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...More important, the end of the Korean fighting caught Washington with a huge oversupply of military goods. And to make matters worse, peace plans were unready; cutbacks in defense spending led to a recession with a 6% unemployment rate before the economy rebounded. This time, the Pentagon expects to taper off procurement slowly, as it rebuilds its depleted stockpiles, and Government planners are already deciding how tax cuts and civilian-spending increases should be timed to stabilize the economy...

Author: /time Magazine | Title: The Economy: If Peace Comes | 5/3/1968 | See Source »

...rains will taper off this afternoon as the storm moves out to sea, the Weather Bureau said. But run-off from small rivers will keep the Charles rising until it hits its crest sometime Friday night...

Author: By J. MACKENZIE Fallows, | Title: Record Rains Swell Charles; May Cause Flooding by Friday | 3/19/1968 | See Source »

...have been pretty timid about it. The tendency is to cater to the subscribers' varied tastes by dividing a season between classics, proven Broadway hits of recent vintage, and such fashionable avantgardists as lonesco, Beckett, Pinter and the ubiquitous Brecht. More ambitious than most, Los Angeles' Mark Taper Forum is genuinely trying to offer original plays. One such experiment, Oliver Hailey's Who's Happy Now?, opened last week to generally happy notices by local reviewers...

Author: /time Magazine | Title: Repertory: Go West, Young Playwright | 11/17/1967 | See Source »

CENTER THEATER GROUP, Los Angeles, Calif. The Sorrows of Frederick, a new play about Frederick the Great of Prussia by Romulus Linney, will be performed at the Mark Taper Forum until Aug. 6, with Fritz Weaver in the title role. From Aug. 25 until Oct. 8, Duerrenmatt's The Marriage of Mr. Mississippi will be presented...

Author: /time Magazine | Title: Television: Jul. 21, 1967 | 7/21/1967 | See Source »

Both Davidson and Martin are aiming for a theater life for Los Angeles that will compare with or excel Broadway's best. They've got a good start. By last week, the Taper had virtually sold out its first season with more than 30,000 subscriptions...

Author: /time Magazine | Title: The Stage: Three in the West | 4/21/1967 | See Source »

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