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There is a strong argument that such a stimulative policy would not only reduce unemployment but would actually shrink the budget deficits in future years. So long as the economy remains underemployed, tax collections will be low, and deficits will be huge. Each $1 of output in private enterprise adds about 400 to the tax revenues of the federal, state and local governments. Economists reckon that if the U.S. now had a "full employment" economy, it would be producing some $175 billion more goods and services annually, and federal and state governments would be collecting $70 billion more in taxes...

Author: /time Magazine | Title: UNEMPLOYMENT: America's New Jobless: The Frustration of Idleness | 3/17/1975 | See Source »

...limits of sanity. A mother might ask her son for a kiss, but her body language and tone of voice tells him she doesn't really want it. When he hesitates, she asks. "Don't you love your mother?" Double-messages like these may cause the subject to shrink from ordinary communication...

Author: By Charles E. Stephen, | Title: Forcing the Limits of Sanity | 2/26/1975 | See Source »

...please write down the nature of your problem and mail it to me. If this is an emergency, write 'Rush' on the letter. All letters will be judged on the basis of neatness and originality." Manhattan Psychiatrist Edward Hornick's electronic surrogate greets the caller with "Shrink, Inc." Some of the more innovative answering-machine users are massage parlors and "rap" studios. In its recorded message the Blue Orchid Studio of Kansas City, Mo., gets right to the point. "Hi," says a seductive, girlish voice. "Would you be interested in my warm, nude body?" One New York...

Author: /time Magazine | Title: Modern Living: Creative Answering | 2/24/1975 | See Source »

...automakers are working on plans to shrink the size and weight of their models, while keeping the interiors as roomy as ever. Engines will be smaller, less powerful and more lean on fuel. The most gas-stingy cars on the U.S. market are imports: the Japanese Honda Civic and the Datsun B-210, which get 39 m.p.g. More light-weight metals will be used. Tires will be smaller, and front ends may be built of plastic. The myriad models that now confuse all but the most ardent car buff will be drastically trimmed-at a substantial savings in production costs...

Author: /time Magazine | Title: AUTOS: Detroit's Gamble to Get Rolling Again | 2/10/1975 | See Source »

...urged him on with barely repressed gesticulations; the special interest groups were plying the assemblage with their canned arguments during recesses outside the courtroom; the press section was swollen with national reporters and court artists, who all perhaps sought the glimmerings of sensationalism, and the defense did not shrink, of course from injecting the testimony with a little high drams...

Author: By Phillp Weiss, | Title: Odd Visages at the Edelin Trial | 2/5/1975 | See Source »

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