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...than at present). Savings: a minimum of $13 billion next fiscal year, $64 billion to $92 billion in 1985. This would be accomplished, says Reagan, primarily by ending "waste, extravagance, abuse and outright fraud in federal agencies and programs." He gave no examples of how he would wield the knife, nor did he promise to ax any programs outright-not even social welfare projects he has inveighed against in the past. The hold-down would be achieved despite an increase of at least 5% a year, adjusted for inflation, in military spending that Reagan contends is needed to "restore...

Author: /time Magazine | Title: Nation: Conservative Conservatism | 9/22/1980 | See Source »

...repeated reports of homosexual and heterosexual rape. Fear of revenge keeps most of the victims from complaining to camp authorities. Monroe County Circuit Court Judge James W. Rice says that one boy who appeared in his court seeking release from the camp "told me that he had a knife held to his throat by a group of older boys. They demanded that he commit a homosexual act." The youth was sent to live with relatives in Florida. Some Cubans also have slashed themselves to gain admittance to the safety of the camp hospital. One young man with deep knife cuts...

Author: /time Magazine | Title: Nation: Camp of Fear in Wisconsin | 9/8/1980 | See Source »

...found to give them homes, 1,000 troopers of the 82nd Airborne Division stood guard over 4,000 Cubans last week to prevent a repetition of the Aug. 5 riot in which 16 camp officials and 42 Cubans were injured, one fatally. In Fort McCoy, Wis., homosexual attacks and knife fights have broken out among the 5,300 Cubans housed in the camp; many are refugees under 18 who face continued idleness in what they view as a prison unless good Samaritans can be found who will assume legal guardianship as foster parents...

Author: /time Magazine | Title: Nation: The Welcome Wears Thin | 9/1/1980 | See Source »

Strauss, slicing a salami labeled Freedom Another poster shows Strauss as a butcher (he is a butcher's son), sharpening knife under the caption, "Castrate all libertines." West German courts have outlawed a caricature of the burly Bavarian with a machine gun, and the caption line, "Strauss, the Hitler of today." Strauss is reportedly ready to bring defamation charges against a rock group for a song that contains the ugly refrain: "Franz Josef the pig, Franz Josef the old pig, Franz Josef the lusting swine." When a local prosecutor charged that the song was insulting to Strauss, the band...

Author: /time Magazine | Title: WEST GERMANY: Polemics and Poisonous Blossoms | 9/1/1980 | See Source »

...N.Y.F.E. (pronounced knife), which is located adjacent to its parent, the New York Stock Exchange, is the first major diversification in the N.Y.S.E.'s 188-year history. The new exchange aims to become an important international center for trading in financial futures, which have been pioneered by the Chicago Board of Trade and the Chicago Mercantile Exchange's International Monetary Market. Essentially, financial futures are contracts to buy or sell Treasury securities, Government-backed mortgages, or foreign currencies at a preset price at a specified future date. Says N.Y.F.E. Chairman John Phelan: "Few commodities have as much potential...

Author: /time Magazine | Title: Business: New Game in Town | 8/18/1980 | See Source »

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