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...stopped. Even after the economy had taken off in a gigantic postwar boom, it seemed too good to last. Every time the economy turned down-in 1949, 1953, even as late as 1958-there were widespread fears that the drop was no mere recession but the start of a spiral back down into depression. In between, inflation and unemployment rates might be low (unbelievably so by today's standards) but so was the growth rate, at least by comparison with the Soviet Union. Maybe the U.S.S.R. really would "bury" us economically-a Nikita Khrushchev boast that was taken more seriously...

Author: /time Magazine | Title: FORTY YEARS OF NONSENSE | 1/30/1995 | See Source »

Taylor's innovations rest upon the foundations of awe-inspiring piano technique, as arpeggios spiral off effortlessly in opposite directions, while in other passages, glowing chords are teased from the piano with the light touch of a Bill Evans or a John Lewis. This technique creates an ongoing well-spring of creativity which cannot possibly...

Author: By Eric D. Plaks, | Title: Passionate Taylor Grooves | 1/20/1995 | See Source »

Students' suitcases, weighed down by texts and spiral notebooks, may be heavier. But many say they appreciate the extra study time...

Author: By Kevin S. Davis, | Title: Harvard Gets Working Vacation | 12/17/1994 | See Source »

...defense strategy, riling allied countries with their nativism and voters with their disrespect for the Commander in Chief. Then the G.O.P.'s attempts to deliver on the tax cuts and other promises of the "Contract with America" threaten to aggravate the budget deficit, sending stock markets into a downward spiral. In the end, G.O.P. extremists drive their party so far to the right that their new coalition splinters. And the Democrats dream...

Author: /time Magazine | Title: A Wing and a Prayer | 12/5/1994 | See Source »

...three of the Army's 12 divisions were far below their peak readiness levels. That prompted Representative Floyd Spence, the South Carolina Republican in line to be chairman of the Armed Services Committee, to charge that "U.S. military units are caught in the early stages of a downward readiness spiral that shows no prospect of easing in the foreseeable future...

Author: /time Magazine | Title: After the Revolution | 11/28/1994 | See Source »

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