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...three years Colin Richardson faithfully made every payment on the $125,000 mortgage on his small auto-repair shop in Lexington, Mass. But last February the Bank of Boston suddenly called in the loan. The bank, which was responding to pressure from U.S. regulators to tighten credit standards, relented only after an outraged Richardson went public with his plight by telling it to reporters in a one-man media blitz. Says he: "It would have made no sense to close my doors and sell everything off just to pay back the bank. How absolutely ridiculous and astounding for a little...

Author: /time Magazine | Title: Feeling A Crunch | 6/4/1990 | See Source »

Chrysler has tantalized car buffs for more than a year with glimpses of a muscular two-seater called the Viper. The roadster won rave reviews at U.S. auto shows, but Chrysler coyly refused to say whether the Viper would ever become a production car. The fan dance ended last Friday when Chairman Lee Iacocca said the company will build the car, but only about 500 annually. Powered by a 400-h.p., ten-cylinder engine, the Viper will be built for speed and handling. Chrysler insiders claim that the car will be able to accelerate like a rocket sled, zooming from...

Author: /time Magazine | Title: AUTOS: A Viper On the Loose | 5/28/1990 | See Source »

...kind of weirdo who one day decides to air his grievances by invading public space, grabbing a few hostages and seeing if the resulting police and media attention will ease the throbbing in his temples. Larry rides his motorcycle through the plate-glass window of Turgeon Auto, in grungy Queens, N.Y., where Joey works. He is looking for whoever is having an affair with his wife Donna (Annabella Sciorra), a secretary at the dealership...

Author: /time Magazine | Title: Cinema: Doing The Ultimate Deal CADILLAC MAN | 5/21/1990 | See Source »

...A.C.P. is hoping to build a coalition of industry leaders, politicians, health-care-provider organizations and consumer groups that might build a consensus for dramatic change. The group is already working with AT&T and the United Auto Workers, and in recent weeks it has presented its proposals to the American Association of Retired Persons...

Author: /time Magazine | Title: Medicine: A Call for Radical Surgery | 5/7/1990 | See Source »

...Tokyo the warm trade winds have brought on a mood of relief. The two countries still have many points of friction over a range of products, from auto parts to semiconductors, and the U.S. trade deficit with Japan remains stuck at a hefty $50 billion. But the ominous phrase trade war, so ubiquitous only two months ago, no longer seems appropriate at a time when Carla Hills suddenly has so many admirers in Tokyo...

Author: /time Magazine | Title: Sailing On Warm Trade Winds | 5/7/1990 | See Source »

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