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...broad outline into detailed spending legislation, are rejecting their party's more revolutionary ideas for cutting the size of government-and, some dismayed Republicans say, jeopardizing the G.O.P.'s chances of actually achieving a balanced budget by 2002. The proposals being thrown out by the Appropriations Committee are relatively modest. But if lawmakers can't say no to little programs, it bodes ill for their ability later on to cut the bigger ones, like entitlements. No one is more worried by the direction in which things are headed than Budget Committee chairman John Kasich, who said that while the appropriators...

Author: /time Magazine | Title: YOUR KNIFE OR MINE? | 6/26/1995 | See Source »

...Federal Reserve survey released today suggests the economy may be slipping into a mild recession. UnderscoringChairman Alan Greenspan's unusually frank warning of a "modest, near-term recession"Tuesday night, the "Beige Book" survey of business conditions by the Fed's 12 regional banks said key segments of the economy that respond most readily to higher interest rates are slowing dramatically. According to the report,auto industry sales remain "depressed" and home-buying is slower than last year. On the upside, the survey found only mild inflationary pressures. Greenspan's comments have convinced many Fed-watchers that...

Author: /time Magazine | Title: FED . . . RECESSION 'ROUND THE BEND? | 6/21/1995 | See Source »

...median income, $71,000. Like other high-end offerings, its glossy editions feature gorgeous photography, closeups of sweaty petals and buxom peonies, landscapes that cry to be painted. Here the advertisers are more likely to be selling single-malt Scotch and leather goods than power mowers. For the more modest-and practical-Hearst has launched Country Living Gardener, and Meredith offers Home Garden. Conda Nast will re-enter the gardening market in the fall of 1996 with the defunct HG, relaunched as House & Garden, under new editor Dominique Browning...

Author: /time Magazine | Title: POWER GARDENING | 6/19/1995 | See Source »

Olajuwon was so devastating in the series with the Spurs, averaging 35.3 points, 12 rebounds and four blocked shots, that Houston coach Rudy Tomjanovich proclaimed it a "legendary performance that people will be talking about for a long, long time." Even the normally modest Olajuwon admitted, "I don't think I realized [how well I played] until I saw the film, and then I said, 'Who's that...

Author: /time Magazine | Title: BASKETBALL: THE DREAM IS AGAIN SWEET FOR THE ROCKETS | 6/19/1995 | See Source »

Still, brown remains modest about heraccomplishments. For her, acting is not just ameans of expressing herself; it is her way ofbringing more beauty into the world and making ita better place...

Author: By Hallie Z. Levine, | Title: Sometimes, the Best Man For the role is a Woman | 6/8/1995 | See Source »

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