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...very closeness of the relationship among partners in the face of such ambiguities presents the central theme of the movie. Lumet could have used the disintegration of that bond as an opening for examining the causes of Ciello's behavior. Danny Ciello somehow couldn't fit in. He loved the camaraderie, but something--just what is maddeningly unclear--made him rebel at his fellow detectives scorn for the system. At least partially driven by self-preservation and self-aggrandizement, Ciello is not noble, just understandable. He risks his job and his life to turn on his fellow officers, a move...

Author: By Jeffrey R. Toobin, | Title: Pretender to the Throne | 9/14/1981 | See Source »

Wall Street was not willing to wait. Tumbling stock and bond prices reflected the skepticism of investors that the Administration can dramatically curtail budget deficits and thus ease the pressure producing cripplingly high interest rates. On the very day that Reagan returned to the White House the Dow Jones industrial average fell 17.22 points to 867.01, its lowest level in almost 15 months...

Author: /time Magazine | Title: Could Be the Party's Over | 9/14/1981 | See Source »

...have two major leagues, for instance, and essentially politicians compete all summer in the regular season, narrow the field with a set of playoffs and then wind it up with a World Series. On off days, they, like ball players, speak at Rotary Club luncheons and tend to their bond portfolios. In other words, George Bush would feel right at home in the dugout...

Author: NO WRITER ATTRIBUTED | Title: The Yanks Need Bush | 9/14/1981 | See Source »

Meanwhile, the bond market was also hit hard. Bonds have been slumping in value since last summer because of the expectation of ever higher interest rates, and last week they took another big dive. IBM triple-A bonds maturing in the year 2004 slumped 3.7%, to 68½, thereby currently yielding 14.2% to any investor interested in buying them. Bonds of Mountain States Telephone, a Bell System subsidiary, dropped 3.1%, pushing the yield on long-term securities maturing in the year...

Author: /time Magazine | Title: Those Wall Street Blues | 9/7/1981 | See Source »

...Nazi troops from the site of the Allied invasion at Normandy; after a long illness; in Opio, France. The Yugoslav-born Popov passed false information to the Nazis under the code name Tricycle, and was said to be a model for Ian Fleming's fictional spy hero James Bond...

Author: /time Magazine | Title: Milestones: Sep. 7, 1981 | 9/7/1981 | See Source »

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