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Like a sailboat tossing about in a wild sea, the government's activities in the economy under capitalism have bounced from one extreme position to another. For more than a century the state had very little or no role in the overall running of the nation's business affairs. When...

Author: /time Magazine | Title: Business: Capitalism: Is It Working...? Of Course, but... | 4/21/1980 | See Source »

Beyond reining in consumer expectations, several basic, if familiar, steps are necessary. The first is to reduce the previously excessive growth of money and credit in order to restrain demand and restore stability. Federal Reserve Chairman Paul Volcker has started a series of necessary credit-tightening measures to restrict demand...

Author: /time Magazine | Title: Business: Capitalism: Is It Working...? Of Course, but... | 4/21/1980 | See Source »

> Cataracts, the clouding of the eye's lens, have blinded millions of people in Asia and the Indian subcontinent. In these areas, surgery costing as little as $5 per patient can remove the occluded lens and restore some vision. Wilson reaches the cataract victims by setting up temporary eye...

Author: /time Magazine | Title: Medicine: Man of Vision | 4/21/1980 | See Source »

Liberal Democrats have tried twice, with President Carter's backing, to restore $500 million in aid to cities, but they have been beaten both times. Meanwhile, Giaimo has won the agreement of House Republicans, who usually vote en masse against any Democratic budget proposals, to back his program-eventually...

Author: /time Magazine | Title: Nation: A Time of Wild Gyrations | 4/7/1980 | See Source »

In light of the disastrous impact of such a policy in Iran, it is disturbing to witness that its principles do not seem to have been adequately questioned by policy-makers in Washington. That this is the case is suggested firstly in the above-mentioned moves of the administration and...

Author: By George E. Bisharat, | Title: Intelligence or Intelligent Policy? | 4/3/1980 | See Source »

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