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...They reject the notion that government can solve social problems by throwing money at them. Instead, their emphasis is on formulating national policies to promote economic growth. The neoliberals are also called high-tech Democrats, for their emphasis on steering the economy away from troubled industries like automobiles and steel to high-technology firms specializing in microchips and computers.* They include Senators Gary Hart of Colorado, Paul Tsongas of Massachusetts, Bill Bradley of New Jersey and Congressmen Panetta and Richard Gephardt of Missouri...

Author: /time Magazine | Title: Basking in Reagan's Troubles | 7/12/1982 | See Source »

...P.L.O. last week put on display parts of one type of the weapon that it claimed had been found in Lebanon. The U.S. had provided the Israelis with two models of the bomb, both of which work on the same principle. The Mark 20 Rockeye scatters eight-inch steel darts and the Cluster Bomb Unit 58 sprays bomblets armed with a charge that explodes on impact (see diagram). Because the bombs indiscriminately blast an area several hundred feet in diameter, they are clearly unsuited for use in civilian neighborhoods...

Author: /time Magazine | Title: Controversial Clusters | 7/12/1982 | See Source »

Taken amid mounting transatlantic trade tensions over steel, agriculture and textiles, Reagan's pipeline decision confirmed suspicions within the Community that Washington, in pursuit of its goals, was riding roughshod over Western Europe's economies. Rightly or wrongly, Western European leaders had been led by Secretary of State Alexander Haig and other officials to believe that the U.S. was willing to soften its opposition to the pipeline in the interest of harmony, and specifically in exchange for a European agreement-feeble though it was-to tighten credit to the Soviet bloc...

Author: /time Magazine | Title: Europe: Trouble in the Pipeline | 7/12/1982 | See Source »

...collar firms. One such program submitted recently to the council by one of the DNA firms was rejected outright by several councilors as inadequate. "We need to control what kind of industries come into the city." says Councilor David Sullivan. "I'm not suggesting that we bring in a steel plant, but we could have a technology manufacturing plant that makes for example, computer chips...

Author: By Steven R. Swartz, | Title: Officials Unsure if New Development Will Aid City's Unemployed Residents | 7/2/1982 | See Source »

...concluded, the takeover would rank as the third largest in U.S. corporate history, surpassed only by last year's $7.5 billion merger of Conoco and E.I. Du Pont de Nemours, and the $6.2 billion acquisition of Marathon Oil by U.S. Steel. The resulting company would instantly become the seventh largest American industrial firm, with sales exceeding $36 billion...

Author: /time Magazine | Title: Upping the Ante | 6/28/1982 | See Source »

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