Word: latelys
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Dates: during 1970-1979
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...economic story in the late '70s is a big story, if not the big story," says George Taber, who, as TIME'S Washington-based economics correspondent since 1977, may be somewhat partial to the subject. Even before he began work on this week's big story about the "Topsy-Turvy Economy," Taber was hearing frequent complaints that there was no "new Keynes" to explain or solve inflation, declining productivity and the other persistent problems of the decade. "At the same time," he says, "there has been excited talk about a group of fresh, unorthodox economists...
...economy and how to start fixing it. These academics, still in their 30s or early 40s, admit to many more questions than answers and are sometimes unfairly dismissed by their more traditionalist colleagues as "N.C.s" (Neanderthal Conservatives). Hardly Neanderthal, they are instead moderate, pragmatic economists of the late 1970s who are bringing fresh air, and fresh hope, to the dismal science. Says Rudolph Penner, head of tax-policy studies at the American Enterprise Institute: "The exciting ideas are now coming from the under-40 crowd, and they are saying that Government is not efficient...
Founded in 1934 by the late Freudian analyst Robert Young, Wediko is the nation's oldest therapeutic camp for disturbed youngsters. Once it took only boys who had relatively minor neuroses. Today Wediko is more daring. Supported by private and public funds (cost per child: $1,500), it accepts badly troubled youngsters of both sexes. Of its 144 campers this summer, many have been battered and sexually abused. Some refuse to eat; others are withdrawn, suicidal and even homicidal. Explains Psychologist Hugh Leichtman, the camp's director: "These children are very resistant to change...
...less interesting than her collections of magazine pieces; paradoxically, the novels do not exert the dramatic force of her journalistic essays. Didion is best when the literary transaction is personal and direct, when she is a live character reporting her own wanderings through the splendidly strange California of the late '60s and the '70s, a California that elaborately belongs to her because it is in part her own invention, like the persona that describes...
...Didion's pieces, the players of the late '60s and the '70s come back in their vivid dementia: Hell's Angels, Jim Morrison and the Doors, Huey Newton, Bishop James Pike. Charles Manson peers in at the window. Linda Kasabian, the star prosecution witness against Manson, recruited Didion at one point to go to I. Magnin in Beverly Hills and buy her a dress for court: "Size 9 Petite. Mini but not extremely mini. In velvet if possible." Didion and Roman Polanski turn out to be godparents to the same child...