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Then lo and behold, we had inflation; we had deregulation of interest rates. And we had banks that were losing their best corporate customers to the commercial paper market. We had banks that needed fee income and needed to do something clever lest they go out of business the slow way, which is by starving to death. And so real estate lending became the favored commercial- bank asset. And as with any asset favored by bankers, it suffered a depreciation because they lent so much that they helped create a glut...

Author: /time Magazine | Title: Interview with JAMES GRANT: Beware The Day Of the Bear | 10/15/1990 | See Source »

...Behold every parent's worst nightmare: the six-year-old TV addict. He watches in the morning before he goes off to school, plops himself in front of the set as soon as he gets home in the afternoon and gets another dose to calm down before he goes to bed at night. He wears Bart Simpson T shirts, nags Mom to buy him Teenage Mutant Ninja Turtles toys and spends hours glued to his Nintendo. His teacher says he is restless and combative in class. What's more, he's having trouble reading...

Author: /time Magazine | Title: Video: Is TV Ruining Our Children? | 10/15/1990 | See Source »

After two decades in the shade of the local 7-Eleven, lo and behold, milkmen are making their rounds again. Customers ranging from affluent suburbanites to working mothers are paying up to $1.99 per half-gallon for milk delivered to their doorsteps. Since the Palm Beach Milk Co. opened in May with 200 customers, it has added 800 people to its routes, and it expects to tack on | 500 more this fall. Welsh Farms in Long Valley, N.J., estimates that about 25% of its business now comes from home delivery...

Author: /time Magazine | Title: SERVICES: It's That Man Again | 9/10/1990 | See Source »

...Corinthians 11, speaking of his stoning). Gone as well are some tongue twisters ("you who hew" in Isaiah 22) and ambiguities, like Zechariah 3's "Joshua was standing before the angel, clothed in filthy garments." (Joshua's garb was filthy, not the angel's.) The poetic exclamation "behold" has given way to the prosaic "look." Sex is bluntly called "intercourse...

Author: /time Magazine | Title: Religion: Farewell To Thee's and He's | 5/7/1990 | See Source »

...elevator doors opened into a cavernous room in an underground tunnel outside Geneva. Out came the eminent British astrophysicist Stephen Hawking, in a wheelchair as always. He was there to behold a wondrous sight. Before him loomed a giant device called a particle detector, a component of an incredible machine whose job is to accelerate tiny fragments of matter to nearly the speed of light, then smash them together with a fury far greater than any natural collision on earth...

Author: /time Magazine | Title: Science: The Ultimate Quest | 4/16/1990 | See Source »

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