watch sitcoms like December Bride and My Little Margie. He foresaw his calling on a Sunday night in 1959, when he sat cross-legged in front of the family set to watch the premiere episode of Dennis the Menace. "After it was over," Tartikoff recalls, "I turned to my parents and said, 'They could have made that show much better...

Author: /time Magazine | Title: Video: A Giant Leap to No. 2 | 12/3/1984 | See Source »

...success," says Dr. Donald Hill, chief of cardiovascular surgery at Pacific Presbyterian Medical Center in San Francisco. "They have demonstrated that there is a window early in life where the opportunity to make a successful transplant from a baboon to a human exists." But neither Hill nor other doctors foresaw any possibility of using simian hearts as a permanent solution to heart disease. "I think these transplants might be used to bide time until a human heart can be found," says Dr. Michael DeBakey, the pioneering Houston heart transplant surgeon...

Author: /time Magazine | Title: Medicine: Baby Fae Loses Her Battle | 11/26/1984 | See Source »

Board Member Chen said that the reforms would be a boon to China's long-term prospects, but foresaw transitional difficulties. He predicted that China's growth rate would ease from 9.5% this year to 7.5% in 1985. The new flexible pricing system may cause inflation to rise from 1.5% to 5%. In addition, efforts by enterprises to trim their work forces and become more productive could raise unemployment. Though the official jobless rate is only 3%, Chen estimated that about 15% of the population is "underemployed" at part-time and make-work jobs...

Author: /time Magazine | Title: Jumping for Joy in the Pacific | 11/12/1984 | See Source »

...William Makepeace Thackeray on a visit to Egypt in 1844. "I never saw such a variety of architecture, of life, of picturesqueness, of brilliant color, of light and shade. There is a picture in every street and at every bazaar stall." Some 70 years later another novelist, E.M. Forster, foresaw a dreary end to the Orientalist movement. In a letter to a friend about a voyage through the Suez Canal, he wrote, "It was like sailing through the Royal Academy-a man standing by a sitting camel, followed by a picture of a camel standing by a seated man: picturesque...

Author: /time Magazine | Title: Art: Lured by the Exotic East | 9/3/1984 | See Source »

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