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...categories, competition for copies will drive up prices and may drive out investors without cash reserves. But the bibliophiles should not lose heart. The bulls may be loose in the bookshops, but they will pass on to fresher collectibles-Sony Walkmans, early videotapes. The real enthusiasts will reap the rewards-like the Manhattan dowager who a few years ago sold her signed first edition of A Tale of Two Cities. Told that the money would have appreciated more in a savings account, she replied, "But I so much prefer reading Dickens to my passbook." Of course, if she had chosen...

Author: /time Magazine | Title: Books: The Clothbound Collectibles | 4/26/1982 | See Source »

Deterrence does not deter, it provokes. In promoting greater escalation, it makes more likely the very thing it claims to avert. We are pursuing peace by gambling with war. We cannot sow danger and reap security...

Author: /time Magazine | Title: Letters: Apr. 19, 1982 | 4/19/1982 | See Source »

Instead, the economists generally favored tax increases that would discourage consumption rather than investment. One possibility that had support from the board would be coupling decontrol of natural gas prices with a tax on the windfall profits the industry would reap. The price hike would cut consumption of an important fuel, and the tax could net the Treasury perhaps $20 billion in 1983. Greenspan suggested that Congress might look seriously at the Value Added Tax (VAT), a kind of national sales tax that is used by most Western European countries...

Author: /time Magazine | Title: Roadblocks to Recovery | 2/22/1982 | See Source »

...risk takers are immigrants who came to America to reap the benefits of its entrepreneurial climate. Sirjang Lai Tandon, 39, left his native India in 1960. In 1975 he founded a firm that makes disc drives for personal computers that are sold by Radio Shack and other companies. Last year his firm had sales of $54.2 million. Jesse I. Aweida, 50, the Palestinian-born founder of Storage Technology in Louisville, Colo., turned the computer memory company into a $922 million-a-year business. Both Altos Computer Systems in San Jose, Calif., and Osborne Computer Corp. in Hayward, Calif., were founded...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

...have been few outsiders to challenge moderation in the CCA on housing issues. In the last few years, though, tenants--not the homeowners that make up the traditional CCA--have become well-organized and increasingly politically powerful. David Sullivan can claim credit for much of that transformation; he will reap the fruits of it tomorrow with a strong showing. But the new power means the CCA will not be allowed to drift slowly to the right. If it does, tenants will increasingly distance themselves from it--there will be more Wendy Abts...

Author: By William E. Mckibben, | Title: Cambridge's Progressive Coalition-- | 11/2/1981 | See Source »

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