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...about the concessions to corporations, wealthy individuals and others that the Administration made in order to assemble a politically feasible package. The suggested cut in the rate at which capital gains are taxed and other similar moves, the economists feared, would turn the bill into a revenue loser and worsen the federal deficit. Said Alice Rivlin, former director of the Congressional Budget Office who is now at the Brookings Institution: "My big worry is not only that the President's proposal will be a revenue loser, but that as you move through Congress, the temptation will be to give...

Author: /time Magazine | Title: Two Cheers for Reagan's Plan | 6/3/1985 | See Source »

...emphasis given to the military, which absorbs an estimated 14% of the economy's total output, has long meant sacrifice for the Soviet people, and that sacrifice may worsen. In the past year Moscow has been able to generate enough export earnings to pay for most of its imports. Since 1983, however, world prices of such key Soviet natural resources as oil and gold have been falling dramatically. Moreover, Soviet oil production declined by .5% last year, the first drop since World War II. Even though supplies of natural gas are plentiful, export figures have lagged well below Soviet expectations...

Author: /time Magazine | Title: Taking on the Bureaucracy | 3/25/1985 | See Source »

...proved to be either effective or efficient as the forum in which to seek redress for alleged wrongs." First Amendment Attorney Floyd Abrams, whose clients have included the New York Times, agreed: "General Westmoreland is clearly the loser . . . The immense risk in seeking vindication is that you will actually worsen your own reputation." But Editor Gene Roberts of the Philadelphia Inquirer contended, "Westmoreland proved that you can cost a major TV network millions of dollars and tie up its management and journalists for months in litigation. The settlement won't diminish these cases, it will increase them...

Author: /time Magazine | Title: Press: It Was the Best I Could Get | 3/4/1985 | See Source »

Without continued hope and activism in South Korea, Kim said that the current political situation will worsen and that by 1988 all that would remain is a "highly polarized political system" with an "extreme left and extreme right party. Democracy and security are inseperable...

Author: NO WRITER ATTRIBUTED | Title: Kim Dae Jung Bids Farewell | 1/23/1985 | See Source »

...supporters, chief among them Ronald Reagan, the notion of a space- based missile defense system holds out the promise of eventually ending the awesome threat posed by the world's nuclear arsenals. To its critics, the idea could worsen the threat by ending any real hope for lasting arms-control agreements and by aborting the work of Soviet and American negotiators meeting in Geneva this week. But to many scientists who are responsible for the technology of the concept rather than its policy implications, Reagan's Strategic Defense Initiative, commonly known as Star Wars, is still little more than, well...

Author: /time Magazine | Title: Shooting for the Stars | 1/14/1985 | See Source »

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