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...still, the Government's fiscal profligacy in those years has drained it of any reserves that could be used to counter recessionary forces. In the postwar era, the most commonly prescribed medicine for an economic downturn has been fiscal stimulation. But persistently high federal deficits, even during periods of robust economic growth, have taken that option off the shelf. Some economists fear that if a recession does strike, Washington could succumb to policy paralysis...

Author: /time Magazine | Title: Better Watch Out | 2/12/1990 | See Source »

...relationship between efficiency and equity is not as simple as Ec 10 would have you believe. In many cases, government-sponsored social security programs can actually improve the efficiency of a market-based economy, by reducing people's resistance to the structural changes and economic dynamism necessary for a robust economy...

Author: By John L. Larew, | Title: Socialism on the March | 2/1/1990 | See Source »

Stefan Kanfer, a novelist (Fear Itself, The International Garage Sale) and TIME contributor, proves to be a robust and resourceful stand-up historian as he deftly tills familiar and unfamiliar ground: the first Jewish settlers who tried to farm the Catskills' stony soil; the hotel owners who hit pay dirt in chopped liver; singers and comedians such as Eddie Fisher, Danny Kaye and Sid Caesar, who got their starts on Borscht Belt stages; the gamblers who fixed interhotel basketball games and corrupted some of the best college players of the early 1950s; and, finally, the real estate developers...

Author: /time Magazine | Title: Books: Seltzering Holes | 1/29/1990 | See Source »

...swollen budget. After an initially sluggish response by the Reagan Administration, Washington has pumped current AIDS funding to a robust $1.6 billion. That is slightly more than the budget for cancer ($1.5 billion), which killed more than twelve times as many people last year (500,000, compared with 40,000 who died from AIDS). And it is far greater than the $610 million budget for heart disease, the nation's top killer. "It's wrong to spend more money on a disease that will never kill more than 35,000 to 40,000 people a year than on a disease...

Author: /time Magazine | Title: The AIDS Political Machine | 1/22/1990 | See Source »

British Foreign Secretary Douglas Hurd said he supported "the main thrust" of Baker's plan but he also reminded the ministers of NATO's need to keep its "robust defense capability...

Author: NO WRITER ATTRIBUTED | Title: Soviet Foreign Minister to Visit NATO | 12/15/1989 | See Source »

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