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...rumors and leaks that have abounded in Washington over the past week predict Reagan will ask for cuts of 50 per cent, on the average, to all college financial aid programs--grants, guaranteed student loans, and work-study--over and above the steep decreases already approved in October, John W. Peltason, president of the American Council on Education, said yesterday...

Author: By Amy E. Schwartz, | Title: Reagan Cracks Down | 2/6/1982 | See Source »

Figures released last week gave no sign of an early end to the business slump that is now seven months old. The Commerce Department reported that the gross national product fell at a steep 5.2% annual rate during the last three months of 1981, the biggest drop since the 9.9% decline during the second quarter of 1980. In the construction industry, one of the hardest-hit sectors of the economy, housing starts last year were at an annual rate of only 1.1 million, the lowest in 35 years. Early signs for 1982 are not much more encouraging. Treasury Secretary Donald...

Author: /time Magazine | Title: Labor's Tough New World | 2/1/1982 | See Source »

Confusion was indeed Wall Street's theme as the bellwether first trading sessions of 1982 unfolded last week. Like an anxious mountain climber midway up a steep cliff, the stock market cautiously tried a slight advance last Monday. But then vertigo took over. On Tuesday, brokers' telephones lit up with customer sell orders that drove the Dow Jones industrial index down 17 points, the market's worst one-day slide in four months...

Author: /time Magazine | Title: Worried Waiting on Wall Street | 1/18/1982 | See Source »

...tarmac, bulky luggage. And lots of dogs. There was Prince Charles' retriever Harvey, who couldn't wait to get off the plane. He bounded down the gangway, dragging Charles behind like a tin can. Then there was Anne's retriever. He took one look at the steep gangway and cowered in the plane's doorway. While a shirt-sleeved steward grabbed the dog, Princess Anne, with a stiff upper lip and fairly rigid upper arm, pulled on the dog's lead. The retriever lost. And Diana? Well, she just got a new cassette recorder...

Author: /time Magazine | Title: People: Jan. 11, 1982 | 1/11/1982 | See Source »

...millions of American workers, 1982 will be a year of anxious waiting. With unemployment reaching toward 9%, and perhaps higher, and an economy starting the year in a steep decline, employees will be worrying about job security and the prospect of very modest pay increases...

Author: /time Magazine | Title: Hard Times Ahead for Labor | 1/4/1982 | See Source »

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