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...wake of what he wrought, Jarvis left pain as well as tax relief. California officials faced some brutal choices as they scrambled to figure out how to live with budgets now scheduled to shrink significantly with the beginning of the new fiscal year on July 1, when Proposition 13 takes effect (unless one of the five court challenges that have already been made proves successful...

Author: /time Magazine | Title: Sound and Fury over Taxes | 6/19/1978 | See Source »

...course, these three isolated events do not tell the whole story of the past year at Harvard. Libraries were still budy, pre-meds still tuned into the organic joys and tribulations of Chem 20, students still managed to shrink into the monolithic, protective background of mass-production academia. It would be wrong to devise some theory of mass student activism to describe life at Harvard--the changes of the past year were anything but revolutionary. They were, instead, just beginnings, intriguing shifts in direction of momentum, little crevices in the facade of a community grown comfortable with statics. What...

Author: NO WRITER ATTRIBUTED | Title: The year in review: Making up for lost time | 6/8/1978 | See Source »

...result, the glacier's front end could shrink back off the shoal into the deeper water upstream. Its new face, extending to the bottom of the fjord, would then be three or more times the height of the old, and quite unstable. Calving could accelerate five to 50 times its current rate. As much as a cubic mile of ice might be dumped into the bay each year for the next 30 to 50 years, until the glacier retreats to a new and stable foothold...

Author: /time Magazine | Title: Environment: Iceberg Menace in Alaska | 6/5/1978 | See Source »

VERY FEW ROCK ALBUMS being cut these days will ever be worth a buck in a used record store five years from now. They come sealed and shrink-wrapped with all the Hollywood tack your subconscious can handle. They all inevitably get billed as "masterpieces" or "significant works" by their publishers and some suspiciously sympathetic reviewers--the music in the grooves is a mere excuse to sell the package...

Author: By David A. Demilo, | Title: Up From the Streets | 5/15/1978 | See Source »

Cutting the federal budget is an alternative that Washington is not yet vigorously pursuing; right now all the pressures are to add a billion here and there. Nonetheless, there are ideas, of widely varying reasonableness. Some conservatives would shrink foreign aid, welfare, Social Security benefits. Alan Greenspan suggests reducing expenditures for public service employment of the jobless, a most dubious economy. Rudolph Penner, director of tax policy studies of the American Enterprise Institute, a conservative think tank, more sensibly would pare the roughly $68 billion in federal grants-in-aid to state and local governments, many of which...

Author: /time Magazine | Title: Business: Next Round Against Inflation | 4/24/1978 | See Source »

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