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...reason that economists can differ sharply over whether the U.S. is in a "recession" is that there is no simple, numerical definition of the term. Herbert Stein, chairman of the Council of Economic Advisers, offers a qualitative description: "An extended, substantial and widespread decline in aggregate economic activity, but one less severe than earlier 'depressions.' " The job of determining just which downturns belong in that category has fallen to the National Bureau of Economic Research, whose word on the subject is practically law in the profession...

Author: /time Magazine | Title: Business: What Is a Recession? | 3/4/1974 | See Source »

...truism of the Lost Generation that she influenced Hemingway's style crucially. He took her schematic use of sound patterns and transmogrified it into the spare, stylized prose that became the most pervasive literary parlance of the century. For all her celebrity as a writer, Stein's fame lies as much in her life as her work. She kept the long-running artistic crap game going for nearly 50 years in her Paris salon. Though time has adjusted some of Gertrude's accounts, reputations really were made and broken at 27, rue de Fleurus...

Author: /time Magazine | Title: Books: Steinways | 3/4/1974 | See Source »

...other hostess there was her lover of 40 years, Alice B. Toklas. Toklas was the wife in this enduring homosexual partnership. She marketed, cooked, gardened, hired and fired the help (frequently), crocheted, talked with other wives while their husbands were listening to Stein. As Hemingway remarked, Toklas was also the executioner. When Gertrude was bored or insulted by someone, it was Alice who rang up and told the offender not to come round again...

Author: /time Magazine | Title: Books: Steinways | 3/4/1974 | See Source »

...Lenora Stein, Assistant Organist at Harvard, in recital. All-Bach program. Free. Friday, February...

Author: NO WRITER ATTRIBUTED | Title: Classical | 2/21/1974 | See Source »

Bach. Listeners who favor the "purist" approach to Bach will do well to hear Lenora Stein's all-Bach program at Memorial Church. The Fisk organ is well-suited to such an enterprise...

Author: NO WRITER ATTRIBUTED | Title: Classical | 2/21/1974 | See Source »

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