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TIME'S economists predict that growth in the gross national product, after adjustment for inflation, will fall from 7.6% in the second quarter to 4% in the last three months of the year. In 1985 growth is expected to remain at a healthy 3.5% pace. As the economy slows, upward pressure on interest rates should ease considerably. The TIME board forecasts that the prime rate will rise no more than a percentage point, to 14%, between...

Author: /time Magazine | Title: The Recovery Rolls On | 9/24/1984 | See Source »

...will comment on several issues of varying degrees of difficulty. In doing so, I will not pretend to answer all the questions and problems that could arise involving free speech. So much turns on the particular facts of each situation and the situations are so numerous and hard to predict that no one could aspire to present a comprehensive treatment of the subject. Instead, I have tried to choose a sample of questions growing out of the recent incidents at Harvard and other campuses in the hope of clearing up some of the confusion that can arise over the application...

Author: NO WRITER ATTRIBUTED | Title: An Open Letter | 9/21/1984 | See Source »

...debate of an emotional intensity that neither side had anticipated, and it worried both candidates, since neither could predict its ultimate political impact. Having boiled up during and immediately after the Republican Convention, particularly in remarks in which Reagan asserted that religion and politics are "necessarily related" and characterized opponents of his school-prayer amendment as "intolerant of religion," the issue did not subside last week. Indeed, it intensified and widened, involving politicians and pundits across the nation, including a full range of religious spokesmen. But most of all, it provided a theme that for once found Reagan backpedaling...

Author: /time Magazine | Title: God and the Ballot Box | 9/17/1984 | See Source »

Some U.S. officials predict that Mulroney will eventually have to take a more critical stance toward the U.S., if only for domestic reasons. Canadians have a historical ambivalence toward the colossus to the south, proud of their status as one of the world's leading industrialized nations but keenly aware their neighbor is about ten times Canada's size in production and population. "Mulroney will have to give the Americans the back of his hand every so often," says a Capitol Hill expert. The Reagan Administration expects that relations will remain warm because of Mulroney...

Author: /time Magazine | Title: Canada Changes Course | 9/17/1984 | See Source »

...copies of medicines already being sold. Under the new law, firms need only show that their generic pills are the chemical equivalents of brand-name drugs and deliver the same amount of medicine with the same speed into the bloodstream. Because of this change in the rules, industry experts predict that within a year or two, generic copies of perhaps 150 leading brand-name drugs will appear. They include Valium, a tranquilizer, Diabinese, a pill to control diabetes, and Motrin, a medicine for arthritis. Hemant Shah, a drug-industry specialist with Mabon, Nugent, a Wall Street investment firm, estimates that...

Author: /time Magazine | Title: Prescription for Cheap Drugs | 9/17/1984 | See Source »

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