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...precisely this disparity between economy and psyche, between how bad things really are and how bad we think they are, that begs explaining. Obviously, we are in a recession, but by any historical standard, a mild one. U.S. GNP has fallen 0.76% over the past year. In 1930 it dropped 9.4%; in 1932, 13.4%. During the most recent recession, 1981-82, the fall was 2.3%, three times the current contraction...

Author: /time Magazine | Title: ESSAY Why Is America In a Blue Funk? | 12/30/1991 | See Source »

...rivalry endures. Thus the simple matter of how to respond to Sununu's departure became a minicrisis. With Judd away, the stance-crafting chore fell to Hugh, who is his son's closest political confidant. Judd's staff wanted to say nothing at all. Hugh urged a mild statement of praise. "You don't kick a man when he's down," Hugh told one of his son's aides, chuckling to signal that he really would like to do nothing better. "Actually," says Hugh, "we saw the end coming when the President called Judd two weeks...

Author: /time Magazine | Title: The Political Interest Hello George, New Hampshire's Calling | 12/16/1991 | See Source »

...committee found that Cranston's conduct had been "improper and repugnant," but those were mild words to describe his dealings with Keating. In one instance, a Keating aide gave Cranston $250,000 at the same meeting during which he agreed to plead Keating's case. Cranston insisted that what he had done for Keating was not unusual for a Senator. How many lawmakers, he demanded, "could rise and declare you've never, ever helped -- or agreed to help -- a contributor?" To which Republican Warren Rudman snapped, "Everybody doesn't do it." Perhaps not. But the leniency extended to Cranston suggests...

Author: /time Magazine | Title: The Senate: The Keating None | 12/2/1991 | See Source »

...dermatologist Norman Levine told how, in a randomized, placebo-controlled experiment, visible tanning was induced in 15 healthy men after 10 injections of a potent hormone called MSH (melanocyte- stimulating hormone). The tans lasted nearly nine weeks with no immediate side effects beyond a brief flushing sensation and a mild stomachache...

Author: /time Magazine | Title: Want A Shot of Sunshine? | 12/2/1991 | See Source »

Haidar Abdul-Shafi, head of the Palestinian delegation, easily trumped Shamir. Though the substance of his talk was in many ways just as unyielding, its tone was mild, not complaining or self-righteous. He too was playing a public relations game, appealing to the Israeli peace movement and worldwide sympathizers...

Author: /time Magazine | Title: Middle East: Finally Face to Face | 11/11/1991 | See Source »

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