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...Federal Reserve finally relented last summer and allowed money to expand faster. The prime, which stood at 16½% at the time, tumbled to 10½% earlier this year and has remained there while the economic recovery has picked up steam. Some experts argue that Volcker had no choice but to let up; others give him high marks for good sense and good timing. Says Irwin Kellner, chief economist for Manufacturers Hanover Trust: "He squeezed the daylights out of the economy until it really hurt, but he was wise enough to know when...

Author: /time Magazine | Title: He Promised, and He Delivered | 6/20/1983 | See Source »

...Weather published twice last fall before it ran out of steam--and funds. "We had good writers, but it was a problem getting advertising money," says editor Peter J. Howe '86. The paper's features included articles on freshmen who commute to Harvard, a freshman Spactacus Youth League leader, and a poll...

Author: By Merin G. Wexler, | Title: Using Some Poetic Licence | 6/9/1983 | See Source »

While workers were replacing steam line tunnels, the ground beneath a tractor collapsed, and the tractor's arm slipped and tell into the tunnel, rupturing the Cambridge Water Supply pipe, said Thomas Taverna, supervisor of the construction...

Author: By Judith E. Bernstein, | Title: Water Pipe Severed, Claverly, Adams Dry for Five Hours | 5/10/1983 | See Source »

...volts lasted 30 seconds. Smoke and steam rose from his head. A fiery arc shot from beneath the mask that covered his face. Smoke poured from the electrode on his left leg. Through the rain outside came the mournful notes of taps being played on a trumpet by a prisoner in his cell...

Author: /time Magazine | Title: Final Judgment | 5/2/1983 | See Source »

...politics at Harvard and in America 1983. Entering law to change the system from within? Voting between the less blatant of two evils? Writing letters to the editor? Running for public office perhaps. These alternatives offer more in the way of frustration, impotence, an easy way to blow off steam and a choice between destroying one's integrity or one's sanity (respectively), than any hope of salvation. The world continues to get worse, not better, and aside from a Messiah or Luke Skywalker it's difficult to see who can do much of anything...

Author: NO WRITER ATTRIBUTED | Title: Student Fast | 4/22/1983 | See Source »

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