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...patrician investment firm Morgan Stanley was often the butt of ridicule. While more aggressive firms plunged into risky new techniques, Morgan, despite a leading role in corporate takeovers, seemed stuck in its stodgy habit of underwriting stock for blue-chip companies and selling investment-grade bonds. The new breed was playing high-stakes Monopoly, the joke went, while the stuffed shirts at Morgan were playing Trivial Pursuit. But no one is laughing at Morgan's expense anymore. The firm, founded in 1935, is the most profitable on Wall Street, posting record earnings of $443 million last year on $2.5 billion...

Author: /time Magazine | Title: We Don't Have To Have All of Our Cake Today | 2/26/1990 | See Source »

...late 1972, when I was covering Eastern Europe for TIME, I drove from my office in Belgrade to Sofia to write a story about Bulgaria. The situation was none too exciting in that most docile of all the Soviet satellites, but I did get a glimpse of a new breed of apparatchik. The press department of the Bulgarian Foreign Ministry arranged an interview with a 34-year-old Deputy Minister of Foreign Trade named Andrei Lukanov. He spoke idiomatic English, kept the party-line claptrap to a merciful minimum and talked candidly about the "shortcomings" of a command economy...

Author: /time Magazine | Title: America Abroad: The Case of the Shy Bulgarian | 2/26/1990 | See Source »

...long-running advertising campaign features diverse gun owners displaying their weapons and declaring, "I'm the N.R.A." But who really is the N.R.A. ? Though the group may boast its share of heavyset hunters with rifle racks in their pickups, typical members come from a more domesticated breed: white suburban men -- only 3% are women -- somewhat more affluent and better educated than the American norm. The dues-paying roster includes actor Charlton Heston, writer-editor Michael Korda and actor Jerry Mathers, the Beaver of sitcom fame...

Author: /time Magazine | Title: Under Fire | 1/29/1990 | See Source »

...Pavlov's dog hears and picks the damned thing up. The Satanic bleats from some new phones are the equivalent of sound lasers. Don't hurt me again, says the dog. I'll talk. Perhaps the phone that looks like a duck decoy and quacks instead of ring will breed new species -- phones that bark or baaa or moo or, maybe, sound like distant summer thunder...

Author: /time Magazine | Title: Essay: Hoy! Hoy! Mushi-Mushi! Allo! | 1/29/1990 | See Source »

...accepts both the English and Spanish pronunciations of his name since his grandfather, Reuben Blades, was born on the British island of St. Lucia) remains ambivalent toward the trappings of fame. One aspect of stardom that Blades finds particularly loathsome is the notion that celebrities are a privileged breed, an elite group that must insulate themselves from the rabble. Instead, the four-time Grammy nominee has tried to remain as accessible to his public as possible. Until just a few years ago, he had his home phone number printed on the back of his album covers. He abandoned the practice...

Author: /time Magazine | Title: RUBEN BLADES: Singer, Actor, Politico | 1/29/1990 | See Source »

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