bitmap@ucbtopaz.CC.Berkeley.ARPA (05/01/84)
<....> Newsweek magazine, Apr. 30, reports: "...And in a clear vindication of Ronald Reagan's business tax cuts, capital equipment spending rose by 22 percent last year, nearly triple the pace of an ordinary recovery." Earlier, I think, someone claimed that all the tax cuts did was lead to businesses spending money on takeovers rather than capital equipment. Sam Hall, UCB decvax!ucbvax!ucbtopaz!bitmap
pollack@uicsl.UUCP (05/07/84)
#R:ucbtopaz:-46600:uicsl:16300063:000:962 uicsl!pollack May 6 16:40:00 1984 Whoopee! A vindication! In the month of April (this year), orders for durable goods rose 0.2%, ( * 12 = 6%) and only because a 46% rise in military orders offset the drop in orders of steel, tools, etc. (from NYT around May 3) I guess a magazine can focus on whatever it wants to, and in this case, apparently, Newsweek focused on last year to avoid discussing the implications of last month's figures. I stopped reading Newsweek when the reporter who wrote an article called "Nicaragua: The Betrayed Revolution" quit in protest over the editing of her story from a collection of interviews (both positive and negative) into a propaganda piece claiming several "before-after" interviews of the same people, which amounted to a fictional, but powerful, indictment of the Nicaraguan Government. I even worked for Newsweek, once. Now it seems to be riddled with spooks. Of course, maybe it has always been. Jordan Pollack ...pur-ee!uiucdcs!uicsl!pollack