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...biggest-ticket R. and D. item is Reagan's Space Defense Initiative, better known as Star Wars. The Administration wants to increase research funding for the SDI from $1.4 billion this year to $3.7 billion in 1986 and spend a whopping $30 billion during the next six years. Because a space-based defense system is still highly speculative, the research encompasses a dizzying array of technologies, like electromagnetic "rail guns" to fire projectiles at extremely high speeds across hundreds of miles of space and particle accelerators to hit a missile with a stream of atoms traveling near the speed...

Author: /time Magazine | Title: Bigger Bucks for Smarter Bombs | 3/4/1985 | See Source »

...conclude that one side is right in a dispute can be accused of malice for discounting the evidence on the other side, while a writer who prints a tip without checking it can argue that he is immune from malice charges because he had no doubt about the item's veracity. The provision for examining the journalist's state of mind ensured that libel suits would grow longer and costlier; the Herbert case, brought in 1974, has yet to go before a jury...

Author: /time Magazine | Title: Essay: Slander and Libel | 3/4/1985 | See Source »

...item in question was not precisely a toilet seat but a corrosion- resistan t plastic case that fits over a toilet. It is used aboard the Navy's P-3C Orion antisubmarine planes. Republican Senator William Roth of Delaware, chairman of the Governmental Affairs Committee, which looks into suspected cost overruns, had been conducting an investigation of the accessory. Roth was tipped off by a contractor in Washington State who had been asked to bid on the toilet unit in January. When the contractor learned that Lockheed Corp. was charging $34,560 for 54 toilet covers, he wrote a letter...

Author: /time Magazine | Title: Adjusting the Bottom Line | 2/18/1985 | See Source »

...Minister the cheapest available honey, as I explained to him. He immediately wanted to know the price, which he thought was high, and then the cost of other goods--better honey, shirts, Manhattan apartments. As Dobrynin and I answered his questions, Gromyko expressed surprise at the expense of each item. He had never visited American stores and knew barely anything of the costs or real standard of living...

Author: /time Magazine | Title: America the Baffling: How the Soviets See It | 2/11/1985 | See Source »

...least popular item in the budget. Yet despite withering reductions in domestic programs, funding for foreign aid has risen from $5 billion to more than $18 billion since Ronald Reagan took office. Under heavy pressure to hold down spending, the Administration this week is proposing to freeze the total amount of aid for next year. But its fiscal 1986 budget includes hefty rises in military assistance to Egypt and Israel; added to that will be an undetermined amount to meet Israel's unresolved request for more economic aid. To accommodate these increases, at least $1 billion will have...

Author: /time Magazine | Title: The Cost of Friendship | 2/11/1985 | See Source »

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