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...Jersey Governor Thomas Kean won office last year partly on a promise to cut taxes. He may not be able to deliver. State legislators are already predicting a $50 million shortfall in this year's taut $6.2 billion budget; some think the deficit will be much worse. Says State Treasurer Kenneth Biederman: "We are not seeing a recovery in terms of revenues. I do not know of any state that is." Last week Kean said he was considering drastic action. For this staunch backer of Reaganomics, that probably means a tax hike...

Author: /time Magazine | Title: Living Beyond Their Means | 11/8/1982 | See Source »

...unstable countries as Mexico and Poland, bankers quietly fear that the worldwide recession has not yet done its worst. Said Mont McMillen, executive vice president of San Francisco's Bank America Corp.: "We're not out of the woods yet. In this environment you keep your muscles taut and ready for the next disaster...

Author: /time Magazine | Title: Bankers Are Smiling, Warily | 11/1/1982 | See Source »

...inexplicable bouts of incest before being reclaimed by the jungle. When the beautiful and maddeningly virtuous Remedies Buendia is suddenly levitated heavenward while folding bedclothes, her sister-in-law merely grumbles that the sheets, which also rose, are lost forever. Central to all this is a compression of time, taut with comic invention, in which old tales and contemporary terrors are joined. The opening sentence of Solitude is typical: "Many years later, as he faced the firing squad, Colonel Aureliano Buendia was to remember that distant afternoon when his father took him to discover...

Author: /time Magazine | Title: Nobel Prizes: Magic, Matter and Money | 11/1/1982 | See Source »

Even though Xica dons very elaborate costumes, the climax of the movie comes when the character sheds her clothes to perform a ritualistic dance. Her taut body fills the screen as she seduces a foppish Count eagerly watching her--not to mention the audience...

Author: By Rebecca J. Joseph, | Title: Body Language | 10/7/1982 | See Source »

...sometimes he could bring one off with real subtlety the bursting fan of foam over the rocks in White Wave, 1954, is like a Monet haystack made of water, not grass. But the major Averys, like Sea and Sand Dunes, 1955, or Speedboat's Wake, 1959, are thin, taut, nearly as evanescent looking as weather itself. Their pictorial construction is achieved almost entirely through color: the weight of a red, the brooding distension of a purplish sea against a blue headland. Nothing is subordinate in such paintings, and their dialogue between feeling and repression .is like nothing else...

Author: /time Magazine | Title: Art: Milton Avery's Rich Fabric of Color | 9/27/1982 | See Source »

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