Word: candidness
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Beijing's kinder, gentler line appears to be directed as much toward its own increasingly alienated people as its foreign creditors. "If the ruling party cuts itself off from the masses," warned an extraordinarily candid commentary in the Communist theoretical magazine Qiushi (Seeking Truth) last month, "it will invite calamity or will even be forced to step down." In the absence of ambitious goals like the economic and political liberalization policies set by fallen party chief Zhao Ziyang, says a Western diplomat in Beijing, "politics becomes a question of how you achieve stability best." At the moment, two approaches...
Some banks throttled their lending down so sharply that Government leaders began to fear a full-fledged credit crunch. In a candid statement released May 18, the Federal Reserve said concern about the scarcity of credit had contributed to the central bank's decision at a policy meeting last March not to raise interest rates, despite worries about inflation. Federal Reserve Chairman Alan Greenspan and other top regulators later urged banks during an extraordinary May 10 session in Washington to continue making loans to credit- worthy customers. Said Greenspan at the meeting: "If you have zero loan losses, then...
...Your points are so overwhelmingly convincing and candid that I concede every point I made in my letter, and my faith in TIME is once again restored." (Big grin...
...achieve a hit, to top or even match it. Wilson has proved he does not suffer under that burden. But in deference to stage superstition, the night before Piano Lesson started rehearsals at the Yale Repertory Theater in 1987, he began drafting his next play, Two Trains Running. A candid, joyous evocation of black street life circa 1968, it is just finishing its debut run at Yale. The episodic structure and comedic tone differ radically from Piano Lesson and Fences. The main thing the newest play has in common with them is that it too is terrific...
...that elusive reality in documentaries or news footage -- or in written dispatches, for that matter -- is often impossible. As press secretary Marlin Fitzwater said on Brokaw's special, the press sees only about 10% of what really goes on in the White House. Fitzwater's remark was the most candid line in the show. In view of television's continued reliance on pictures to tell the White House story, it was also the most cautionary...