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What the first-quarter results make clearer is that the economy can grow more than 3% while holding real inflation below 2%. The same can be said about unemployment. The latest unemployment figures came in at 5.4%; that's well below the 6% unemployment figure that is supposed to trigger inflation through demands for higher wages, according to the standard view. This view fails to take into account the forces of global competition. American workers no longer compete for jobs only with one another, but with workers worldwide, and that tends to dampen wage demands at home. Wage inflation...

Author: /time Magazine | Title: FEAR OF INFLATION IS STIFLING THE NATION | 5/20/1996 | See Source »

Whatever connection the column might have drawn, it was Pecker who pulled the trigger on the story. "Premiere is a fan magazine of Hollywood," he says. "Our readers are not interested in investigative journalism." Presumably they prefer pictures of cosmetics-company executives...

Author: /time Magazine | Title: Bizwatch, May 20, 1996 | 5/20/1996 | See Source »

...chest pains. Study participants said it didn't do anything for their heart muscle but did seem to add extra zip to their sex life. Pfizer researchers quickly undertook a crash course in something they had never addressed scientifically: the process by which certain enzymes in the body help trigger or turn off an erection. As they plowed through the existing research on impotence, they realized that in sildenafil they had a potential blockbuster on their hands...

Author: /time Magazine | Title: A PILL TO TREAT IMPOTENCE? | 5/20/1996 | See Source »

...next afternoon, Blanchard went into his suburban Virginia backyard, put the muzzle of his grandfather's Smith & Wesson revolver to his head and pulled the trigger. Nothing happened. The gun had misfired. He could have taken that as a sign he was meant to live. But Blanchard pulled the trigger a second time. The gun went off. He left no suicide note. A Navy psychological autopsy concluded that "his style seemed consistent with someone whose duty it was to shoulder the burden and assume responsibility," even as that style clouded his ability to keep his situation in perspective. "The emotional...

Author: /time Magazine | Title: A POLITICAL SUICIDE | 5/13/1996 | See Source »

...other men indicted was the local police chief, and "there's no way I could have commanded him." It wasn't me, he says: "Anyone could use my name, some Serb envious of me." I wasn't there, he says: on May 6 when he allegedly pulled the trigger on the detainees, "I think I was attending a funeral in Montenegro for one of my poor dead 18-year-old soldiers." The enemy committed war crimes, not us, he says, slamming down fuzzy, undated photos that he claims show Serb men decapitated by Muslims and Serb bodies mutilated...

Author: /time Magazine | Title: FACE TO FACE WITH EVIL | 5/13/1996 | See Source »

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