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...dimensions of the drama widened in Brazil, a little more light was shed upon some of its shadowy supporting players. Wolfgang Gerhard, who seemed to have been Pedro's ubiquitous fixer, was, said Austrian Consul-General Otto Heller in Sao Paulo, a fanatic Nazi who brought out a fascist propaganda sheet called Der Reichsbrief (The Reich Letter). By the age of twelve, Gerhard had become a member of the Hitler Youth and later boasted of being a committed Nazi. Nonetheless, in the Austrian town of Graz last week, Gerhard's 26-year- old son Adolf firmly rejected the stories told...

Author: /time Magazine | Title: Searches the Mengele Mystery | 6/24/1985 | See Source »

...economists were wary of proposals for a minimum tax on companies and individuals. Such plans have broad appeal but, the board warned, are no substitute for ending tax breaks. Heller argued that the revenue produced by a minimum tax could lull Congress into granting special interests new tax concessions, and protecting old ones, without giving thought to the money- + losing consequences. In that way, Heller noted, the minimum levy "could be used...

Author: /time Magazine | Title: Two Cheers for Reagan's Plan | 6/3/1985 | See Source »

...signs that the Federal Reserve Board is easing monetary policy and letting interest rates fall have raised expectations that the economy will avoid a recession and rebound rapidly. Said Board Member Walter Heller, a University of Minnesota professor who was chairman of the Council of Economic Advisers during the Kennedy Administration: "The Fed is riding to the rescue." Agreed Alan Greenspan, who served as chief economic adviser to President Ford: "The odds definitely favor a quickening of the economy...

Author: /time Magazine | Title: Waking Up From a Slump | 6/3/1985 | See Source »

...past, inflation has often flared up when consumer demand outstripped the ability of American factories to produce enough goods. But that is not likely to happen again soon, Economist Heller pointed out. He noted that U.S. companies are expanding their factory capacities by 5% this year, according to a McGraw-Hill survey, and that current plants have plenty of room for new production. Said Heller: "Excess-demand inflation is not onstage or in the wings...

Author: /time Magazine | Title: Waking Up From a Slump | 6/3/1985 | See Source »

...deficit of $171 billion. The plan would, among other things, eliminate the 1986 cost of living increase for Social Security recipients, limit the rise in military spending to the rate of inflation and phase out twelve federal programs, including Urban Development Action Grants and General Revenue Sharing for states. Heller said cuts of that magnitude could ultimately reduce the deficit to $144 billion by 1988. That would bring the budget shortfall down to 3% of GNP, compared with 5% this year. "We could be going through a watershed on the budget deficit," said Heller...

Author: /time Magazine | Title: Waking Up From a Slump | 6/3/1985 | See Source »

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