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...cautious State Department official described the talk between Secretary of State George Shultz and Soviet Premier Nikolai Tikhonov in New Delhi. In the first high-level meeting between the two nations since President Reagan's White House get-together with Soviet Foreign Minister Andrei Gromyko in Septem ber, the two men conferred for 20 minutes at the Soviet embassy, following Indira Gandhi's funeral. Afterward, Shultz said he had relayed U.S. wishes for a "constructive relationship," while Soviet TV reported that Tikhonov had made a plea for "peaceful co-existence...
...rates to prevent more inflation. They fear that signs like last week's $4 billion jump in the basic money supply point toward sharp price increases later in the year. In deed, Salomon Bros. Economist Henry Kaufman expects the discount rate, the price the Federal Reserve charges mem ber banks for loans, to rise a full percent age point in the next two months. Others contend that since the money supply has been growing within its announced target range of 4% to 8%, there is no need to clamp down...
...reconstruction: carpetbaggers who ar rive by jet from the Middle East to buy whole islands, the latest styles in scalawags and gentrification. Simons revisits Charles ton's old Negro market and finds that things have changed: "Bats, rafters, shale, pee, lead paint, clothes wads, the stuck bar ber pole, chili in open pots, all went to dropped ceilings for energy saving, parquet, rest rooms, pastel, jean shops, international flags waving in front of a deli store, and food described on a blackboard...
...L.A.O.O.C. plan: Don't build any sports palaces, refurbish the Memorial Coliseum. Spread the Olympic Village lightly over U.S.C., U.C.L.A. and U.C., Santa Barbara. Dot the megalopolis with stirring events. "We didn't have the three top sources of income available to all prior Olympic Games," Ueberroth (pronounced you-ber-roth) says. "The No. 1 income source has been government. We are putting on a private Olympics without government subsidies. The second source in Canada or the Soviet Union or Mexico City or Tokyo was Olympic lotteries. That's gone to us because it's against the law in California...
...this end, Grease 2 has assembled bloodless pastiches of 20-year-old pop music, reduced antique dance styles to their simplest components, ignored the authentic texture of language, manners and style except for their most obvious elements. The story is of the same cali ber: Michael, an English lad (Maxwell Caulfield), falls in love with Stephanie (Michelle Pfeiffer), leader of the T-Birds' hangers-on, the Pink Ladies. Her heart, however, does wheelies for him only when he dresses up as a mysteriously masked motorcyclist, a sort of Lone Ranger on a hawg. He does not reveal his true...