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Happy borrowers and disgruntled savers are among the winners and losers of Washington's singular reliance on interest-rate cuts as the main tool of economic policy. With the federal deficit expected to reach $350 billion in 1992, politicians are reluctant to cut taxes or increase spending in a way that would spill even more red ink. That leaves low rates as Washington's preferred prescription for increasing consumer spending and stimulating business growth...

Author: /time Magazine | Title: The Economy Down and Dirty | 11/25/1991 | See Source »

...particularly want to," he says, "but I'm going to have to find something else besides what had been a very secure and comfortable way to save." Such dilemmas seem certain to grow more acute so long as interest rates remain the only instrument in Washington's tool kit for fixing the economy...

Author: /time Magazine | Title: The Economy Down and Dirty | 11/25/1991 | See Source »

Sabrina S. Gee, a second-year student and co-chair of the Asian Student Caucus, said the affirmative action committee could be an effective tool in identifying strong minority candidates...

Author: By Jenna B. Mcneill, | Title: Students Ask Carnesale For a Diverse Faculty | 11/21/1991 | See Source »

...grown almost a hundredfold, to more than 30,000, thanks to a network of supercomputer centers established by the National Science Foundation, the national laboratories and various state governments. In a wide variety of fields from astronomy to theoretical physics, computer simulation has replaced laboratory experimentation as a basic tool of scientific research. It is much easier to study the behavior of ionized gases in a computer simulation, for example, than it is to build a full-scale nuclear- fusion reactor. "We've whetted an awful lot of scientific appetites," says Larry Smarr, director of the National Center for Supercomputing...

Author: /time Magazine | Title: Machines From The Lunatic Fringe | 11/11/1991 | See Source »

...walk." This is true of Marden's paintings, which at first sight seem to consist of nothing but line, moving across the surface in an improvised way full of checks, turnings, erasures -- a maze making itself. The nature of the line is intimately involved with the tool Marden uses, which is in effect the ailanthus twig writ large: a long-handled brush with flitchlike bristles, floppy rather than stiff, whose ramblings convey an air of reflective uncertainty. Not for Marden the forceful calligraphic rush, the electric ink- blackness, of some Zen characters...

Author: /time Magazine | Title: Art: Lines That Go for a Walk | 11/4/1991 | See Source »

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