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While Feldstein gave serious responses to the questions regarding economics, he kept the mood fairly light with humorous anecdotes about his time spent with Ronald Reagan and his beagle’s knowledge of economics. He cracked a few unexpected jokes, winning laughter from the crowd...

Author: By Alexandra M. Gutierrez, CONTRIBUTING WRITER | Title: Feldstein Says Farewell | 5/5/2005 | See Source »

...major players. And even those firms are looking abroad: Boeing, the world's top aerospace firm and the U.S.'s biggest exporter (2004 revenues: $52 billion), outsources jet components to Japan and Italy. "It's not just a cliché to say the world is getting smaller," says Mark Ronald, CEO of the U.S. arm of BAE Systems...

Author: /time Magazine | Title: Competition: Foreign Policy | 5/4/2005 | See Source »

...MOVEMENT TO IMPOSE standards and accountability on public schools began long before Bush took office. In 1983, a landmark federal study, A Nation at Risk, warned of a "rising tide of mediocrity that threatens our very future." Politicians dutifully increased education spending, but no one--not Ronald Reagan, George H.W. Bush or Bill Clinton--had the political nerve to back up expectations for improvement with consequences if schools failed to measure...

Author: /time Magazine | Title: Inside the Revolt Over Bush's School Rules | 5/2/2005 | See Source »

...sport, tennis, in which he is known on occasion to switch his racquet from his right hand to his left in the middle of a point to avoid using his weaker backhand. So it was that during the 1990s the onetime adviser to Presidents Richard Nixon, Gerald Ford and Ronald Reagan joined the deficit hawks in Bill Clinton's Administration to support raising taxes, only to bless, however obliquely, President Bush's 2001 cuts in the wake of projected surpluses...

Author: /time Magazine | Title: Greenspan's Deficits | 4/25/2005 | See Source »

...Ronald Reagan deplores the term Star Wars to describe his Strategic Defense Initiative. So does retired Army Lieut. General Daniel Graham, one of the originators of the idea to build a defensive shield against nuclear missiles, even though his organization, High Frontier, uses the words in a new pro-SDI television commercial. George Lucas, creator of the Star Wars movie trilogy, hates the usage most of all. His company, Lucasfilm, asked a Washington federal district court to enjoin the TV spot on the ground that it damages a valuable trademark (film revenues to date: $1.3 billion) by taking Star Wars...

Author: /time Magazine | Title: American Notes | 4/18/2005 | See Source »

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