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HAMPERED BY such internal Reaganomics is worse than useless in stimulating investment, its wanted goal. And in the absence of such an investment boom, nothing at all is likely to trickle down to workers in the form of more jobs and in come. But the problem--how to increase productive investment in the U.S. economy--is still with us and is indeed the main economic issue facing America in 1980s. Given the evident failure of Reaganomics, Lekachman argues, the democratic left must address this issue creatively and realistically...

Author: By Chuck Lane, | Title: Dismantling Reaganomics | 4/20/1982 | See Source »

...supply in, and it's also impossible to control the enormous supply available in Eurodollar markets. In any case, the Administration's Thatcherian approach to Federal Reserve Policy flies in the face of its expansionary tax cuts. Tight money keeps interest rates high, thwarting the heralded supply-side investment boom and eroding investor confidence. Meanwhile, the jittery rich--hardly the bold innovators of George Gilder's mythology--put their tax cuts into diamonds or Swiss banks...

Author: By Chuck Lane, | Title: Dismantling Reaganomics | 4/20/1982 | See Source »

...rhythm of the Flamenco. Something like "Da-da-da-da-da... BOOM' Da-da-da-da... BOOM!" "Get set, wind-up, pitch... BOOM' Get set, wind-up, pitch... BOOM...

Author: By Michael Bass, | Title: Going, Going... | 4/19/1982 | See Source »

...wrecking ball was brought in. To attack those sturdy pillars, it was fitted out with protruding steel blades. It succeeded in knocking down two walls but lost its blades and snapped a cable in the process. At one point, falling debris pushed the ball into the crane boom and banged up the cab. The Mobile Press headline: HERO HOUSE CAPITULATES TO STEEL BALL. But not without a fight...

Author: /time Magazine | Title: Americana: Demolition Derby | 4/19/1982 | See Source »

...crescent-shaped pastries to commemorate the barricaded city's successful stand against a besieging army of Ottoman Turks. The shape of the pastries was derived from the crescent emblem on the Turkish flag, which the Viennese citizens, in effect, symbolically devoured by driving off the Turks. The U.S. boom was started when Vie de France and other stores began making sandwiches with croissants. Says Michel Rebeilleau, manager of Au Croissant Chaud in Washington: "Ten years ago was ze time for ze crepe. Now it is ze time for ze croissant...

Author: /time Magazine | Title: Acquired Taste | 4/12/1982 | See Source »

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