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...chief economist of the First National Bank of Boston. The vacuum left by the demise of the old mills was gradually filled by such sophisticated service industries as health care, finance and consulting. Tourism plays a part, as do insurance, education, construction and a massive increase in drudging service-sector jobs. But to envious observers in less prosperous states, the magic secret of Massachusetts' success is summed up in one phrase: high tech...

Author: /time Magazine | Title: Massachusetts Economy: Getting Back in the Chips | 11/29/1982 | See Source »

Although the exhibition is devoted to business, it does not neglect the public sector. A "Great Talking Face of Government" becomes so frenzied while calling for ever more regulation that the display blows out its circuits and stops. Explains a puppet to observers: "It's overworked...

Author: /time Magazine | Title: Entertaining Enterprise | 11/22/1982 | See Source »

...legacy: all of the Soviet Union's gigantic military might has not proved sufficient to convince its leaders that they can depend on enjoying either domestic tranquillity or genuine security along the country's borders, even those it shares with Communist neighbors. On the contrary, insofar as the military sector has drained off resources from the civilian economy, the U.S.S.R.'s war machine has weakened the country. According to some reports, a number of party officials and theoreticians have even begun asking whether, as a result, their country ought to shift its concept of strength and security from a narrow...

Author: /time Magazine | Title: The Soviets: Changing the Guard | 11/22/1982 | See Source »

...group in East Beirut, while the fledgling Lebanese army had taken over the security of Muslim West Beirut. But Gemayel was anxious to exert the authority of the central government over East as well as West Beirut. And so, at midweek, he sent the Lebanese army into the eastern sector of the city along with elements of the multinational force...

Author: /time Magazine | Title: Middle East: A More Visible Presense | 11/15/1982 | See Source »

Trudeau has responded to Canada's economic crisis with a program of public-sector wage restraints, holding pay hikes to 6% in 1983 and 5% in 1984. But the glaring problem, says Laurent Thibault, vice president of the Canadian Manufacturers' Association, is that "the government is so overburdened by debt that it can't afford to stimulate the country. Business isn't going to do it. That leaves exports...

Author: /time Magazine | Title: Canada: Facing a Winter of Discontent | 11/8/1982 | See Source »

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