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...same time, Iraq's semideveloped economy is likely to grind on in straitened circumstances for many months. The need for imported clothing and household appliances is not pressing. As the shortage of spare parts becomes acute, water and power supplies will only gradually begin to decline. "There ^ is scope for flexibility on Iraq's part for making do in a self-contained economy," says Marshall Wiley, a former U.S. ambassador to Oman...

Author: /time Magazine | Title: The Gulf: Measuring The Embargo's Bite | 9/17/1990 | See Source »

...record peacetime expansion that has endured + for more than 7 1/2 years. In Washington the normally bullish U.S. Chamber of Commerce added its voice to the growing chorus of recession forecasters last week. Said Richard Rahn, the group's chief economist: "We anticipate that the economy will grind to a virtual standstill during the third quarter and actually contract by 1.4% in the fourth quarter." While Rahn acknowledged that "Iraqi adventurism in the Middle East is exacerbating this country's economic woes," he attributed the grim outlook to the tight-money policies of the Federal Reserve Board, which has kept...

Author: /time Magazine | Title: The Gulf: Full Tilt into Trouble | 8/20/1990 | See Source »

...grind seems to inspirit young performers. Says Karl Wahl, 20, who is in his third summer at Six Flags Great America in Gurnee, Ill., and who has worked at the Busch Gardens park in Williamsburg, Va.: "This is the first taste of the performer's real world. College shows run two or three weekends. Where else, as a young person, can you do a long run like this?" Michael Myers, 22, a Texas Tech marketing graduate turned singer-songwriter, likes Opryland because "you're out there in the full light of day, playing to no tellin' who. They come from...

Author: /time Magazine | Title: Show Business: Where The Stagestruck Get Started | 8/13/1990 | See Source »

Hughes Danbury had preserved the null corrector in the exact position that had been used to grind and polish the mirrors in the early 1980s...

Author: NO WRITER ATTRIBUTED | Title: NASA Committee Finds Root of Hubble Trouble | 8/10/1990 | See Source »

Souter is the son of an assistant bank manager and a mother who worked in a giftshop. He attended public elementary schools and Concord High School, where he managed to be well liked despite being something of a grind -- voraciously studious, fastidiously neat, with no time for organized sports...

Author: /time Magazine | Title: David Souter: An 18th Century Man | 8/6/1990 | See Source »

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