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Linda Patscot, 27, a director of Callahan Research Associates in Manhattan, who earns about $30,000 and owes $ 10,000, argues that younger people do not share their parents' belief in delayed gratification. Says she: "The 'me' generation doesn't save for the future; it borrows to spend today. People are more hedonistic, and hedonism and debt are like brother and sister...

Author: /time Magazine | Title: The American Way of Debt | 5/31/1982 | See Source »

...always is ready to play a rookie one-on-one afterward. There is nobody like him for coming to play every night, except Bird. Bird is that way." If more were that way-not that good, just that way-the season might not seem so long. -By Tom Callahan...

Author: /time Magazine | Title: Sport: The Best the Game Offers | 5/24/1982 | See Source »

...cold even to artificial insemination, does not know what to say about this. Breeding is the essential industry of Thoroughbred racing, and, in the midst of this broken-down year, it is a somewhat consoling thought that the fate awaiting prematurely retired colts is not entirely unpleasant. - By Tom Callahan...

Author: /time Magazine | Title: Sport: Strewn with Broken Hearts | 5/10/1982 | See Source »

...Callahan. Reported by Jamie Murphy/Atlanta

Author: /time Magazine | Title: Sport: A Streak of Good Streaks | 5/3/1982 | See Source »

...again be Nicklaus or Palmer, let alone equal parts of both, but Stadler at least will not have to belly flop into any lakes. At the Masters, a deep thinker asked him, "Where are you now, and where are you going?" "Here," the Walrus said, "and home." -By Tom Callahan...

Author: /time Magazine | Title: Sport: Along Came a Walrus | 4/26/1982 | See Source »

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