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3) To ask Congress to enact huge standby tax increases to go into effect in 1986 if, and only if, deficits by then still seemed likely to exceed $100 billion a year or so. Current thinking is to propose new taxes calculated to take in approximately $100 billion over a...

Author: /time Magazine | Title: Down with the Deficits | 1/24/1983 | See Source »

Charlie Brooks walked into the execution chamber, stretched out on the hospital gurney, and a catheter needle was inserted into a vein in each of his arms. Into the left (on which Brooks had a tattoo reading I WAS BORN TO DIE) would come the drugs; the right catheter was...

Author: /time Magazine | Title: Death-Dealing Syringes | 12/20/1982 | See Source »

The planes were returned to standby. The Americans, presumably, were back in prison. Again I began to fear that the hostages would not be freed. The chance of their release on Monday had now passed; we would have only one more chance before I left office.

Author: /time Magazine | Title: The Final Day | 10/18/1982 | See Source »

Nor are other forms of self-exoneration to be confused with it, though they be equally impressive. The "psychological mishap" is quite popular; when David Begelman, the former head of Columbia Pictures, was asked why he stole $60,000 from his company, he cited "neurotic displays of self-destructiveness." Political...

Author: /time Magazine | Title: Essay: The Staff Ate My Homework | 3/8/1982 | See Source »

In an effort to keep the Canadian dollar from slumping further, the Bank of Canada two weeks ago boosted its official bank lending rate to 21.24%, the highest such interest rate of any central bank in a major industrial country. Last week Finance Minister Allan MacEachen disclosed that the government...

Author: /time Magazine | Title: Canada's Barrel of Troubles | 8/24/1981 | See Source »

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