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This is not to say that Miller will succeed. He and Carter are engaged in the trickiest and riskiest of all economic maneuvers: an attempt to slow a surging but vulnerable economy just enough so that inflation gradually subsides, but not so much as to sink the nation into a recession. Administration officials refer to this as guiding the economy to a "soft landing" from its too-rapid pace in the quarter just ended. Estimates of production growth in the second quarter cluster around an annual rate of 9%. Miller prefers to talk of reaching a "sustainable path of growth...

Author: /time Magazine | Title: Inflation: Attacking Public Enemy No.1 | 7/17/1978 | See Source »

With few exceptions, what is most interesting and important about Beckett has transpired in his mind. This is the hardest and riskiest area for a biographer to penetrate, but Bair manages to avoid pop-psych theorizing and to let what facts there are speak for themselves. After a long period of psychoanalysis and a chance attendance at a lecture by Carl Jung, Beckett decided that he had not fully been born. This, he felt, explained his fondness for curling up in dark rooms, his urge to hide from an insistently garish reality. "I'm looking for my mother...

Author: /time Magazine | Title: Books: Illuminations of the Grotesque | 5/22/1978 | See Source »

Fortunes have been made over the past several weeks, but a few have been lost too. Some of the biggest winners and losers are the traders in options, the riskiest of investments. Options are essentially future "rights" to buy stocks, and investors in them manage to participate fully in the rise, or fall, of a stock without paying the full market price...

Author: /time Magazine | Title: Business: Wall Street's Winners and Losers | 5/8/1978 | See Source »

...chemical and germ warfare center at Fort Detrick. Md. Next week it will become the site of an important experiment. Converted at a cost of $250,000, the facility has been certified by the National Institutes of Health as the nation's first P-4 laboratory, where the riskiest genetic research now permitted by the NIH can be conducted. The lab's initial test will attempt to answer two vital questions: Can recombinant DNA research create dangerous organisms? If so, can they be safely handled in a laboratory...

Author: /time Magazine | Title: Science: Leakproof Lab | 4/3/1978 | See Source »

...fell in love at first sight. It's the sort of city I'm glad to be married to." The indefatigable Composer-Director-Impresario Gian Carlo Menotti was at it again, in what could be the greatest -and riskiest-romance of his long career in music and the performing arts: launching an American version of Italy's Spoleto Festival in Charleston, S.C. Menotti created the original festival in June 1958, transforming the quiet old Umbrian hill town of Spoleto into an international center of the arts...

Author: /time Magazine | Title: Music: Newest US. Immigrant: Spoleto | 6/6/1977 | See Source »

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