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...farm bill is only one, though the most egregious example of spending bills that threaten to swell the federal deficit next fiscal year beyond the already frightening $60 billion that Carter had budgeted. Connecticut Democrat Robert Giaimo, head of the House Budget Committee, figures that it could rise as high as $70 billion. Consequently, the memorandum presented to Carter urges him to pledge publicly that he will hold the deficit to $60 billion and at least implicitly threaten to veto big-spending bills. Says one high economic adviser: "If we go above $60 billion, the stock market will be affected...

Author: /time Magazine | Title: Business: Splitting on Anti-Inflation Policy | 4/3/1978 | See Source »

...billion for labor-packinghouse workers, store clerks, waiters, et al.-to get those products from the farm to the table at home or in restaurants. Operating expenses for food retailers have been rising particularly fast. One major chain, Supermarkets General (Pathmark), expects labor, energy and tax outlays to swell about 10% each. Yet supermarket managers complain that competition is so keen they cannot raise prices fast enough to ease the pinch on profit margins...

Author: /time Magazine | Title: Business: Why Food Prices Are Climbing | 3/20/1978 | See Source »

...will not swell the rout/ Of lads that wore their honours out,/ Runners whom renown outran/ And the name died before the man." Al most as powerful as the drama of athletes aging is that of the golden boy destroyed in his youth...

Author: /time Magazine | Title: Time Essay: To an Athlete Getting Old | 2/27/1978 | See Source »

This is a fair example of the author's wafting prose style. Phrases like "an awesome move toward humanness" and such gauzy generalizations as Communists "were like everybody else, only more so" swell throughout her pages. Yet the book does have a vital core. Gornick, an essayist for New York's Village Voice, stages her psychopolitical Liebestod with a living chorus of former Communist activists whom she interviewed in various parts...

Author: /time Magazine | Title: Books: The Life of the Party | 2/6/1978 | See Source »

Their efforts should produce, in effect, a stop-action picture of the rapidly changing features of the great land swell. From this picture, they hope to obtain a more definitive view of the strange events around Palmdale. That knowledge, in turn, could eventually enable them to predict if-and possibly when and where -an earthquake will strike. "'Uplifts have been observed before several major earthquakes," notes Seismologist Peter Ward, chief of earthquake mechanics and predictions for the U.S.G.S. Among these quakes is California's last large temblor, the one that shook the San Fernando Valley in 1971, taking...

Author: /time Magazine | Title: Science: Exploring an Ominous Bulge | 1/16/1978 | See Source »

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