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...down on a long-term structural basis." He believes that even a relatively modest first-year cut of about $50 billion would be helpful. If the reductions included freezes and a cap on cost of living increases for programs like Social Security, the moves would send "the kind of signal the financial markets really need to get long-term real interest rates down." Lower rates would make the dollar less attractive to foreign investors...

Author: /time Magazine | Title: A Plan to Tame the Dollar | 3/11/1985 | See Source »

...attend the Eucharist in Istanbul alongside Orthodoxy's Ecumenical Patriarch. But despite these gestures of friendship, substantive progress toward Christian unity has nearly come to a halt during John Paul II's reign. Last week a front-page editorial in the Vatican daily, L'Osservatore Romano, seemed to signal that there is no prospect of structural reunion of the churches so long as this Pope's views prevail...

Author: /time Magazine | Title: Religion: Ecumenical Chill | 3/11/1985 | See Source »

...least two years the Public Broadcasting Service has searched for a way to use a hidden portion of its television signal for a moneymaking purpose so that it could compensate for dwindling financial support from the Government. Last week PBS announced a venture that could provide a vital source of income. The broadcasting service plans to join with IBM and Merrill Lynch to send out stock quotations and financial news that customers can view on IBM-compatible personal computers. IBM and Merrill Lynch will pay the start-up costs of the service...

Author: /time Magazine | Title: Communications: PBS Plugs in to Computers | 3/4/1985 | See Source »

...will send the data by satellite to its member stations, which will broadcast the information to consumers on the unused portion of the television signal. Subscribers will be given decoding devices that will convey the data from a TV antenna or cable to the personal computer. The service, to begin by the end of the year, will be available from 8 a.m. to midnight on weekdays and noon to 11 p.m. on weekends. PBS has not yet disclosed how much it will charge. The primary clientele will be financial managers, including Merrill Lynch's broker network. The broadcast signal will...

Author: /time Magazine | Title: Communications: PBS Plugs in to Computers | 3/4/1985 | See Source »

...wake of the recent announcement that Professor of Government Douglas A. Hibbs Jr. will resign over accusations of sexual harassment, it is necessary at this time to put the incident in its proper perspective. First, his resignation should and, indeed, must serve as a clear signal that sex discrimination and sexual harassment is a form of sex discrimination--will not, cannot, and ought not be legated at a University, such as Harvard, which has hopes of truly achieving its goals of co-education. Second, because neither the exact nature of the allegation concerning Hibbs or the extent to which...

Author: By Ann Pellegrini, | Title: The Issue in Perspective | 2/28/1985 | See Source »

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