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...discovered what this meant early this year, when it received a document entitled Draft Consolidated Guidance for Fiscal 1980. It was drafted by Russell Murray, 52, a former Pentagon systems analyst who is now Assistant Secretary of Defense for program analysis and evaluation. Said he: "Our near-term objective is to assure that NATO could not be overwhelmed in the first few weeks of a blitzkrieg war, and we will invest and spend our resources to that end." As for the Navy, it should concentrate on "localized contingencies outside Europe...

Author: /time Magazine | Title: The Navy Under Attack | 5/8/1978 | See Source »

Navy Secretary Claytor was horrified. He retorted to both Brown and Murray that this amounted to a "fundamental change in national strategy," and he resisted "the conclusion that a smaller and less capable Navy is somehow logical." Claytor got strong support from General George Brown, Chairman of the Joint Chiefs of Staff (whose term ends July 1), who denounced the tendency to make policy and strategy "secondary to programming and fiscal considerations...

Author: /time Magazine | Title: The Navy Under Attack | 5/8/1978 | See Source »

...when should the tax cut take effect? Federal Reserve Chairman G. William Miller was the first to suggest putting off the date from Oct. 1 to Jan. 1, as a means of lopping $9 billion off the fiscal 1979 deficit. Republican Economist Murray Weidenbaum, an advocate of Carter's $25 billion tax cut, disagrees. Whatever reductions are enacted, he says, should take effect at the start of the Christmas-shopping season to spur retail sales and end 1978 on an upbeat note. But Miller's proposal is gaining ground...

Author: /time Magazine | Title: Business: Clamor for a Smaller Tax Cut | 5/8/1978 | See Source »

...performed, and the Plaza Hotel, where they stayed. Sometimes it is all too obvious that the film was really shot in Hollywood, but there are many details that are just right. The rioting Beatles fans still wear the clothing and hair styles of the pre-mod years; Disc Jockey Murray the K and Ed Sullivan (in the eerie reincarnation of Impressionist Will Jordan) are on hand to play their pivotal roles in the drama. The Beatles themselves appear only as ghosts: on record jackets, in silhouette, in newsreel footage and, naturally, via their old song hits on the sound track...

Author: /time Magazine | Title: Cinema: Teen Dreams | 5/8/1978 | See Source »

Number-one singles man Lundy fought another hard-luck battle Saturday as the Harvard captain grooved his injury-adjusted serves to highly-touted Quaker Murray Robinson and lost, 4-6, 6-4, 6-4. Lundy put up a fight, but only to see his late-match comeback fall just short...

Author: By John Donley, | Title: Racquetmen Punish Penn, 6-3, For Sixth Victory in a Row | 4/24/1978 | See Source »

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