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...sure casualty in Jorgenson's scenario: the President's hope of balancing the budget by 1981. Without exuberant growth, he says, "there's no way that goal will be realized...

Author: /time Magazine | Title: Business: A High Price for Full Employment | 8/1/1977 | See Source »

President Jimmy Carter flashed a yellow light-proceed with caution-for the funding of a weapon that most U.S. military strategists consider necessary to avoid such a scenario. The neutron bomb,* they argue, would enable NATO commanders to foil an attack without virtually destroying West Germany in the process, as would be the case if existing tactical nukes were used...

Author: /time Magazine | Title: DEFENSE: Yellow Light for the Neutron Bomb | 7/25/1977 | See Source »

...told it, her life read like the scenario for a Broadway musical: the rebellious daughter of a rich Madrid family flees her unloving husband and arrives in Manhattan, pregnant, frightened and perilously low on funds. She endures trials that would break a lesser spirit. Finally, thanks to her beguiling charm, brains ("The bankers could not keep up with me ") and beauty, she achieves a success no other woman has ever attained-she becomes Broadway's boldest angel (a $57,000 investment in Hair brings a $2 million gain) and its hottest producer. And guess what? On the side...

Author: /time Magazine | Title: INVESTIGATIONS: Winging a Broadway Angel | 7/25/1977 | See Source »

Some close aides of the Chancellor believe he is so resigned to eventual defeat that he may ask for a vote of confidence in the Bundestag in early fall. According to this scenario, Schmidt would lose and call for a new national election, which the opposition Christian Democratic Union-Christian Social Union alliance would almost certainly win. The reasoning behind this strategy: the new government would bog down in the economic and social difficulties facing the country, and thereby prepare the way for a revamped and refreshed S.P.D. to win a clear majority in the 1981 election, without the need...

Author: /time Magazine | Title: WEST GERMANY: Facing a Helmut Problem | 7/4/1977 | See Source »

...triple the company's 1976 earnings of $1.41 per share. Moreover, rumors have floated around Wall Street that the company was a likely takeover candidate. But any purchaser would now have to pony up more than $70 million above the stated book value of the company, an unlikely scenario...

Author: /time Magazine | Title: STOCK MARKET: The Star Wars Explosion | 6/27/1977 | See Source »

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