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...most pressing issue for consumers is the future of phone rates. The breakup of AT&T into separate corporate entities, one for local calls and one for long-distance ones, will effectively undermine AT&T's traditional practice of charging premium prices for long-distance service in order to hold down the cost of local calls. This internal subsidy system has worked remarkably well over the years. Though inflation has pushed up overall consumer prices in the U.S. by nearly 130% in the past ten years, the cost of local telephone service has risen by only 51.7%. In fact...

Author: /time Magazine | Title: Stalking New Markets | 1/25/1982 | See Source »

Reed's efforts to rise into these organizations might seem pathetic to any student putting a premium on time spent free at schoolwork: there John's priorities left no choice in the matter. He described three types of "Harvard men." The athlete he admired, but nevertheless regarded as something of a dullard. The serious scholars, he conceded benefited from both the discipline and depth of their training, but had none of the spirit that made life, and living it, an experience to be treasured. This spirit of enthusiasm and energy could only be appreciated by the "activities...

Author: By Siddhartha Mazumdar, | Title: No Red at Harvard | 1/18/1982 | See Source »

...Netherlands, the then queen's consort was forced to give up virtually all his military and business positions. The jumbo jet even gave Lockheed headaches when times were good. Orders poured in so fast in 1978 and 1979 that the company was forced to pay premium wages and materials prices to meet the unanticipated demand. The result: Lockheed lost $199 million on the TriStar last year, and the company's overall earnings fell...

Author: /time Magazine | Title: Catch a Falling TriStar | 12/21/1981 | See Source »

...Spector's downfall. But in contemporary practice, the safeguard often does not work. So much is being done in every field that unless an experiment is really important, years may pass before anyone tries to repeat it. Especially at a time when new ideas are at a premium, there is not much profit in doing over someone else's work. Furthermore, repetition is sometimes all but impossible, as in the case of health studies involving thousands of patients...

Author: /time Magazine | Title: Science: Fudging Data for Fun and Profit | 12/7/1981 | See Source »

...piranhas were raised on the Stockman spread, but the farm comes into view: "The inflation premium melts away like the morning mist"; "all conventional estimates just wind up as mud"; "if there's a consensus, he [Reagan] is not going to buck...

Author: /time Magazine | Title: Essay: A Horse in Sheep's Clothing | 11/23/1981 | See Source »

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