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...deficits require extensive borrowing and keep money tight on both sides of the Atlantic; if they continue, they risk causing renewed world recession. The 3 West Europeans, including the Socialist Mitterrand government, also feel aggrieved because they are making rigorous efforts at fiscal austerity. As a percentage of national output, the projected U.S. deficit (6.3% of G.N.P.) is nearly twice as large as those of France, Britain and West Germany, and more than three times as great as Japan's. The rise in value of the U.S. dollar has another adverse effect since the cost of petroleum is denominated...

Author: /time Magazine | Title: Playing It Loose at the Summit | 5/30/1983 | See Source »

Pendergast, always giving credit to the defense in front of him, explains that after the poor start, "the whole defense expected that low scoring output and it is trying to hold it together. We just try to do the best we can." As for the morale problem, the netminder asserts that "any negative feeling has been combatted pretty quickly. We tried to point out the positive areas. We didn't give up, and we've put it together...

Author: By Mohammed Kashani-sabet, | Title: Tim Pendergast | 5/13/1983 | See Source »

Even more disappointing for the Crimson was their meager offensive output, not only because it was the lowest since the opener, but because it represented its 11th straight failure to score in double digits. Two of Harvard's goals came in the final 10 minutes, after the Scarlet Knights had built a 10-2 lead and switched goalies. Crimson turnovers in the Rutgers end failed many scoring opportunities...

Author: By Jim Silver, | Title: ... But Laxmen Turn Scarlet of Rutgers | 5/2/1983 | See Source »

...changes generally appear to be popular and effective. Farm output has increased by one-third in just five years, and officials claim that rural productivity has risen 50% in some places. But sudden wealth can bring problems. In Hubei province, a peasant who had earned $54,000 from a fresh-water fish farm was harassed by his neighbors, who stole four of his pigs, part of the cash and 50 tons of construction materials. Admonished the People's Daily: "Rich peasants should be advised to keep their money in banks rather than in their houses...

Author: /time Magazine | Title: China: Certain Measures of Capitalism | 4/4/1983 | See Source »

...Bolero, finally succeeded in replacing the organ with the mechanical device, said DeVries, "it was a spiritual experience for everyone in the room." But the new heart failed to pump properly, and a standby unit had to be substituted. Finally, after 7½ hr., Clark's heart output was normal, he had what was described as "the blood pressure of an 18-year-old," and his bluish skin was beginning to blush pink. Still, DeVries warned, "there are many more hurdles ahead...

Author: /time Magazine | Title: Medicine: Death of a Gallant Pioneer | 4/4/1983 | See Source »

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