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...ballooned the figure to $749 billion. Critics fear that the results will be stunning deficits that will fan inflation and keep interest rates high enough to abort a recovery from the present severe recession and possibly discourage the very business investment that both the Administration and Congress wanted to prompt. The latest Commerce Department survey shows that businessmen are actually planning a .5% cutback in their spending for new plant and equipment, adjusted for inflation, in 1982; such spending rose by a nearly invisible .3% last year...

Author: /time Magazine | Title: Stewing in Its Own Largesse | 2/1/1982 | See Source »

Jerusalem's reaction was prompt and predictable. At midweek, Israeli Prime Minister Menachem Begin told U.S. Ambassador Samuel Lewis that he would ask his Cabinet to reject the participation of the Europeans as long as they supported a P.L.O. peace role. The 68-year-old Prime Minister's resolve was in no way weakened the next day when a fall in his home hospitalized him with a broken left thigh. It was expected that the Cabinet meeting discussing the subject would be held at his bedside in Jerusalem's Hadassah Hospital...

Author: /time Magazine | Title: Fighting over the Peace Keepers | 12/7/1981 | See Source »

...NATO treaty, Article 5, declared, "The parties agree that an armed attack against one or more of them in Europe or in North America shall be considered an attack against them all." The U.S. had the responsibility, a key NATO document declared, for "strategic bombing, including the prompt delivery of any and all weapons," a euphemism for atomic bombs...

Author: /time Magazine | Title: Yankee, Don't Go Home | 11/30/1981 | See Source »

...every offensive in the war on drugs merely seems to prompt dealers to grow more ingenious in their evasive methods, and Operation

Author: /time Magazine | Title: Lost in the Laundry | 11/23/1981 | See Source »

...Corruption, Korea") is largely forgotten; we have seen worse. And Harry Truman has a reputation as a statesman-for the first postwar line drawing against the Soviets, the Truman Doctrine covering Turkey and Greece; for the Marshall Plan to rebuild Europe; and for the founding of NATO. He was prompt and courageous in moving to the defense of South Korea (though less effective in prosecuting the war); he lost no sleep over the decision to drop the A-bomb and later to build the H-bomb. Indeed, one school of revisionist historians now holds Truman just about as culpable...

Author: /time Magazine | Title: Essay: Fluctuations on the Presidential Exchange | 11/9/1981 | See Source »

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