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Installment credit, which was rising at the rate of more than $3 billion a month in 1979, had slowed to a scant $146 million a month through October 1980. Credit cards are going into the drawer or into the wastebasket; more Christmas shoppers this year paid with cash than with plastic. Purchases that cannot be paid for immediately are often postponed. Last week when the washing machine wouldn't work, Cookie Sullivan, 35, a Winchester, Va., secretary headed for the Laundromat. Says she: "I'll be damned if my husband and I can afford a new machine with...

Author: /time Magazine | Title: An American Nightmare | 1/19/1981 | See Source »

Michael's young daughter knocks cautiously on the door. She has come to empty her father's wastebasket; it is a break from school, which she attends downstairs along with 29 other born-again children. Red tie, blue tunic, white shirt. Michael watches her leave and talks about the government's efforts to condemn the Christian dayschool movement on charges of unqualified teachers and unfit teaching facilties. He mentions the 214 fire alarms Medford Public School endured over a one-year period. Earlier, it was eight years; by the end of the conversation, it has become eight months...

Author: By Nancy F. Bauer, | Title: The Vocal Minority: Saving the Government | 11/3/1980 | See Source »

...steps away from the nuclear precipice. Now, for the first time, we are being advised to take steps that may move us toward it." The next day, he explained by sardonically describing Reagan's arms-control policy: "First, throw the existing nuclear-arms limitation treaty [SALT ] in the wastebasket. Second, threaten the Soviet Union with a nuclear-arms race. Third, launch a quest for so-called nuclear superiority." Though it was Carter who requested that the Senate delay consideration of SALT II after the Soviets invaded Afghanistan, he now describes the pact as his "secret weapon" to reduce...

Author: /time Magazine | Title: Battling Down the Stretch | 11/3/1980 | See Source »

...copies of speeches spelling out his commitment to NATO's plans to install 572 intermediate-range missiles in Europe by 1983, Carter replied that he had never seen the documents. Said Schmidt: "It's not my fault if someone in the White House throws them into the wastebasket." At the end of the confrontation, the Germans at least appeared to be mollified by Secretary of State Edmund Muskie's comment on the episode: "Let's forget...

Author: /time Magazine | Title: Nation: Seven Allies In One Gondola | 7/7/1980 | See Source »

...time when I never heard from the Government. Now you get a 19-page questionnaire-same farm, but every year you're expected to answer how many acres are in crops, how many acres are in timberland or pasture. I just threw the damn thing in the wastebasket the last few years and I haven't gotten any follow-up at all. They've stopped sending the forms...

Author: /time Magazine | Title: Nation: An Interview with Reagan | 6/30/1980 | See Source »

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