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Most of the forecasters predicted that the budget gap will grow from $148 billion in fiscal 1987 to somewhere between $160 billion and $175 billion next year. With an election year coming up, the chances for major spending cuts or tax increases are slim. Says Swiss Economist Christoph Koellreuter, who heads the Forecasting Institute at the University of Basel: "For political reasons, the U.S. is unlikely to do what it should...

Author: /time Magazine | Title: Confusion - But Hope | 12/21/1987 | See Source »

...Slim and lithe in khaki pants, he moves like a deer over the desert floor -- not surprising since he spent his first 40 years in Rhodesia (now Zimbabwe) as a wildlife biologist and tracker. "I slept on the ground most of my life," he told me. "No tent. Only a tarpaulin in case it rained. One night I woke up with a rhino sniffing my body. I just lay quietly. Another time I found a lion had eaten a whole cow next to me while I lay sleeping." He looks at his students and instructors, then out across...

Author: /time Magazine | Title: In New Mexico: Desert Healer | 12/7/1987 | See Source »

Clemson's newly-built Riggs Field, which can hold a crowd of up to 10,000, is the maximum 75 yards wide. North Carolina, whose home field is a slim 66 yards, could have trouble with the difference in dimensions, giving host Clemson a real home-field advantage...

Author: By Robert E. M. grady, | Title: Clemson, UNC Meet Again | 12/5/1987 | See Source »

...divorced ! since 1978, she lives in one wing of Goldsmith's Tudor-style Paris mansion, originally built for the brother of King Louis XIV. In the other wing of the same estate, across a courtyard bright with impatiens, lives Goldsmith's companion, Laure Boulay de la Meurthe, 36, a slim beauty with waist-length brown hair, and their four-year-old daughter Charlotte. De la Meurthe is the editor of a monthly style section in L'Express, the weekly newsmagazine that Goldsmith controls. There is also Goldsmith's legal wife Lady Annabel, who lives in a Georgian mansion outside London...

Author: /time Magazine | Title: The Lucky Gambler: Sir James Goldsmith Is a Billionaire Buccaneer | 11/23/1987 | See Source »

...most successful economic gambits of the past few years: the sell-off of state-owned assets, known as privatization. Until now, that sell-off has been Europe's most open homage to the free-enterprising ethic of Reaganomics. The theory was that bloated state businesses would slim down after privatization, streamlining operations and improving profits as well as stanching flows of government...

Author: /time Magazine | Title: The Crash: Slump At The Sales Window | 11/9/1987 | See Source »

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