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...President should say to Mr. Volcker, 'Look, we've made good progress with this policy, but now it is threatening to throw the economy into a serious recession, and it is time to loosen things up.' " The President himself last week took an indirect swipe at the Federal Reserve, when he told a California political fund raiser that high interest rates were "hurting us in what we are trying...

Author: /time Magazine | Title: Those Wall Street Blues | 9/7/1981 | See Source »

...President met with 87 state and local officials from the Northeast and took a swipe at the New York financial community for fearing that his proposed tax cuts will spur inflation. Over the past few weeks, skepticism on Wall Street toward the Administration's program has sent bond prices plunging. Said Reagan: "They're sitting there watching anything they think may change the interest rates and bond market. I think that they're looking through a very narrow glass." The President also mentioned that "silent Calvin Coolidge" was one of his favorite Chief Executives because...

Author: /time Magazine | Title: Rested and Back at Work | 6/8/1981 | See Source »

...letter, said to have been handed to Berlinguer by a Soviet embassy official in late December, begins "Dear Comrades" and signs off with "Fraternal Greetings"-but that is the extent of the cordiality. Taking a swipe at the inde pendent Polish unions, the message accuses Berlinguer's party of disloyalty for siding with them. The P.C.I. 's December communique, it noted, did not "support the socialism that actually exists in Poland but shows solidarity with those forces that have unleashed a real and serious offensive against Polish socialism." Sounding a familiar chord, the Soviet party leadership wondered...

Author: /time Magazine | Title: A Big-Brotherly Blast | 3/2/1981 | See Source »

Actually, Has "Washington" Legs? seems more like two plays. Act I, which concerns the planning meeting for the movie organized by the Film Institute of the United States and the Film Institute of the United Kingdom and its hapless representative, Joe Veriato, takes a long satirical swipe at the movie industry, with a representative collection of fools: Mickey Boorman and Pat Sligo, two pot-smoking "New Wave" filmmakers from L.A.; Carl Dorf, a self-exiled victim of McCarthyism; Dan Rashur, the wunderkind director with the Colgate smile; Sy Joelmersbagger, a tweedy history professor from Yale; and Sir Flute Parsons...

Author: By Jonathon B. Propp, | Title: Myths, Movies and Men | 1/28/1981 | See Source »

...time period. But despite the higher taxes, the Carter Administration still opposed significant tax reduction. Said Carter: "I continue to believe that large inflationary individual income tax cuts are neither appropriate nor possible today, however popular they might appear in the short run." That was a not-so-subtle swipe at Reagan's campaign pledge to cut personal taxes 30% over three years...

Author: /time Magazine | Title: Carter's Farewell Budget | 1/26/1981 | See Source »

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