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Changing demographics, and high inflation, spell trouble for the funds A pension bomb threatens the U.S. economy. Its fuse may now seem comfortably long, but it is indisputably burning. The toughest issue in the negotiations for a new contract between General Motors and the auto workers was not demands for more pay for the U.A.W.'s 460,000 workers on GM's pay roll, but for increased benefits for its fast-growing legion of retired employees. A big reason why policymakers in Washington are agonizing heavily over Chrysler's petition for federal help is the stark fact...

Author: /time Magazine | Title: Business: Danger: Pension Perils Ahead | 9/24/1979 | See Source »

...work. Each picture must be done in a day; there are no preliminary studies and, especially, no work from photographs, since photography and painting generalize in different ways. His object, brilliantly realized in some parts of his small and sharply edited output, is to make sight and formal deliberation fuse. The conjunctions within Arikha's work, its breadth of language and depth of feeling set off against its insecurity and self-questioning, make it unlike any thing done by an American figurative painter since Edward Hopper. So does its intelligence. Nothing in this show is raw, or facile...

Author: /time Magazine | Title: Art: Arikha's Elliptical Intensity | 7/30/1979 | See Source »

...still don't like Freedman's decision to fuse Fabian and the clown Feste into one character, and he still has not taught his players to accent the word exquisite on the first syllable. The cross-gartering of Malvolio's yellow stockings is still inadequate, although Freedman and his costumer Jeanne Button had only to descend into the downstairs lounge of this very theatre to see on the wall an illustration of how it should be executed...

Author: By Caldwell Titcomb, | Title: A 20th-Century 'Julius Caesar'... ...an 18th-Century 'Twelfth Night' | 7/17/1979 | See Source »

...churning drive and nuts-and-bolts expertise as an economic manager, Schmidt has become "the Doer." Some of his most devoted followers call him "Super-Schmidt." But there are also many who are critical of his notoriously quick fuse and slashing insults. This has earned him yet another nickname: "Schmidt...

Author: /time Magazine | Title: Leading from Strength | 6/11/1979 | See Source »

Inside the hangar, the guards discovered two ruined nuclear-reactor cores blasted apart by five charges of plastic explosives that had been strategically positioned and then detonated with a sophisticated fuse. The metal cores, built over a period of three years, had already been crated for delivery to their buyer, Iraq, and were due to be shipped only three days later. The reactor components were 60% destroyed; the damage was estimated at $23 million. French officials estimated that delivery would be delayed for two years, which would also postpone the shipment of 65 kilograms of enriched uranium fuel that France...

Author: /time Magazine | Title: FRANCE: Atom Thriller | 5/7/1979 | See Source »

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