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...pert narrator, 81-year-old Kenneth Toomey, is a bestselling novelist and celebrated homosexual, who relates the semen-drenched odyssey of his life--an odyssey which spans more than 60 years, four continents, two World Wars, numerous gay relationships, friendships with the likes of James Joyce and John Maynard Keynes, and the writing of countless novels, plays and screenplays. He had a Pope for an intimate friend and brother-in-law, a beautiful younger sister turned into a cyclops and a lesbian by a stint in a Manhattan art studio, and a grand-niece (or was she a great niece...

Author: By Siddhartha Mazumdar, | Title: God's in His Heaven | 2/24/1981 | See Source »

Correspondent William Blaylock's introduction to the once unassailable economic theories of John Maynard Keynes took place eleven years ago in a classroom at U.C.L.A. "The professor lectured convincingly that economics was a 'science,' that the Keynesian consensus had finally ensured a stable and inflation-free America," recalls Blaylock, who now regards such pontificating as painfully naive. "Not only has economics soured into a dubious science, but the consensus that characterized economic policymaking in Washington for two decades has crumbled." Within a single day's reporting for this week's cover story, Blaylock heard...

Author: /time Magazine | Title: A Letter From The Publisher: Jan. 19, 1981 | 1/19/1981 | See Source »

...enunciated one of the earliest-and most hotly disputed-laws of economics: supply creates its own demand. John F. Kennedy practiced a form of supply-side economics in the early 1960s with measures like the investment tax credit to stimulate business expansion. No less a Keynesian than John Maynard Keynes himself anticipated the supply-siders' stress on incentives to production by writing: "I believe you have first of all to do something to restore profits and then rely on private enterprise to carry the thing along...

Author: /time Magazine | Title: The Biggest Challenge | 1/19/1981 | See Source »

...Colonel Fairfax, Donald Hovey also stands out. An unusually complex role among Gilbert and Sullivan leading tenors, Fairfax begins as a thoroughly sympathetic character. But by the end of the operetta, he becomes a callous rake, and his marriage to the strolling singer Elsie Maynard leaves two characters heart-broken: Phoebe and Jack Point, the jester who loves Elsie...

Author: By Michael W. Miller, | Title: A G & S Surprise | 12/11/1980 | See Source »

...backing of the Rev. Ralph Abernathy, Martin Luther King Jr.'s onetime righthand man, and the endorsement of the Rev. Hosea Williams, another black civil rights activist of the '60s. But neither Abernathy nor Williams is regarded today as a major leader by blacks. Scoffed Atlanta Mayor Maynard Jackson, a black: "When the Ku Klux Klan, Abernathy and Williams agree on the same candidate for President, that wins first prize for weird coalition of the year...

Author: /time Magazine | Title: Nation: Building to a Climax | 10/27/1980 | See Source »

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