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...panacea-of-sorts, was described by Leon Keyserling as "a pigmy sent out to do a giant's job." The economist explained to the Joint Economic Committee that the Kennedy tax program assumes that awarding rebates to those in the upper-brackets will provide the financial and psychological impetus to reinvest. But the program rests on a hope, and the hope itself entails certain assumptions about the risk-taking mentality of the prevailing industrial leadership...

Author: NO WRITER ATTRIBUTED | Title: Toward Full Employment | 3/22/1963 | See Source »

April was also an important month for the national shelter program. The impetus of the Berlin crisis was gone and the public had ceased to show interest in shelters either through innate wisdom or sheer apathy, depending on which side of the shelter controversy you stand. Congress, already suspicious of the Administration's civil defense proposals, sensed the lack of public interest and finally approved only $113 million of the 695 million program. Shelter builders and suppliers began to go bankrupt after selling only a small fraction of their stock. In October, the Cuban crisis caused a small flurry...

Author: By Peter Cummings, | Title: Civil Defense | 3/1/1963 | See Source »

...where women get little or no doctoring during pregnancy. And there is much retardation among these mothers' abnormally high proportion of premature babies. Children's minds also seem to wither under conditions of severe neglect, said the President, in an atmosphere of hopelessness, where there is no impetus to learning. "This self-perpetuating intellectual blight should not be allowed to continue...

Author: /time Magazine | Title: Psychiatry: Toward a New Frontier | 2/15/1963 | See Source »

Search for Culprits. Victor Hugo supposedly said: "Greater than the tread of mighty armies is an idea whose hour has come." The tax bill goes to Congress with that kind of impetus behind it?the power of an idea on the move. During 1961 there emerged in the U.S. a history-making consensus that the time has come to do something about taxes. There are broad, often passionate, differences about what should be done, and how and when. But on the central point that the U.S. tax system is excessively burdensome and unnecessarily complicated, agreement cuts across old dividing lines...

Author: /time Magazine | Title: The Congress: An Idea on the March | 1/11/1963 | See Source »

Your fleeting reference to bluegrass music cries out for amplification. Bluegrass is not a "polite synonym for hillbilly." It is a highly intricate derivative of the folk and jazz idioms. Both the term and the music itself received their major impetus from Bill Monroe and His Bluegrass Boys. A bluegrass musician is an accomplished and versatile soloist who is capable of achieving a very delicate balance between story and music. Only stringed instruments are used, and these are nonelectrified and unamplified (as opposed to hillbilly music...

Author: /time Magazine | Title: Letters: Nov. 30, 1962 | 11/30/1962 | See Source »

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