Word: wonderland
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...WONDERLAND by Joyce Carol Oates. 512 pages. Vanguard...
...many older people are strangely attracted to children's literature in spite of (or for) the fact that it does not often perform cerebral and verbal scrobatics. The Annotated Alice (in Wonderland) is an admittedly fascinating example of the adult urge to examine and the understand fantasy. But does such squinting really bring anyone closer to seeing what Lewis Carroll was up to? Or did he expect us simply to accept the imaginative irrationality of his books...
...Alice-in-Wonderland dispute. What would be the difference between a currency realignment accomplished by 1) foreign revaluations alone or 2) U.S. devaluation combined with inevitable foreign revaluations? "Economically, it doesn't matter two hoots," says Yale's Robert Triffin. Either way, the end result would be the same: the dollar would buy fewer yen, marks, guilders and other strong currencies. Theoretically, it is true, U.S. devaluation would also make the dollar worth less in terms of Brazilian cruzeiros, Chilean escudos, Indonesian rupiahs and 100-odd other weak or minor currencies. Most of the weak-currency nations, however...
According to the American notion of progress, a pay raise every year is synonymous with Getting Ahead. But is it really? More and more Americans are finding that like the dreaming Miss Alice in Wonderland, they must run faster and faster just to keep even. An annual pay raise is seldom enough to keep pace with the inflation of living costs and taxes. The tables below, prepared by TIME last week with the help of the Tax Foundation Inc., a nonprofit clearinghouse for tax information, show where a family of four with standard income tax deductions now stands in relation...
Hjellming admits that such strange funnels between universes sound about as real as the rabbit hole through which Alice tumbled into Wonderland. But, he adds, some evidence may already be at hand that white holes do exist. One of the great puzzles of contemporary astrophysics is the huge amount of energy -cosmic rays, X rays, infrared radiation -that is apparently coming from distant quasars and from the centers of galaxies, including the earth's own Milky Way; the output seems to be greater than can be accounted for by known physical processes, including the conversion of matter into energy...