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...staff director of the Banking Committee in 1981, Wall drafted the industry's dream deregulation bill, the Garn-St. Germain Act. That law created a new breed of thrift operator. In came highflyers like Keating who shifted their depositors' money (now insured for $100,000 instead of $40,000) from unexciting residential mortgages to potentially more lucrative but indisputably riskier shopping malls, resort developments, energy-generating windmills. The new breed awarded themselves seven-digit salaries, private jets, hunting preserves and yachts on which to entertain members of Congress. Keating and his associates took $21 million from Lincoln even...

Author: /time Magazine | Title: A Legal Bank Robbery | 11/27/1989 | See Source »

...ironic humor suggests a David Letterman filtered through the pages of Spy magazine. But Sweet represents something different for TV, a new breed of entertainer known as the comedy jockey. Viewers will learn what she does on Wednesday, when the Comedy Channel, a new 24-hour cable service from HBO, goes on the air. It is one of two all-comedy networks getting set to square off on a new battlefield of yucks...

Author: /time Magazine | Title: Video: Round-The-clock Yucks | 11/20/1989 | See Source »

...been getting bigger. The growth spurt is due largely to the diligence of Robert A. Caro, the biographer and political historian who has made L.B.J.'s saga into an obsession and virtually a life's work. Caro is one of the best known of a small breed of long-distance writers who appear from their orbits of research to offer big books on big subjects. Among others in the select group, most of whom tend to be, like Caro, journalist-scholars: Richard Kluger, author of the civil rights classic Simple Justice (1976), and J. Anthony Lukas, whose Common Ground...

Author: /time Magazine | Title: History: A Texas-Size L.B.J. Obsession | 11/13/1989 | See Source »

...some people have their way, t-shirts proclaiming "Club Redondo Beach" or "Club white-preppy-affluent-school x" will be supplanted by a new breed of shirts much closer to home...

Author: By Spencer S. Hsu, | Title: The Case Against Club Harvard | 10/30/1989 | See Source »

...anywhere from two to five pages of BIZ, heavily dappled with photos, were devoted to a single topic: the daily routine at a Trappist monastery, the drama of a parachute jump. BIZ, London's Picture Post (edited by Stefan Lorant) and the elegant French magazine Vu drew upon a breed of independent artist-photographer, often with one foot in Bohemia, to capture the arresting aspect of the everyday. Among the foremost practitioners were the German emigre Tim Gidal and Hungarian-born Andre Kertesz, whose enigmatic views of the Eiffel Tower and Paris streets imbued any human presence with an ephemeral...

Author: /time Magazine | Title: Golden Years 1920-1950 | 10/25/1989 | See Source »

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