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...supply-siders underestimated how difficult it would be to bring down the 12.4% inflation level of 1980. To tame prices and restore the badly shaken confidence of the financial community, the Federal Reserve had to slow the growth of the U.S. money supply. Instead of expanding briskly, the economy dipped into a severe recession that lasted from the summer of 1981 through November 1982. As a result, the deficit exploded...

Author: /time Magazine | Title: That Monster Deficit | 3/5/1984 | See Source »

...recovery defused much of the public criticism aimed at Volcker, who had often been accused of bringing on the recession to tame inflation. He stopped receiving two-by-fours in the mail from homebuilders protesting his policies. In a congressional hearing, Republican Senator John Heinz of Pennsylvania told Volcker that "the only things I can think of that you haven't been blamed for are herpes and giving up the Panama Canal." But the Senator added, "We're lucky to have you as chairman...

Author: /time Magazine | Title: Cheers for a Banner Year | 1/2/1984 | See Source »

Those who found The Day After too tame should watch the films about the Hiroshima and Nagasaki survivors. There were no special effects in those shows...

Author: /time Magazine | Title: Letters: Dec. 26, 1983 | 12/26/1983 | See Source »

...consistently tries to come closer to the wolves' style of life, as his attempt to approximate their diet (mice) and territory-marking habits illustrate. These two comical and slightly disgusting episodes grow out of the film's deeply serious message, that it is not for us to quantify and tame nature, but simply to live in it and marvel...

Author: By Jean-christophe Castelli, | Title: Not for Cuddling | 11/3/1983 | See Source »

...JOHN GLENN in Philip Kaufman's production of Tom Wolfe's. The Right Stuff says "by golly" a lot, as in, "by golly, my kids are behind me 100 percent." Even after the Russians move ahead in the space race. Glenn still favors rather tame condemnations, as in, "darned Russians." Fellow astronaut Gus Grissom, not given to such restraint in speech, turns to Glenn and adds, "Fucking A," Glenn then pauses, and so does the movie, awaiting a response that will characterize not only The Right Stuffs John Glenn but also The Right Stuff itself. His earlier moralistic preaching forgotten...

Author: By Richard J. Appel, | Title: High Flying Heros | 10/29/1983 | See Source »

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