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...Congress gave the new President what he most wanted, a 25% tax cut over three years and a $35 billion cut in the budget. At a time when many economists were arguing that America would just have to learn to live with 10% inflation annually, Reagan reappointed inflation fighter Paul Volcker as chairman of the Federal Reserve and supported his war on inflation despite withering attacks and considerable domestic pain. The economy swooned into a recession: by the following year, the GNP was shrinking at a rate of 1.9%. Unemployment reached 10.8%, the highest since the Depression, and the poverty...

Author: /time Magazine | Title: The All-American President: Ronald Wilson Reagan (1911-2004) | 6/14/2004 | See Source »

...face 1 million men by July--not just Yanks and Brits but Canadian, French, Polish and Dutch troops swarming across the Channel from southern England, which had turned into a vast base163 new airfields, 2 million tons of supplies, 1,500 tanks, 5,000 boats. The Luftwaffe's 183 fighter planes that day faced 11,000 Allied aircraft...

Author: /time Magazine | Title: D-Day: 60Th Anniversary: The Greatest Day | 5/31/2004 | See Source »

...George, there it was, all laid out with ribbons leading from our base to a point on the English coast. From there, the ribbons led to the French coast, then along the coast to the drop zone described as Utah Beach. Someone asked if we could expect much fighter opposition over the target. The colonel answered that one very simply by saying, "There will be approximately 3,500 Allied fighters over the beach this morning." That brought a big sigh of relief from the group...

Author: /time Magazine | Title: D-Day: What They Saw When They Landed | 5/31/2004 | See Source »

...troops push into the center of Najaf later on Friday, a group of militiamen starts to dance in a circle, chanting with growing intensity. Later, a proud fighter reports to his comrades, "We destroyed two tanks." Though the U.S. military has reported no casualties in the area, the insurgents spread their version of reality. The Americans sacrificed dozens of men to recover the hulks, the fighter claims, and explains to journalists why nothing remains from the site of the battle: "They brought along a huge machine that sucked up all the parts, so there is nothing left...

Author: /time Magazine | Title: Letter From Iraq: Heeding the Call Of The Cleric | 5/31/2004 | See Source »

Outside, toward evening, the fighting has stopped, and the gunmen gather to swap war stories. One slightly injured fighter stands in the back alley that leads to al-Sadr's Najaf headquarters. "A mortar round burst right by us, but no one was seriously injured, thanks be to God," he says. As he speaks, a crowd carrying a coffin draped in an Iraqi flag marches past the shrine. The first "martyr" of the day is being buried...

Author: /time Magazine | Title: Letter From Iraq: Heeding the Call Of The Cleric | 5/31/2004 | See Source »

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