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None of the Board members expect the Administration's grim scenario to be played out, however, because they are certain that Congress will appreciably expand the President's budget. Pechman, for one, believes the projected deficit for fiscal 1976 will have climbed by $13 billion or more when Congress is through with the budget. For example, Ford wants to reduce Government spending this year by $17 billion through, among other things, limiting the mandatory increases in federal pay and Social Security and boosting the price of food stamps for the poor. But the swift approval that the House...

Author: /time Magazine | Title: TIME'S BOARD OF ECONOMISTS: Bigger Tax Cuts for Faster Recovery | 2/17/1975 | See Source »

During his three-month stay on the small Aegean island of Kea, George Papadopoulos, former head of the Greek military dictatorship that was toppled last July, became obsessed with a fanciful scenario. "We will be granted amnesty," Papadopoulos would tell the four junta leaders who shared his exile. "We will stand for Parliament. We will be elected. And finally we shall rule again...

Author: /time Magazine | Title: GREECE: Revival and Revenge | 2/3/1975 | See Source »

...quick tax cut would give the recovery more speed. And if inflation rates do turn down, as the economists expect, increased wages by midyear should be pushing incomes up faster than prices for the first time in more than a year. Okun warns, however, that the chances of this scenario's turning out to be too optimistic are greater than its chances of being too pessimistic. "I manage to squeeze out an upturn in the fourth quarter," he says, "but I wouldn't put much probability...

Author: /time Magazine | Title: THE OUTLOOK: A Deeper Slump Before the Upturn | 12/23/1974 | See Source »

...marvelous loon-tenant. He has this sense of uncanny timing, this air of naivete that works particularly well when he tells the strange lady to take off her dress so he can see if she really isn't that boy in disguise or when he casually draws a scenario for Napoleon showing how his horse had actually won the battle of Lodi...

Author: By Gregory F. Lawless, | Title: A Rendezvous With Destiny | 12/14/1974 | See Source »

...music hall/vaudeville traditions of his youth. The song was introduced in a quasi-puritanical manner, in which Davies warned the world against the imminent dangers of demon alcohol, while keyboard man John Gosling tinkled the ivories in such a fashion as to mock good-naturedly the somber scenario Davies tried to conjure up. The song's crapulous ambiance was supported by the sluggish, drawn out tempo of the Dixieland horn section and Davies's possibly unintentional slurring of the lyrics (by that time he had quite a bit to drink). Since the previously established snail's pace of the tune...

Author: By John Porter, | Title: Korruption in Kinkdom | 12/5/1974 | See Source »

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