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...bailout's relentless drain on the U.S. Treasury provided a grim backdrop to the stalemated budget talks. After 125 days of partisan wrangling, negotiators from both parties were nowhere near agreement last week on how to pare $50 billion from the 1991 deficit and $500 billion over the next five years. If a deal is not reached by Oct. 1, the government could face $100 billion of across-the-board budget cuts. While lawmakers contemplated legislation to avert that sweeping move, the White House threatened to veto such a measure in order to force a resolution of the budget deadlock...

Author: /time Magazine | Title: S&L Hot Seat | 10/1/1990 | See Source »

...have something there. But it does not sit well with the people who make a living creating the ultra-realistic computer graphics widely seen in TV ads, network news shows, science-fiction movies and theme-park rides. A computer-generated backdrop for a Hollywood film may take more than two years to create; Lanier claims he can make whole virtual-reality "worlds" in less than two hours. "Jaron Lanier has created a wave of revulsion in the industry," says the president of one computer-graphics firm. "He's promising something that will never be delivered...

Author: /time Magazine | Title: Technology: (Mis)Adventures In Cyberspace | 9/3/1990 | See Source »

...kids are all just Cosby Show clones, but they serve their purpose well. They giggle, smile, cry, and look scared all on cue, and provide a good backdrop to Cosby's antics...

Author: By Stephen J. Newman, | Title: Ghostdad Will Have You Die Laughing | 7/13/1990 | See Source »

Another gold coast lies 3,000 miles away, in Orange County, Calif. Joseph Wambaugh makes it the backdrop for The Golden Orange (Morrow; 317 pages; $19.95), his tale of high rollers on the sunstruck expanses of Newport Beach. Former policeman Winnie Farlowe pilots a ferry and works at his favorite hobby, drinking. One day he slams his boat into a yacht. The accident introduces him to a much divorced lady with money, looks and a conniving mind. Before Winnie's head clears, he is being set up for a scam that involves betrayal and homicide. In The Blue Knight...

Author: /time Magazine | Title: Books: Summer Reading | 7/2/1990 | See Source »

Breathless Mahoney spends the entire two hours of the film getting her ass slapped, her face slapped and her sultry kisses pushed aside by the ice man, Dick Tracy. She spends the rest of her air-time stupidly singing the backdrop to this music video of a movie...

Author: By Madhavi Sunder, | Title: Cool Colors Do Not A Great Movie Make | 6/29/1990 | See Source »

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