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...Treasury Secretary's attack "quite amazing. I can't understand it." In fact, the two have long been at odds, though their differences have usually been expressed by a backstage elbow in the ribs rather than a public fist in the eye. Feldstein takes a far gloomier view of huge federal deficits than Regan does, and last week he annoyed the White House by saying as much in discussing forthcoming budget talks with Democrats. Said Feldstein, putting his cards on the table before the game even began: "We're going to have to have additional tax revenues...

Author: /time Magazine | Title: The Don and Marty Show | 2/13/1984 | See Source »

Rivlin's final forecast showed the budget gap hitting a record $207 billion this year and then falling gradually to about $145 billion in 1986. Penner's predictions may turn out to be gloomier. Before being named to the CBO post, he warned that if Congress takes no action to curb the deficit and another deep recession hits, the shortfall could reach $300 billion by the late 1980s. While Penner favors cuts in federal spending to help close the budget gap, he also argues that tax hikes are unavoidable. Says he: "The only real questions are how much...

Author: /time Magazine | Title: Bearer of Bad Tidings | 9/12/1983 | See Source »

...outlook for a settlement in Lebanon has now turned gloomier. Faced with Syrian intransigence, Israeli officials informed Shultz last week of their plans to pull back their troops to more defensible positions within Lebanon. Such a maneuver, however, could take some of the pressure off Damascus toward any move at all and invite renewed fighting between Christians and Druze in the Chouf Mountains southeast of Beirut. Worse yet, the redeployment could lead to a de facto partition of Lebanon between Israel and Syria, with a weakened Lebanese government in control only of Beirut...

Author: /time Magazine | Title: Middle East: Was This Trip Necessary? | 7/18/1983 | See Source »

...terrific ability, like a chemist, to break down problems, then provide the catalyst and recompose the elements in a different way." He repeatedly indicated that an agreement was imminent, sometimes to the chagrin of his hosts. When asked why his assessments of the talks were always gloomier than the Secretary's, Lebanese Foreign Minister Elie Salem replied: "Mr. Shultz is an American and by nature an optimist. I am from Lebanon and by nature a realist...

Author: /time Magazine | Title: Middle East: A Pilgrim's Progress | 5/16/1983 | See Source »

...even gloomier side to this already somber picture concerns safety. It is an unfortunate fact that as weight increases so does the accident fatality rate; everyone from the U.S. Department of Transportation (DOT) to the American Automobile Association agrees that the records of the high weight tandem trailers are particularly discouraging A DOT study done in 1982 demonstrated a disturbing 12.2 fatalities per million miles for tandems, considerably higher than the 5.6 per million miles for single trucks, and dwarfing the 2.96 per million rate for passenger cars. Despite these statistics, the ATA, which vigorously defends the safety record...

Author: By Jonathan J. Doolan, | Title: Running on Empty | 2/17/1983 | See Source »

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