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...return, the Democrats have shown a willingness, despite O'Neill's rhetoric, to consider cuts in Social Security payments. One plan tentatively accepted by both Domenici and Jones is to postpone for three months the cost of living adjustments scheduled for next July and then peg future COLAs at 2 or 3 percentage points below the consumer price index. All told, the entire bipartisan package would slash $80 billion off the CBO's projected $180 billion shortfall, enough to reassure the financial markets...

Author: /time Magazine | Title: One Last Hand of Budget Poker | 4/19/1982 | See Source »

...were supposed to make a woman happy. Even before Little Ricky's birth, for example, Lucy Ricardo stayed home as a housewife. Her urge to take a job and fulfill ambitions of her own was considered one of the wackier aspects of her humor. Lucy's contemporary Peg Riley (in William Bendix's The Life of Riley, 1953-58) stayed home too, despite the constant money worries stemming from Riley's modest wage as a riveter. And the handful of working women in '50s TV were mostly man-hungry spinsters like Eve Arden...

Author: /time Magazine | Title: Video: Ricky, Riley, Edith and Maude | 4/19/1982 | See Source »

...Government. Nixon never considered Agnew up to succeeding him. He occasionally said, only partly facetiously, that Agnew was his insurance policy against assassination. My impression that evening was that Agnew was not exactly heartbroken that his tormentors on the White House staff might be taken down a peg. Through the initial period of Watergate, Agnew remained conspicuously aloof. And when his own purgatory started, the White House, including Nixon, reciprocated by dissociating from him. Agnew's icy detachment from his chiefs travail brought a premonition of imminent disaster. A Vice President eager to succeed would hardly be so cutting...

Author: /time Magazine | Title: WATERGATE: THE FEAR OF GOD | 3/8/1982 | See Source »

...view. It is focused, not exclusively on the text of Kandinsky's own paintings, but on their context as well. What did he see in Munich? What did he get from other artists' work? The exhibition, closely and intelligently curated by Art Historian Peg Weiss, is therefore largely about the Jugendstil, or youth-style-the art-nouveau porridge of medievalism, forest fantasies, greenery-yallery decor and arts-and-crafts utilitarianism that was cooking in the Munich studios when Kandinsky made his late start as a 30-year-old art student therein...

Author: /time Magazine | Title: Art: Preparing for Abstraction | 2/15/1982 | See Source »

...bucks, much media attention and even some good reviews go to a 598-page biography of Elvis Presley that is like a game of mumblety-peg played on a corpse. REO Speedwagon has moved more than 6 million copies of its latest record, thereby making Hi InFidelity the second largest selling album in the history of CBS Records. Rolling Stone, a magazine that was once the most prominent and articulate forum for rock culture, divests itself of much of its music coverage and aims for a more general readership. Record companies have cut back on corporate extravagances and are making...

Author: /time Magazine | Title: Music: Rock Hits the Hard Place | 2/15/1982 | See Source »

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