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...RECIPE FOR PRESIDENTIAL RE-ELECTION used to be simple: keep employment high and prices low. Indeed, as of the early 1980s, the noted political scientist Seymour Martin Lipset was touting this formula as a potent predictor of electoral outcomes. Just add up the unemployment and inflation rates, he said. If this "misery index" was below 10, thumbs up for the incumbent. If above 10, then it was time to pen the memoirs...

Author: /time Magazine | Title: INCOME INEQUALITY: WHO'S REALLY TO BLAME? | 11/6/1995 | See Source »

...manner. On CNN early this month, she castigated Dole's rhetoric as old and tired, adding that "he had to read his opening and closing statements." Then she wrote an op-ed piece in the Journal that declared, "Leading a revolution means more than borrowing a bottle of Grecian Formula." Huffington wants Gingrich to be the nominee, though she seems willing to consider Colin Powell. "I believe only Newt Gingrich can be the ideal standard-bearer for the Republican Party at this moment," she says...

Author: /time Magazine | Title: ARIANNA HUFFINGTON: A WOMAN ON THE VERGE | 11/6/1995 | See Source »

Like Deng, who was hounded into exile by rampaging Red Guard demonstrators at the start of the Cultural Revolution in 1966, Jiang believes only a strong hand can stave off chaos in China. Yet time may be running out on that formula. Even now, says Mineo Nakajima, a Sinologist at the Tokyo University of Foreign Studies, "Jiang is using the police and security forces to control social unrest, but he will have difficulty if it continues to escalate." The country's volatile economic situation and its corruption accentuate the widespread sense of unfairness, feeding the "red-eye disease"--envy...

Author: /time Magazine | Title: RISKY CHANGE IN A DYNASTY | 11/6/1995 | See Source »

When Ross Perot entered the 1992 Presidential race and seized nearly 20 percent of the popular vote, he demonstrated--if not created--a new formula for third-party politics. Perot showed how one person with immense financial resources can frame the debate of an entire election and distill it to a core set of issues. The huge national deficit and soaring national debt were recognized problems long before Perot declared his candidacy, but when the Texas billionaire focused his campaign (and his money) on the unbalanced budget, it attained national prominence. Subsequently, both Republican and Democratic presidential candidates were forced...

Author: By Benjamin R. Kaplan, | Title: The Chemistry of Politics | 10/30/1995 | See Source »

...fashionable formula these days is modestly priced government help that lets private enterprise flourish in poor neighborhoods. Waters wants loan-guarantee programs that encourage banks to lend in poor communities. "People in our community have little stores,'' says Waters. "We need to multiply that thousands of times over." Kemp wants to eliminate the capital-gains tax for businesses that locate in urban-enterprise zones, where government offers tax breaks and other incentives to bring employers to poor neighborhoods. The Republican budget passed last week by the Senate Finance Committee contains $245 billion worth of tax breaks targeted largely to middle...

Author: /time Magazine | Title: THE MILLION MAN MARCH: I, TOO, SING AMERICA. | 10/30/1995 | See Source »

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