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...Restraints. A pragmatic, neo-Keynesian economist. Schultze favors a temporary tax cut of undetermined size to stimulate the economy and help reduce unemployment. Unlike the present head of the CEA. Alan Greenspan, Schultze thinks it is socially disastrous to combat inflation by keeping the lid on the economy and keeping unemployment high, says fellow Economist Arthur Okun. On the other hand, Schultze, no doctrinaire, fully appreciates the dangers of inflation. It was largely his testimony that brought about the drastic revision of the Humphrey-Hawkins bill, which would attack unemployment by making the Government the employer of last resort...

Author: /time Magazine | Title: Nation: Jimmy's Utility Infielder | 12/27/1976 | See Source »

Humble Peugeot. Gaddafi's messianism has had its advantages on the home front. His personal asceticism-he lives in army barracks and rides around Tripoli in a humble white Peugeot -keeps a lid on the nouveau riche excesses that have plagued Saudi Arabia. Some observers are worried about the immigration of Libyans from the desert to the cities. Says one Western diplomat: "These people are desert nomads. There's danger that they'll become disoriented by urban life and indolent with their riches. Gaddafi is trying to combat this with a religious, revolutionary fervor-with unknown success...

Author: /time Magazine | Title: LIBYA: Living the 'Third Theory' | 12/6/1976 | See Source »

...here's something you probably didn't know: Ever hear of Lou Reed? Well, he's the same Lou Reed--then "Louis Reed" who blew the lid off the went on to play Wally in "Leave it to Beaver." His father runs a Blimpie on the corner of 43rd and Madison in NYC. Oh, yeah--you know that right arm? Totally phony, Blown off in the war. Blown...

Author: By Rich Weisman, | Title: Oh, Frankie...! | 10/28/1976 | See Source »

Skyrocketing electric rates in Massachusetts have prompted two of the questions on the ballot. Question 4 would establish a state power authority, similar in concept to public power companies throughout the country. Public power is a proven concept that will put a lid on the ever-rising cost of electricity...

Author: NO WRITER ATTRIBUTED | Title: Clear Choices... ...Vital Issues | 10/27/1976 | See Source »

...shows were much sought after: the master of this taxing form was the Dutch artist Samuel van Hoogstraeten, who around 1655 constructed a perspectyfkas, or perspective cabinet, a whole miniature Dutch interior to be viewed through eyeholes. So complete is the illusion that one cannot guess, without taking the lid off the box, that these stable objects- the chair, the dog, the tile floor - that seem to have the clearness and density of the real world are painted flat, a jumble of skewed angles involuntarily assembled...

Author: /time Magazine | Title: Art: Fun-Fair Illusions | 10/4/1976 | See Source »

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