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...budget does almost nothing to reduce it. In October 1990, Bush traded away his "no new taxes" pledge and 20 points in opinion polls for a deficit-cutting budget deal with the Democrats, a sound attempt to lower short-term interest rates, stimulate savings and investment and boost Americans' stagnant standard of living. Less than two years later, Bush is abandoning that pact, convinced that re-election is more important than deficits. The budget he presented last week envisions a deficit of $352 billion for the next fiscal year, followed by shortfalls in the $200 billion range...

Author: /time Magazine | Title: State of the Union | 2/10/1992 | See Source »

...automobile industry, "voluntary" quotas on the import of foreign vehicles have protected U.S. auto manufacturers from competition, costing consumers tens of billions of dollars and allowing the fossilization of an already stagnant industry to continue...

Author: By Liam T. A. ford, | Title: Harvard 'Caring' Destroys Personal Worth | 1/22/1992 | See Source »

...first glance the poblaciones or shantytowns of Penalolen appear to be a desolate, stagnant world far from the bustling, metropolitan center. Small houses, shacks and lean-tos of cardboard and corregated tin crowd together along unpaved streets that turn to impassable floods of mud in the winter. Delinquents hang out on the highway edging the shantytowns, passing a joint and listening to salsa on a battered radio, casting hostile glances at passers...

Author: By Michelle Haner, | Title: Struggle and Subsistence | 12/12/1991 | See Source »

...move was an effort to reap hard currency and is part of Russian President Boris Yeltsin's goal to transform the republic's stagnant, centrally controlled economy to a free-market system...

Author: By The ASSOCIATED Press, | Title: Russia Open To Oil Bids | 11/14/1991 | See Source »

Through a mixture of sweat equity and private financing, the women of Four Corners are replacing old wood with fresh clapboards, drying up stagnant pools and sealing busted pipes. The homes are livable again, and the community has found a new pride and hope for a better future. "It is a hard job, but together we can do a lot," says Roberson in a soft, raspy voice. "What gives us so much courage and strength is that we have so many people standing behind us helping us build our community...

Author: /time Magazine | Title: Four Corners, Louisiana Raise High The Roof Beam | 11/11/1991 | See Source »

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