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This is demagogic, defeatist political thinking at its basest. Massachusetts is in the throes of a crisis. Maybe our legislators haven't learned that yet--and that's pathetic. But arbitrarily cutting taxes won't teach them that lesson, either. However, it will widen the state's appalling spending/revenue gap. It will put people out of work. It will put people on the streets. It will deprive people of quality police protection. CLT hurts people...

Author: NO WRITER ATTRIBUTED | Title: Question 3: A Prescription for Disaster | 11/5/1990 | See Source »

...rest of the world when it comes to lending to the poor," says William Burrus, executive director of Accion International, a private development organization in Cambridge, Mass. Accion has loaned $75 million to workers in Central and South America and created 100,000 permanent jobs. When Accion decided to widen its mission to fight poverty in the U.S., it dispatched Delma Soto-Larsen to start a self-employment project in the Williamsburg section of Brooklyn. She has an M.B.A. and has worked for Citibank and Chemical Bank, but her real education began when Accion sent her to Colombia to unlearn...

Author: /time Magazine | Title: Boosting Cottage Capitalism | 11/5/1990 | See Source »

...alone, surgeons annually perform 330,000 coronary bypass operations. An additional 190,000 cardiac patients every year undergo angioplasty, which usually involves the use of a balloon-tipped catheter to widen their arterial passages. Both operations provide immediate, dramatic relief for the cardiac patient. But there are some risks: in rare cases, either technique can trigger a heart attack. Then, too, relief is only temporary. Five years or so after bypass surgery, on average, plaque has built up in the grafted veins. And arteries opened by angioplasty sometimes become partly blocked again within three to six months. Finally, the price...

Author: /time Magazine | Title: Medicine: Beating Back a Ruthless Killer | 10/29/1990 | See Source »

Whatever budget agreement finally emerges from Congress and the White House, it can be counted on to continue the rapid growth in spending for Social Security and other programs for those 65 and older. Which means that it is almost certain to widen the gap between what the government spends on the elderly and what it spends on children...

Author: /time Magazine | Title: The Generation Gap | 10/29/1990 | See Source »

Harvard spokesperson Peter Costa said yesterday that this is the first time in the modern era that the University has resorted to public ads in an effort to fill its top post. Costa said that the nine members of the search committee hope that the notices will widen the pool of potential candidates...

Author: By Joshua Z. Heller, | Title: Help Wanted: Harvard's Top Job | 10/24/1990 | See Source »

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