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...office, the Federal Reserve announced that it would seek to halt price increases at their source by curbing the growth of the money supply. Previously the Federal Reserve had eased tight-money policies when interest rates climbed too high, but Volcker vowed to stay firm until inflation had been wrung out of the economy. One result: the prime rate reached an unheard-of 21½% in December...

Author: /time Magazine | Title: He Promised, and He Delivered | 6/20/1983 | See Source »

...time of Furman it was widely recognized that the system was unquestionably stacked against black defendants, especially in the "death belt" of the South. Some of the racism has been wrung out. Yet clear bias remains, much attributable to prosecutorial choices. A recent study of homicide cases in Houston's Harris County is troubling. In cases where a black or Chicano had killed a white, 65% of defendants were tried for capital murder; only 25% of whites who killed a black or Chicano faced the death penalty. "I don't think it's overt racism," says University...

Author: /time Magazine | Title: The Death Penalty: An Eye for an Eye | 1/24/1983 | See Source »

...special occasions. The two fare ladies, Bettoja from Millen, Ga., and Cornetto from Rome, are former models who run a celebrated Roman cooking school called Lo Scaldavivande (the covered dish). Jo married into an old Roman family, Cornetto comes from one, and together they have scoured the regions and wrung the memories of old retainers for recipes that have rarely seen print...

Author: /time Magazine | Title: Books: New Menus for All Seasonings | 11/22/1982 | See Source »

...inflation rate from its frightening peaks of 1979-80. During the 1970s, surges of inflation eventually undermined every economic upswing and led to new slumps, which brought about only temporary slowdowns in price rises. But many economists believe that the length and depth of the present recession have wrung inflation out of the economy more thoroughly than the preceding busts...

Author: /time Magazine | Title: Hope and Worry for Reaganomics | 9/6/1982 | See Source »

Equality does not eradicate differences in gender, it exalts them, which should be some comfort to cowering sexists still clinging to every advantage they have ever wangled or wrung out of women. Equality is only a threat if reality is. In the rubble of busted pedestals and shredded stereotypes are the pieces of a new perception: of the real, working, workable way of equality, of self-awareness, of mutual respect...

Author: /time Magazine | Title: How Long Till Equality? | 7/12/1982 | See Source »

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