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Only a few months ago, there was growing concern that the economy might overheat and generate sharply higher interest rates and inflation. Brisk loan demand and the Federal Reserve's tight policy pushed the prime rate that banks charge business borrowers from 11 % early in the year to 13% by summer. That increase in interest rates now seems to be helping slow the economy to a more moderate rate of expansion...

Author: /time Magazine | Title: The Recovery Rolls On | 9/24/1984 | See Source »

...week ended, the American men as well as the women could look forward to the prospect of further medals in contests on individual apparatuses. But for a nation that previously had won but two Olympic gymnastics medals in 52 years, the market had already been brisk indeed. It was the oldtimer Bart Conner who best summed up the dramatic transformation that had taken place. "I've been a part of gymnastics in America when we weren't any good at all," said Conner. "To be a part of it now when we come to this moment, when...

Author: /time Magazine | Title: Olympics: Finishing First, At Last | 8/13/1984 | See Source »

...Games. Local newspapers burst with ads for tickets of every stripe, not all placed by overambitious travel agents or venal speculators. Not a few poor fans misunderstood the system or unstrategically overordered and have landed them selves in the ticket-brokering business on a big scale. A brisk market also developed in team pins, something of an Olympic tradition. "It's not like just a football game or something," said Cathy Fresh water, a supermarket checker and souvenir canvasser. "I'm going to be late for work but it's worth...

Author: /time Magazine | Title: Olympics: Voices from the Village | 8/6/1984 | See Source »

...year. But what they cautiously predicted has already come to pass. Last week the Labor Department announced that civilian unemployment fell from 7.5% in May to 7.1% in June, its lowest level in more than four years. Since November 1982, when unemployment hit a postwar peak of 10.7%, the brisk economic recovery has created at least 6.5 million jobs. A record 105.7 million Americans are working. One of the best gains in June was for black workers, whose jobless rate dipped to 15% from 15.8%. For black teenagers, the rate fell to 34% from 44%. Among the sectors...

Author: /time Magazine | Title: Unemployment: It's Off to Work We Go | 7/16/1984 | See Source »

Making a 68-ft. putt without trying to, Zoeller took a three-stroke lead on the second hole. Norman three-putted three of the first five, and the most meaningful championship in golf turned into a brisk 3-hr. 15-min. walk. When Zoeller missed a birdie putt near the close of his handsome 67, Norman in jest made the sort of choking sign that professional basketball players flash to each other in earnest. Then he went to his own ball. "Knock it in," Fuzzy said softly...

Author: /time Magazine | Title: Sport: Sportsmanship by Eight Strokes | 7/2/1984 | See Source »

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