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...Washington said yesterday that President Reagan's proposed budget for 1984 only reappropriates many of the funds in already existing programs and will hurt students, especially in the lower-middle income bracket. The officials added that while they are worried about the possible negative effects the new budget will inflict on Harvard students, the Democratic Congress will probably vote down most of the budget...

Author: By Rebecca J. Joseph, | Title: Reagan's Budget Plan Draws Criticism | 2/2/1983 | See Source »

...risks, according to U.S. Federal Reserve Chairman Paul Volcker, are "without precedent in the postwar world." Says British Financier Lord Lever: "The banking system of the Western world is now dangerously overexposed. If lending abruptly contracts, there will be an avalanche of large-scale defaults that will inflict damage on world trade and on the political and economic stability of both borrowing and lending countries." The financial community, says Rimmer de Vries, chief international economist of New York's Morgan Guaranty Trust Co., is "in a historic period. There is a lot of worry that things could...

Author: /time Magazine | Title: The Debt-Bomb Threat | 1/10/1983 | See Source »

...limiting the application of deterrence, the bishops stressed that it could not morally extend to threatening innocent civilians. This calls into question the use of large-scale nuclear arms, which by their nature would inflict massive civilian casualties, and more specifically the American strategic option known as "counter-value," which targets political, economic and military institutions in or near urban areas for retaliation. "Under no circumstances may nuclear weapons or other instruments of mass slaughter be used for the purpose of destroying population centers," the document states. It adds an injunction that, if applied, would pose a dilemma for Catholics...

Author: /time Magazine | Title: A Blast from the Bishops | 11/8/1982 | See Source »

...part, is angry that he was not consulted about Prior's plan and agrees with S.D.L.P. Leader John Hume that the assembly is "unworkable." After last week's elections, an idea that had meant to bind the wounds of a bloodied land instead seemed more likely to inflict fresh pain...

Author: /time Magazine | Title: Northern Ireland: Fresh Pain | 11/1/1982 | See Source »

...seemed to me, just as it usually seems to my kind, that society was simply trying to strip or rip off my shield, that it was willing to do so ruthlessly, that it didn't care about me personally, or the amount of humiliation or degradation it might inflict in the process. I stubbornly balked at being manipulated, regulated, or being compelled to conform blindly through fear or threat or punishment, however severe. Indeed, I came to question the validity of a society that appeared more concerned with imposing its will than in inspiring respect. There seemed...

Author: /time Magazine | Title: California State Prison | 9/13/1982 | See Source »

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