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...paying lip service to balanced budgets while racking up annual deficits approaching $200 billion, Congress and the White House have finally decided to fit themselves with a fiscal straitjacket. The bill, sponsored by Senate Republicans Phil Gramm of Texas and Warren Rudman of New Hampshire and by Democrat Fritz Hollings of South Carolina, compels Congress to vote to balance the budget within five years or face automatic cuts. "What % this bill does is put the fat in the fire," declared Gramm. "It forces decisions." Senator J. Bennett Johnston of Louisiana, however, likened Congressmen voting for the bill to "the person...

Author: /time Magazine | Title: Look, Ma! No Hands! | 12/23/1985 | See Source »

Following are the Harvard professors who have won or shared Nobel Prizes: T.W. Richards1914 Chemistry George R. Minot 1934 Medicine William P. Murphy 1934 Medicine Percy W. Bridgman 1946 Physics Edward M. Purcell 1952 Physics Fritz A. Lipmann 1953 Medicine John F. Enders 1954 Medicine Frederick C. Robbins 1954 Medicine Thomas H. Weller 1954 Medicine Georg von Bekesy 1961 Medicine James D. Watson 1962 Medicine Konrad E. Bloch 1964 Medicine Julian S. Schwinger 1965 Physics Robert Burns Woodward 1965 Chemistry George Wald 1967 Medicine Simon S. Kuznets 1971 Economics Kenneth J. Arrow 1972 Economics Wassily W. Leontief 1973 Economics William...

Author: NO WRITER ATTRIBUTED | Title: HARVARD'S NOBEL WINNERS | 10/12/1985 | See Source »

...their own phones. Such competitors as GTE and Northern Telecom have stolen about half of the $12.5 billion a year in business that AT&T once did with the local operating companies. Computer sales, which have been depressed for nearly all firms, are especially bad for AT&T. Said Fritz Ringling, an analyst with Connecticut's Gartner Group: "The company put it off for as long as possible. It has to slim down to compete in a fast, new marketplace...

Author: /time Magazine | Title: Ma Bell Disconnects 24,000 Jobs | 9/2/1985 | See Source »

...point program for "specific, immediate action." Among the recommendations: fairer agricultural trade rules, reduced government subsidies to industries and fewer restrictions on imports of textiles and clothing. In addition, the report urges the start of a new series of world-trade talks. "We have tried to be realistic," said Fritz Leutwiler, former president of the Bank for International Settlements and chairman of the group. "We realize that 100% free trade will remain science fiction forever, but we think heads of government should not be paying lip service to free trade while building protectionism...

Author: /time Magazine | Title: Call for Free Trade | 4/8/1985 | See Source »

Wanda: Gerry gave a 30-second version of one of her basic speeches that says women should have options and high aspirations. What's wrong with that? They gave her artistic control of the commercial. She got her message across, got some exposure for herself without Fritz looming in the background, and she got a decent corporation to pay for it. After all, Pepsi isn't selling thalidomide...

Author: /time Magazine | Title: Sexes: Pitching Motherhood and Pepsi | 4/1/1985 | See Source »

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