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That much modern psychopathology grows out of the dynamics of economic freedom suggests a dearth of miracle cures; Utopian alternatives to captialism have a history of not working out. Even the more modest reforms that are imaginable--reforms that somewhat blunt modernization's antisocial effects--will hardly be easy or cheap. Workplace-based day care costs money. Ample and inviting public parks cost money. And it costs money to create good public schools--which by diverting enrollment from private schools offer the large communal virtue of making a child's neighborhood peers and schoolyard friends one and the same. Yikes...

Author: /time Magazine | Title: THE EVOLUTION OF DESPAIR | 8/28/1995 | See Source »

...institutions and portfolio managers who had received huge blocks of shares still hadn't sold any of their stock. Investors were bidding up the price so fast that the ground floor had yet to be set. What the investment banks had valued a few weeks ago at a modest $14 was soaring to $30...$45 ...$55 and into the wild blue-chip yonder. Finally, as stunned brokers nationwide sat with phones glued to both ears--buyers on one, sellers on the other--the opening price was reached: $71 a share. Only then did profiteers start cashing in: Sell, sell, sell...

Author: /time Magazine | Title: BROWSER MADNESS | 8/21/1995 | See Source »

...budget 40%. But there are still plenty of Republican voters (and not a few legislators) who would like to see their local symphony orchestra, town theater or children's art-education program survive, and know that the prospects of their survival are bound up with continuing, if modest, support from the NEA. Though the NEH and CPB will prove much harder to kill, the prospects of the NEA's survival in the long...

Author: /time Magazine | Title: PULLING THE FUSE ON CULTURE | 8/7/1995 | See Source »

...than five-hundredths of 1% of its national budget on all forms of cultural subsidy--the equivalent of maybe five cups of diner coffee per citizen per year. In fiscal 1995 the NEH got $172 million, the NEA got $162.4 million, and the CPB got $285.6 million. Still, these modest sums exert large leverage on private and corporate patronage through "matching grants" (to qualify, the recipient must raise as much as $3 from the private sources for every federal dollar) and by the vitally important role played by the NEA and the NEH as Good Housekeeping seals of approval...

Author: /time Magazine | Title: PULLING THE FUSE ON CULTURE | 8/7/1995 | See Source »

...reasons or saddled with a new waiting period simply because of a job change. Though the insurance industry has argued that the requirements would drive up premiums, mainly by keeping more sick people insured, Sen. Nancy Kassebaum (R-Kan.), a co-sponsor, said: "Most Americans would rather see a modest increase of premiums in exchange for peace of mind." Sen. Edward Kennedy (D-Mass.), the other chief backer, said he would still seek Clinton-style universal coverage, "but it's important to deal in the real world...

Author: /time Magazine | Title: SENATE READIES "STEALTH HEALTH" | 8/2/1995 | See Source »

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