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...smithereens; she has a stash of gelignite and knows how to use it. Her daughter Cathy wants to leave the family business and go on the road with Big Mack, her country-and-western band. Son Mort refuses to sell cars and enjoys a none-too-warm paternal bond with his own two teenage sons: Johnny, 18, has escaped to a Hare Krishna ashram in Sydney; Benny, 16, possesses, as Mort sees it, "severe learning difficulties and the belief he was a genius...

Author: /time Magazine | Title: Australia's Family Ties | 1/20/1992 | See Source »

...just temporarily revived, a long period of low interest rates is essential. For that reason, the overwhelming majority of economists argue that the Federal Reserve must keep the discount rate near its current 27-year low of 3.5%. Still, the central bank can do only so much. Since the bond market remains quite wary of a ballooning federal deficit -- and would undoubtedly drive up interest rates in anticipation of dramatically rising deficits -- Congress will have to keep a constant eye on the mood of the markets to prevent interest rates from spiking...

Author: /time Magazine | Title: A Quick Fix Is Not Enough | 1/13/1992 | See Source »

...weekends forging metal at his country home in New Jersey. Now he's likely to have even more time to perfect his craft. Last week the New York Stock Exchange suspended Joseph for two years for his allegedly lax stewardship of the bankrupt firm, where he oversaw junk-bond king Michael Milken. The Big Board's $ rebuke prohibits Joseph from acting as a manager or supervisor at its member firms and bars him from owning a controlling interest in those companies. The penalty won't force Joseph to earn his living by the forge. He'll be allowed to consult...

Author: /time Magazine | Title: Wall Street: Shunned by The Big Board | 12/30/1991 | See Source »

...complex, poignant love a man has for his daughter: it's the Lolita syndrome without the lust but with every bit of the doting possessiveness. Annie's budding maturity means that George can no longer even pretend he is young; her engagement is a renunciation of their old flirtatious bond. "I was no longer the man in my little girl's life," he says with a sigh. For this father, a wedding is a funeral...

Author: /time Magazine | Title: Santa Leaves a Six-Pack | 12/30/1991 | See Source »

...since Bullwinkle has a big-nosed cartoon character been so cool -- or blundered his way into so much trouble. But Joe Camel is no ordinary creation. Conceived as a cross between Don Johnson and James Bond, the self-proclaimed "smooth character" found in Camel cigarette ads has, in the past three years, thrust the brand toward the top of the charts among the spring-break...

Author: /time Magazine | Title: Camels For Kids | 12/23/1991 | See Source »

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