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...Will there be more intellectuals? The computer may make a lot of learning as unnecessary as memorizing the multiplication tables. But if a dictionary stored in the computer's memory can easily correct any spelling mistakes, what is the point of learning to spell? And if the mind is freed from intellectual routine, will it race off in pursuit of important ideas or lazily spend its time on more video games...

Author: /time Magazine | Title: The Computer Moves In | 1/3/1983 | See Source »

...pervasive economic gloom, 1982 was a banner year for savers and investors. Having suffered huge savings outflows in prior years as depositors withdrew their funds to chase after the high interest rates available from money-market mutual funds, commercial banks and savings and loan institutions were at last freed by regulators to offer federally insured free-market interest rates of their own to small savers. The result: a breathless nationwide scramble by banks everywhere to exploit their new-found freedom and snatch depositors back from the money funds...

Author: /time Magazine | Title: Booms, Busts and Birth of a Rust Bowl | 12/27/1982 | See Source »

...martial law this week on the first anniversary of the military crackdown. But as Dec. 13 approached, the official propaganda machine began to sound a decidedly cautious note. Newspapers ran interviews with "average" Poles who expressed concern that it might be too soon to ease security measures. The government freed 32 imprisoned Solidarity activists from the Warsaw area, but suggested that many union leaders still behind bars (an estimated 300) would stay there. A front-page headline in a Warsaw daily seemed to sum up the new official line: WE SHALL RETREAT FROM MARTIAL LAW BUT NOT FROM PUBLIC DISCIPLINE...

Author: /time Magazine | Title: Poland: Low Hopes | 12/20/1982 | See Source »

...being used for two antipodal purposes, but irony is not the mood with which the public is left. For Clark one feels apprehension, appreciation and a passing sense of social advancement. For Brooks one feels a vast emptiness and impotence, in spite of the fact that the nation has freed itself of a man who with his partner casually murdered an innocent. Curious. Was this not the cleanest and kindest execution ever? Have we not at last achieved the sanitized death...

Author: /time Magazine | Title: Essay: Do Not Go Gentle into That Good Night | 12/20/1982 | See Source »

...Freed, 29, a former TV technician, wrote a program called Crosstalk at his home in Woodstock, Ga., that allows different kinds of computers to communicate with one another. So far, its sales have reached $1 million. Jeff Gold of Saratoga, Calif, was only 15 when he created a program in his bedroom that solved the puzzle of Rubik's Cube. A thousand copies were sold before Gold, now 16, came up with a second winner: a program to prevent the theft of other programs. Gold is making $2,000 a week from the proceeds of both creations...

Author: /time Magazine | Title: How Programmers Get Rich | 12/13/1982 | See Source »

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