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...economy even lower. Some conservative economists predict that the result of the red ink will be higher interest rates. Says Burton Malkiel, an adviser to Gerald Ford and now dean of the Yale School of Organization and Management: "You have a $100 billion deficit running smack against a tight rein that the Federal Reserve has held on the money supply. That will push up interest rates...

Author: /time Magazine | Title: The Great Deficit Dilemma | 2/15/1982 | See Source »

Weinberger denigrated the benefits of detente and called for a buildup of NATO's conventional and nuclear forces; Haig had to reassure allies that the U.S. was still committed to pursuing arms control negotiations with the Soviets as well as upgrading the Western deterrent. Haig also had to rein in Weinberger when he announced, without consulting NATO leaders, that the Administration was planning to produce neutron warheads for eventual deployment in Europe. Haig promised the allies there would be no deployment of the enhanced radiation bombs without full consultations...

Author: /time Magazine | Title: Reagan's Cabinet: Mixed Grades | 12/14/1981 | See Source »

...flags, the monologues seldom ramble. There's a risk in doing a play with only three actors, but there can be a certain magic as well. Luckily, Moore has sensed that the magic of Slow Dance lies in the passions of his characters and has given them correspondingly free rein...

Author: NO WRITER ATTRIBUTED | Title: Extraordinary People | 11/12/1981 | See Source »

...attitudes? Tawajiri held out no hope that it would. Said he: "The U.S. hasn't sent us one single rifle without the imprimatur of Israel on it." That statement, of course, is ludicrous. Yet it is important evidence that Saudis share the Arab view about the American failure to rein in its Israeli ally, even when Israel bombs civilians in Beirut and a nuclear reactor in Iraq...

Author: /time Magazine | Title: AWACS: He Does It Again | 11/9/1981 | See Source »

...Bolanos. All had strongly supported the overthrow of Dictator Anastasio Somoza. They had also advocated a mixed economy of socialism and free enterprise to rebuild Nicaragua's war-torn economy. But from the beginning, according to a Sandinista document, the government had planned to give the capitalists free rein only until it was able to take over the economy. COSEP members saw their control whittled away by nationalizations of banks, some industry and agricultural holdings. The economy became dependent upon an estimated $450 million in foreign aid and loans, $60 million of it from the U.S. last year...

Author: /time Magazine | Title: Nicaragua: Crackdown | 11/2/1981 | See Source »

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