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...size of this pool and thus the power that the money managers wield have grown prodigiously. In 1950 pension funds held $17 billion. Today they are a $1 trillion treasure trove. By 1995 the total is expected to reach $3 trillion. Through these funds, some 60 million Americans own about 30% of all the equity capital in U.S. corporations. That makes a mockery of Karl Marx's prediction that capitalism would end in revolution as fewer and fewer people owned the means of production...

Author: /time Magazine | Title: The Billion-Dollar Boys | 1/9/1984 | See Source »

...shocks of '73-'74 and '79-'80, both associated with Mideast war, dealt a severe and permanent blow to the World economy. These shocks were a major contributor to three well-known trends of the '70s--inflation, unemployment, and conservation. A loss to the Western economies of over $1 trillion had to be paid by someone, and it wasn't the oil companies...

Author: By Paul W. Green, | Title: Risky Business | 1/6/1984 | See Source »

...particular, Reagan's $1.6 trillion military buildup has shocked the Soviets. To Americans, that reaction might seem sheer hypocrisy. Nothing did more to destroy détente than the Kremlin's insistence throughout the 1970s on piling up weapons far in excess of any legitimate Soviet defensive needs. During the decade the U.S.S.R. put in place thousands of nuclear missiles and expanded its oceangoing war fleet while

Author: /time Magazine | Title: Men of the Year: Ronald Reagan & Yuri Andropov | 1/2/1984 | See Source »

...most of the past decade, the money flowed like oil from the local gushers. All told, nearly $1 trillion poured into the sparsely populated, energy-rich Arab states along the Persian Gulf.* Now that stream has dwindled sharply. This year the region will take in only about $60 billion in oil revenues, down one-third from 1982 and only about one-half the level of two years...

Author: /time Magazine | Title: A Very Special Recession | 11/28/1983 | See Source »

...exploring the nuances of relativity or movements of continents. Now, by redefining the meter in terms of time, the scientists are using the most accurately known base measure. With its incredibly precise atomic clocks, the Bureau of Standards can measure the second to better than one part in 10 trillion. The new standard, to be sure, makes no significant difference for workaday tasks. Still, there is something comforting in the fact that the scientific quest for accuracy is alive and well...

Author: /time Magazine | Title: Science: Measuring Up | 11/28/1983 | See Source »

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