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...Reagan Administration prefers to concentrate on stimulating production [Sept. 28], who's going to buy the products? Mr. and Mrs. Average American will discover their newly won tax breaks are more than offset by other tax increases, rising rents, larger utility bills and higher food costs...

Author: /time Magazine | Title: Letters: Oct. 19, 1981 | 10/19/1981 | See Source »

...foul-up had its beginnings in mid-August. In the Budget Reconciliation Act, Congress charged the USDA with proposing changes in the school lunch regulations that would have reduced the cost of producing meals and partially offset the cuts in federal subsidies. A USDA task force had already been set up to address the question of "meal patterns," bureaucratese for guidelines that determine the permissible size and nutritional quality of lunches. In three weeks, the new USDA meal proposals were rushed through the agency, hastily given the green light by Stockman's Office of Management and Budget, and made...

Author: /time Magazine | Title: A Chance to Feast on Reagan | 10/12/1981 | See Source »

Unlike the McDonald's attorneys, the lawyers for the plaintiff were cautious and businesslike, possibly a strategy designed to offset the flamboyant brashness of their French-Moroccan client. A loud but affable man, Dayan is known around his attorney's rather sterile law offices for his booming voice and harmless flirtations with secretaries. At heart, he considers himself a Frenchman...

Author: By James A. Star, | Title: Ronald McDonald on Trial | 10/1/1981 | See Source »

...payoff from those stunning interest rates, though, is often only an inflationary illusion. Over the past two centuries, the real interest rate in the U.S. has been fairly consistent at about 3%. Anything more than that has just offset the current level of inflation. A return of 17% from a money-market fund is obviously better than 5.25% from a bank, but if the inflation rate is also 17%, the depositor is not really that far ahead. With inflation now at about 11%, a yield of 17% is clearly a good deal...

Author: /time Magazine | Title: Profiting from High Rates | 9/21/1981 | See Source »

...mailing last spring to drum up money and support for Reagan's budget cuts, Helms wrote that "liberal pressure groups are at work, organizing to flood Congress with mail demanding that liberal food stamp and welfare giveaways not be cut. Sadly, this pressure, if not offset, could be successful." The effort to stop the ultraliberals, the mailings usually suggest, arises because "the Lord may very well be giving us one last chance to save America." The letters typically end: "God bless you always. Sincerely, Jesse...

Author: /time Magazine | Title: The Machine That Jesse Built | 9/14/1981 | See Source »

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