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...worth noting that both men are playing with funny money. Nobody knows for sure if the gaudy surplus projections will materialize. And there's legitimate debate about the usefulness of the Congressional Budget Office's fiscal predictions. "Most of the CBO's estimates are exaggerated," says fiscal hawk Robert Reischauer, a former CBO director who is now head of the Urban Institute. "The surplus is uncertain...

Author: /time Magazine | Title: Issues 2000: Have We Got A Tax Cut For You! | 9/4/2000 | See Source »

...worth noting that both men are playing with funny money. Nobody knows for sure if the gaudy surplus projections will materialize. And there's legitimate debate about the usefulness of the Congressional Budget Office's fiscal predictions. "Most of the CBO's estimates are exaggerated," says fiscal hawk Robert Reischauer, a former CBO director who is now head of the Urban Institute. "The surplus is uncertain...

Author: /time Magazine | Title: Have We Got A Tax Cut For You! | 8/28/2000 | See Source »

Once upon a time (in the West), Eastwood was the grizzled loner, using the Old Testament playbook to clean up Tombstone or San Francisco. Here he's surrounded by other gents of a certain age: hotdogging fly-boys of the '50s named Hawk (Tommy Lee Jones), Jerry (Donald Sutherland) and Tank (James Garner) who were pioneers in Air Force research but got passed over for the first U.S. astronaut program. An old Soviet satellite is about to crash to earth, threatening humanity; since Frank built the technology the Russkies swiped, his expertise is needed. He insists on going...

Author: /time Magazine | Title: Cinema: Clint Does It the Old Way | 8/14/2000 | See Source »

...gentleman of sorts, so--except for displaying the four men's naked butts, which is quite an archaeological sight--he will embarrass neither them nor us. Directing from a script by Ken Kaufman and Howard Klausner, he finds fresh breezes in familiar vectors: the residual rivalry of Frank and Hawk, the tensions between the ancient astronauts and the modern ones, the impact of decay and disease on minds that are still bright, wills that are still strong...

Author: /time Magazine | Title: Cinema: Clint Does It the Old Way | 8/14/2000 | See Source »

...students of the Fed see any sign of dissent from the doves. "In the old days," says economist Kevin Flanagan of Morgan Stanley Dean Witter, "there was a debate over who was an influential hawk and who an influential dove." But today, Flanagan notes, any policy disagreements tend to vanish into Greenspan's carefully nurtured consensus. Concurs Fed governor Meyer, who has a reputation as a hawk's hawk on inflation: "Many members will voice some disagreement with the chairman's view in the go-rounds. But many of those will vote with the chairman...

Author: /time Magazine | Title: Who's Raising Your Rates? | 5/29/2000 | See Source »

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