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...Taken together, the sudden flurry of shifts and departures creates unexpected leadership gaps only two months after Reagan declared that he saw no need "to break up a winning team." Ahead lies an uneasy transition period, during which new aides must learn the delicate busi ness of running the White House. Because the modern presidency has increasingly drawn power to the keepers of the Oval Office, and because Reagan leaves so much of the detail work to underlings, the changes and uncertainty among his advisers are no small matter to the nation...

Author: /time Magazine | Title: Shake-Up At the White House | 1/21/1985 | See Source »

...rehabilitation centers to learn another profession, and thousands of opium addicts were detoxified and put to work. At the same time, however, much of the reformed city's commercial life also withered. Only in the past few years has Shanghai regained the right to launch private busi nesses, attract foreign investments and keep some of the profits. The physical city is much the same as it was in 1949, but 35 years older, grayer and more than twice as crowded...

Author: /time Magazine | Title: And If Mexico City Seems Bad... | 8/6/1984 | See Source »

...creased power of the latest generation of silicon chips and new software that has made the Macintosh attractive to computer novices. "Once I saw the Macintosh I knew I wanted it," says Richard Petroca, a civil engineer from Long Island who uses the machine for letters and busi ness reports. "It's easy to use, and it's fast...

Author: /time Magazine | Title: Computers: The Peanut Meets the Mac | 4/2/1984 | See Source »

...regulators that savings banks don't compete with commercial banks can only be described as bizarre." Thus said Citicorp Chairman Walter Wriston two years ago at a convention of bankers in Boca Raton, Fla., when he lashed out at regulations that for bid a bank from doing commercial busi ness in another state. But despite those rules, New York's Citicorp has forged ahead in its ambitious plans to begin tap ping the $833 billion pool of consumer deposits held by American savings and loan institutions. Citicorp, the second largest U.S. bank holding company (assets...

Author: /time Magazine | Title: Cash Clash | 8/30/1982 | See Source »

Baseball Player Reggie Jackson speaks of his importance to his sport: "I am the straw that stirs the drink. It all comes back to me." Chrysler Chief Lee lacocca recalls what happened to him while he was rising in the busi ness world: "I got pretty damn good." Chicago Realty Mogut Evangeline Gouletas awards herself an ovation on the eve of marrying Governor Hugh Carey of New York: "In Chicago, they love me. In Chicago, I am already First Lady." Novelist Gore Vidal confides why the New York Times published a favorable review of his new book Creation: "They...

Author: /time Magazine | Title: Essay: On Leading the Cheers for No.1 | 6/8/1981 | See Source »

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