Word: shrinkly
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Those egos will have to shrink, along with authors' incomes, as paperback houses become a greater force in publishing. More and more often now, they depend on generic categories-romances (25% to 30% of all fiction sold), mysteries, historical sagas and scifi. According to Sociologist Walter Powell, co-author of Books, the Culture and Commerce of Publishing: "Fiction may no longer be part of the mass market. It looks very dismal for people who want to make a living writing novels...
...philosophy behind the educational program also seems threatened. Lukas acknowledges that "everything is going to shrink," but he insists that "we are unwilling to harm the baste philosophy of each program, we want to keep that, at least, in-fact" But whether they can maintain that is unclear...
Even so, a number of economists do not dismiss out of hand the possibility of a depression. Those who use the term define it, quite imprecisely, as a prolonged period, perhaps two or three years, during which output and incomes shrink and business bankruptcies and unemployment rise to heights not seen since before World War II. Says Alan Greenspan, who was chief economic adviser to President Gerald Ford: "This scenario still has a low probability, but it should no longer be put into the bizarre or kooky category...
...system developed by the Russian director Konstantin Stanislavsky. Through the use of physical and emotional exercises, Strasberg taught his pupils to forgo external acting tricks and "internalize" roles, drawing on reservoirs of their own experience and feeling. Strasberg's disciples called him "Rabbi," "Pope" and "the ultimate shrink," and swore by him. His detractors, who accused him of starting "the torn T shirt school of acting," swore at him. Said Producer David Merrick: "You can always tell Lee's students-they're the ones you can't hear beyond the third row." Artistic director...
...joining forces now to warn of the dangers of the deficits. Walter Heller, a Democrat who was chief economic adviser to both John Kennedy and Lyndon Johnson, argues that the Administration's deficit spree might induce such tight money that it would abort any recovery. Heller wants to shrink the deficit mainly by raising taxes in 1983, a step that could batter the economy even lower. Some conservative economists predict that the result of the red ink will be higher interest rates. Says Burton Malkiel, an adviser to Gerald Ford and now dean of the Yale School of Organization...