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SUPERMAN III Directed by Richard Lester...

Author: /time Magazine | Title: Cinema: Goodness at the Crossroads | 6/13/1983 | See Source »

M.I.T. Economist Lester Thurow argues that most of the industrial-policy schemes under discussion would amount to a prop-up-the-losers approach that he calls "lemon socialism." As an alternative, Thurow suggests that the U.S. emulate to some degree...

Author: /time Magazine | Title: The New Economy | 5/30/1983 | See Source »

...million earned before taxes by Trans World's nonflying parts. Levy and the other dissidents argued that all the parts of Trans World were worth as much as $70 a share, more than twice its current $31 stock price. "There is no synergism in Trans World," claimed Lester Pollack, a general partner in Odyssey. Trans World's defense to its shareholders, trumpeted in full-page newspaper ads, was that its diversification was a strength in bad economic times...

Author: /time Magazine | Title: Corporate Civil Wars | 5/9/1983 | See Source »

...cocaine's spell is by no means confined to the obviously troubled or the weak-willed. Free-basing in particular, says Harvard Psychiatry Professor Dr. Lester Grinspoon, "powerfully fastens itself on people." Elizabeth, 33, a Chicago hair stylist, had occasionally sniffed coke for a decade. In the fall of 1981, she tried free-basing and was soon spending whole days with her pipe. "Once I started that, all I wanted was more and more," she says, her voice still full of amazement at her fling. "That's what puzzles me. I'm the type of person...

Author: /time Magazine | Title: Crashing on Cocaine | 4/11/1983 | See Source »

...pushed up inflation. Says Allan Meltzer, a Carnegie-Mellon University professor and an influential monetarist: "If the Keynesian program had worked, Jimmy Carter would still be President." Although many Keynesians now want to trim the deficit, the recession has emboldened others to call for continued high deficit spending. Says Lester Thurow, a leading Keynesian who teaches at the Massachusetts Institute of Technology: "For the next four or five years the problem is how you get the economy moving to reduce unemployment. For a period, we can afford to practice old-fashioned Keynesian economics again...

Author: /time Magazine | Title: Where Have All the Answers Gone? | 1/17/1983 | See Source »

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