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Businessmen complain that they are losing money because they cannot raise prices fast enough. The exchange rate, for example, is modified daily at 1 p.m. "We don't alter our prices accordingly, so on every sale we automatically lose between ½ % to 1½% a day," says Avram Kalisky, owner of a Jerusalem computer store. Many Israelis make ends meet by overdrawing their checking accounts between paydays, but the privilege can cost up to 19% interest a month. Others juggle their money from one account to another to avoid the costly bank charges. The inflationary cycle is self-perpetuating, since there...
...vote did not alter the basic center-right orientation of the Strasbourg-based European Parliament, which is a largely consultative body with some influence but few practical powers. Yet the hints of political polarization pointed toward a period of uncertainty in France and, to a lesser degree, in West Germany. In almost every major country, the election forced governments as well as opposition leaders to reconsider their strategies in the light of what appeared to be a newly volatile and irritated electorate...
Garcia, Roybal, and others must also monitor carefully the Simpson-Mazzoli bill. If they can demonstrate its harmful effects and lack of solvency, they may be able to muster the votes to alter the legislation. The last significant changes in immigration policy were made 19 years ago, when there was no Hispanic voice in the process...
...into each other again at auditions for a Loeb Experimental Theater production of a play called Kaspar, in which, as it happened, they both got parts. Rauch played a prompter, which meant he had to go up to the balcony and scream down Warner played one of five alter-egos of the main character. Kaspar, and spend a lot of time hopping around the stage on crutches Rehearsals were "endless" and neither of them could quite figure out what the play meant...
...year-old writing table in the large and comfortable study of his Birmingham, Mich., home 15 miles and financial light-years from the Detroit streets he portrays. Even so, the man who made close to $1 million last year from film deals and literary rights has not let success alter his owlish image. Let others compose on word processors; Leonard still writes in longhand and revises on a reconditioned portable. "People tell me I can afford a Mercedes, but I don't want one," he insists. He has no desire to move to New York or Beverly Hills...