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...throwing the U.S. for a loop in a number of ways. Japan, the world's largest creditor country, where consumers save 17% of their earnings (vs. 4% in the U.S.), has the mightiest bankroll of all to engage in buying America. Bereft of enough investment opportunities at home to absorb their astonishing pile of savings, the Japanese are hungrily looking abroad for places to park the excess cash. Japan's direct investments in U.S. real estate and corporations reached $23.4 billion at the end of 1986, a jump of about 18% from the previous year. Predicts Amir Mahini, director...

Author: /time Magazine | Title: For Sale: America | 9/14/1987 | See Source »

...Conservation officers are planting dense patches of cordgrass just offshore in an effort to buffer the bay's clay banks from the relentlessly lapping waters. To protect the transplants until they take hold, conservationists have jury-rigged a protective barrier of old Air Force parachutes in the water to absorb and attenuate the force of the waves. Harry Cook, a Texas shrimper, is considering wire mesh and old tires to keep the bay waters from chewing away any more of his bluffs, which he is losing at the rate of 10 ft. yearly. On Long Island, beach residents shore...

Author: /time Magazine | Title: Environment: Shrinking Shores | 8/10/1987 | See Source »

...variant on the seawall that can also hasten erosion is riprap -- rocks and boulders piled into makeshift barriers to absorb the force of incoming waves. While seawalls and riprap run parallel to the beach, groin fields extend directly out into the water. Made up of short piers of stone extending from the beach and spaced 100 yds. or so apart, they can slow erosion by trapping sand carried by crosscurrents. But down current, the lack of drifting sand can result in worse erosion. "It's like robbing Peter to pay Paul," says Leatherman -- a concept the O'Malleys of Westhampton...

Author: /time Magazine | Title: Environment: Shrinking Shores | 8/10/1987 | See Source »

...intellectual diversion for others. Like the Foreign Cultures requirement in the Core, the minority student is programmed into the educational equation as just another variable to broaden the horizons of the average law school or Wall Street-bound undergraduate. The latter purpose of diversity demands that Black students absorb the ethos of the school and find a place within the Harvard tradition...

Author: By Camille M. Caesar, | Title: Reflecting on The Diversity Principle | 6/11/1987 | See Source »

...surer ways of accomplishing this. Even when Brecht was ripping off no one in particular, he felt the need to cloak his work with the patina of plagiarism. According to Brecht's doctrine of the epic play, setting works in an unfamiliar and unsympathetic context allows the audience to absorb the message of the works rather than getting absorbed in the character and stories. If Andrei Serban's seminew production of Brecht's The Good Woman of Setzuan shows anything, it's that a playwright's intentions can be taken far beyond the level of good taste and still work...

Author: By Cyrus M. Sanai, | Title: The Good Woman of Serban | 5/29/1987 | See Source »

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