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...demand and prices up for a long time. Frightened by the rise in the jobless rate, governments then throw the policy into reverse and pump out enough money to initiate expansion again?at a higher base rate of price increases than prevailed at the start. These stop-go policies interrupt growth, and to make up the production losses incurred in the slow phase, governments run ever larger inflationary deficits and accelerate increases in money supply. In the U.S., the avowedly conservative Nixon presidency has piled up cumulative deficits of about $120 billion, the highest of any peacetime Administration in history...

Author: /time Magazine | Title: INFLATION: Seeking Antidotes to a Global Plague | 4/8/1974 | See Source »

...under A.M. ("Abe") Rosenthal, 50, managing editor since 1969, the Times has loosened up and varied both its appearance and its coverage. Boxed and horizontal layouts now interrupt the long gray columns of old. Perhaps the single most important innovation is the Op-Ed page, an editorial feature that the Times did not invent; characteristically, though, its Op-Ed page, introduced in 1970, quickly became a model national forum of contrasting ideas and attitudes. The section is now edited by Charlotte Curtis, 45, who had previously transformed the Times's routine women's page into a sophisticated minidaily...

Author: /time Magazine | Title: The Press: The Ten Best American Dailies | 1/21/1974 | See Source »

...actors use practically no props. The costume is white-collar Prufrock. With the exception of K. and the fatherfigure, all the other roles are interchangeable. The actors narrate in turn, take on the several voices of conscience and temptation, counsel marriage, art, faith or rebellion. The scenes interrupt and comment on each other. Adaptations from the short stories and novels are intercepted by reflections from the diaries and the famous Letter to his Father. Every moment repeats and plays on the basic pattern of a mind plotting its own victimization...

Author: By Alice C. Van buren, | Title: Kafka Staged | 1/15/1974 | See Source »

...Duke, 39, who favors red velvet suits and wears his blond hair over the collar. "They say I do not know how to lose." Now Duke is planning how to win an acquittal at Geraway's new trial. He hopes the trial comes during the summer, lest it interrupt his classes. Every so often, says the tenured professor, "my dean and I have a little talk, and since I have never done the outside writing that is expected, he wants to know what I am doing with my time...

Author: /time Magazine | Title: The Law: Rescuer in Red Velvet | 1/14/1974 | See Source »

...decision to alter the calendar was made "after an evaluation of the potential effects of the current energy shortage on various academic programs," Dean Rosovsky said at a press conference last night. "We're trying to behave intelligently and prudently and interrupt a minimum part of the schedule," he said...

Author: By H. JEFFREY Leonard, | Title: Faculty Announces A Longer Vacation | 12/6/1973 | See Source »

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