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...Moral Majority's preferred candidates. Last month's defeat of Robert Bork, an ideal Supreme Court nominee from the movement's standpoint, further suggested a loss of clout. As for issues like abortion and school prayer, Moral Majority spent millions "without achieving one piece of legislation," observes Evangelical Theologian Carl F.H. Henry. Fundamentalists this year also lost three significant court cases dealing with curriculum grievances against public schools...

Author: /time Magazine | Title: Religion: A Jerry-Built Coalition Regroups | 11/16/1987 | See Source »

...Trans World Airlines is trying to fend off a takeover by Carl Icahn. The beleaguered company petitions the Transportation Department to hold a hearing that would delay Icahn's bid, but it looks like the request will be turned down. Searching for other options, TWA needs to buy time -- and influence. Enter former White House Deputy Chief of Staff Michael Deaver. That very month Deaver has left Ronald Reagan's employ to start a Washington "consulting" firm. According to Jon Ash, a former TWA executive, Deaver says, "I can give ((Transportation Secretary)) Elizabeth Dole a call." Deaver...

Author: /time Magazine | Title: Have Influence, Will Travel | 11/16/1987 | See Source »

...historian Carl Friedrich once wrote, "To be an American is an ideal, while to be a Frenchman is a fact." A Frenchman knows what it means to be a Frenchman. Americans constantly wonder about themselves, about what they represent, about their purpose and their virtue and where they stand in the world. Americans are constantly reinventing themselves...

Author: /time Magazine | Title: The Crash: Who's in Charge? | 11/9/1987 | See Source »

...department-store chain when the target company's shares fell to $30. Hong Kong-based Jardine Strategic Holdings called off a $390 million bid to buy a 20% interest in Bear Stearns when shares of the Wall Street firm plummeted from $23 to $12. The crash ended TWA Chairman Carl Icahn's effort to take the airline private by offering to pay $45 apiece for shares that ended up dropping to $14 the day after the crash. Said he: "I'm sitting on the sidelines...

Author: /time Magazine | Title: The Crash: Raiders Retreat - for Now | 11/9/1987 | See Source »

...Polly J. Matthews, Gary Roberts, Nancy Smith- Alam, Melanie Stephens, Robert B. Stevens, Mary Themo Photographers: Eddie Adams, Terry Ashe, William Campbell, Sahm Doherty, Michael Evans, Rudi Frey, Dirck Halstead, Peter Jordan, Shelly Katz, David Hume Kennerly, Neil Leifer, Ben Martin, Harry Mattison, Mark Meyer, Ralph Morse, Robin Moyer, Carl Mydans, James Nachtwey, Matthew Naythons, Stephen Northup, Bill Pierce, David Rubinger, Antonio Suarez, Ted Thai, Diana Walker...

Author: /time Magazine | Title: Time Magazine Masthead November 9, 1987 | 11/9/1987 | See Source »

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