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Dates: during 1970-1979
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WHILE ACADEMIC ECONOMICS roils in disagreement, Volcker has set the terms for a larger national debate from now till the 1980 elections. No one doubts that inflation is the American public's white whale, the unknown menace the government must first locate and then destroy. But experts and laymen alike disagree over where to begin looking. Liberal economists and their political bedfellows argue that narrow monetary policy can't solve domestic inflation when well over half that inflation traces its lineage to the tankered waters of the Persian Gulf. If OPEC intends further price hikes--as it apparently does--then...

Author: By Scott A. Rosenberg, | Title: Riding the Volckerwagen | 10/24/1979 | See Source »

...cent left Smith on the Junior Year Abroad program. The others left for domestic college exchange programs or on the Washington seminar program. Ann Keppler, director of financial aid at Smith, says the large number of absences caused some temporary confusion, but the college compensated by bringing in a larger freshman class. This year, the percentage of students abroad has returned to normal. Keppler believes the sudden increase was part of a fad, not a long-term trend...

Author: By Susan C. Faludi, | Title: Forestalling the Exodus | 10/22/1979 | See Source »

...though the initial investment might be low. Says he: "Large companies could care less about the guy who has a $100,000 idea. They'd lose that in the paper-clip account." Such technological triumphs as Xerography and Polaroid film were developed by small innovator-entrepreneurs only after larger firms turned down the ideas...

Author: /time Magazine | Title: Business: The Sad State of Innovation | 10/22/1979 | See Source »

...ultimate import of Castro's words. The situation is the Middle East may be tragic, violent and marked by individual atrocities on both sides. But it is not genocide. If we define it as such, and begin to believe our own words, then we will tolerate ever larger crimes, crimes which might accurately be labeled "genocide," even as, on a smaller scale, we tolerate them...

Author: By Thomas M. Levenson, | Title: By Any Other Name | 10/20/1979 | See Source »

Baasie's hostility jolts Rosa from her comfortable daydream, forcing her to confront the question she has fled: whether to fight or capitulate. Rosa, the reluctant dissident, is not larger than life. She is not like her singleminded father, who chose his path without regrets or soul-searching. Rosa must find her own way to fight. Her heroism is more moving because it is more human, because her conflicts--both selfish and unselfish--mirror...

Author: By Susan D. Chira, | Title: Marching Away from Pretoria | 10/20/1979 | See Source »

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