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...billion in "savings" to be taken out of the $568 billion in Social Security expenditures now expected over the next three fiscal years. The $40 billion represents about the amount by which Social Security benefit payments are expected to exceed tax collections, but the resolution designedly gave no hint as to whether the savings would be accomplished by reducing future benefits, raising taxes, or whatever. Chairman Pete Domenici of New Mexico got the Budget Committee in the Republican-controlled Senate to approve the plan on a partisan 11-to-9 vote...

Author: /time Magazine | Title: Social Security: A Debt-Threatened Dream | 5/24/1982 | See Source »

...home: an Argentine submarine waiting for the assault like a turtle on its back; a farce-until the Belgrano. The lesson of the loss of life on that cruiser was not merely revulsion, but a recognition of the essential nature of the whole transaction. And was there not some hint of malicious fascination in all this too? In its darkest heart, had not much of the world been goading these lines toward each other from the start; praising peace and negotiations, to be sure, but secretly eager to see what happens-even in a comedy-when a shot is fired...

Author: /time Magazine | Title: The Falklands: Oh What an Ugly War | 5/17/1982 | See Source »

...That hint of danger had not dissuaded the nine Americans, most of them normally sedentary landlubbers, from boarding the sturdy 48-ft. fishing trawler Gabriella in Kingston, Jamaica, and heading into the windswept Caribbean on a stomach-churning 124-mile, 15-hour voyage to U.S.-owned Navassa Island, 30 miles west of Haiti. Unaccountably cheerful through the stormy night, the five-man Jamaican crew and the boat's Kingston owner, Gilbert Thompson ("I couldn't trust the responsibility of this trip to just the crew"), kept the craft on course toward its tiny target: a flat-topped limestone...

Author: /time Magazine | Title: In the Caribbean: Hams and Goats | 5/3/1982 | See Source »

...Most analysts would like to see a deficit under $100 billion, instead of the $180 billion now projected. Says John Paulus of the Goldman, Sachs investment firm: "It's impossible to over estimate the aid and comfort that a budget compromise would give the financial markets." Even the hint of such a compromise last week sent , some short-term interest rates down slightly...

Author: /time Magazine | Title: Those | 5/3/1982 | See Source »

...Does anyone remember the player who drove in the most runs in his rookie season? (Hint: He was the last person before George Brett to average more than an RBI per game...

Author: NO WRITER ATTRIBUTED | Title: The Sports Cube Annual Baseball Trivia Quiz | 4/27/1982 | See Source »

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