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Over the past 20 months, the key interest-rate measures have seemed to defy the best efforts of experts to guide their course, or even to figure out where they are headed. The prime rate, for instance, the bench-mark borrowing rate for corporations, stood at 20% when President Reagan took office. It declined for three months before reaching 17% in April 1981, then suddenly shot up to 20.5% just one month later, only 1 point below the record 21.5% attained during the Carter Administration. After that, the rate began to wobble around at a very high level. It eventually...

Author: /time Magazine | Title: Interest Rates Take a Dive | 8/30/1982 | See Source »

...offseason, tennis fortifies Rose. Yaz, because of his chronically creaky back, is unable to run for exercise, so he pedals a bicycle in the winter and swings a leaded bat daily, relentlessly. Both say the physical part is the easy part. Rose's ex-teammate Johnny Bench, though only 34, has been complaining this season about his "mind wandering at the plate."According to Rose, "That's not age, that's being in last place. I don't know if I could play now for a team that wasn't in contention." Yastrzemski says...

Author: /time Magazine | Title: Sport: Savoring the Extra Innings After 40 | 7/26/1982 | See Source »

DIED. Joseph Peel Jr., 58, Florida municipal judge convicted in 1961 of helping to murder a superior judge who was threatening to reveal Peel's corrupt practices on the bench; of cancer; in Jacksonville. Peel denied having his accuser weighted down and thrown into the sea from a rented boat. But on his deathbed he owned up to knowing about it: "I'm guilty of not using my influence to stop what was going to happen, and I could have...

Author: /time Magazine | Title: Milestones: Jul. 19, 1982 | 7/19/1982 | See Source »

...stage and screen in modern parts, but nothing prepared me for the admirably trained classical actor he proves to be. Sarandon is now 40, but he has no trouble convincing us that he is a young man half his age, right down to the way he lolls on a bench He speaks clearly, clearly, and musically-and he knows what he is saying...

Author: By Caldwell Titcomb, | Title: A Mixed Bag at Stratford | 7/16/1982 | See Source »

...state's voters endorsed Initiative 350, which prohibited local school boards from requiring busing as a desegregation tool. Seattle school officials went to federal court and won the right to continue busing, which was proceeding peacefully. But opponents of their plan took the issue to the high bench and picked up the support of the Reagan Justice Department...

Author: /time Magazine | Title: Law: The Court's Final Flurry | 7/12/1982 | See Source »

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