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...deregulation revolution began under Presidents Ford and Carter, but the Reagan Administration embraced the idea with energetic zeal. Hack, chop, crunch! were the sounds during the early 1980s as Reagan's regulatory appointees stripped away decades' worth of business restraints like so much prickly underbrush on the President's ranch. The expense of complying with federal regulations, Reagan claimed, had cost Americans between $50 billion and $150 billion a year. After only ten days in office, he put a freeze on more than 170 pending regulations. A drastic pullback of Government involvement in business followed, especially in federal attempts...

Author: /time Magazine | Title: Rolling Back Regulation | 7/6/1987 | See Source »

...names like Soldiers of Christ, Nation Watchers and the People's Movement Against Communism. Some of their members are menacing-looking young men and women with headbands and bolo knives stuck in their belts or automatic weapons slung over their shoulders. The more bizarre groups are called Tadtad, or Chop, because they ritually slash their bodies during initiation. They believe in potions and amulets that they say make them invisible to their enemies...

Author: /time Magazine | Title: The Philippines Rise of the Vigilantes | 5/11/1987 | See Source »

...mode of operations. "My host mother asked me to get the bananas off the tree, so I climbed the tree and started hacking them off, but all these ants began crawling over me," he recalls. "Then she came out laughing hysterically, and told me that I was supposed to chop the tree down, then pick the bananas...

Author: By Brandon Bradkin, | Title: Going For The Gap | 3/23/1987 | See Source »

...some t'ings dey shouldna got but we like dem quand-meme: like Corona beer ($2.50) . . . Ooo-wee! You squeeze dat lime and glug-glug-glug! You ain't tasted nothin' better! Rien!. . . and Hurricanes ($2.95). . . Cay-john as Chop Suey, but dey just like dem ones at Pat O'Brien's in dey Vieux Carre, and you drink two o'those, you say, "Doucement!," start feelin' like a nutria gettin' whomped on dey head! And I tell you what - C'est vrai, babe! - Dey teach dat Scorpion Bowl how to sting! Put one o' dem in your shoe...

Author: By Daniel Vilmure, | Title: OUT TO LUNCH | 2/26/1987 | See Source »

...amounts of debt. Once the threat has passed, firms have been forced to restructure to regain profitability. In other cases, they have slashed costs and boosted profitability precisely to keep their stock prices above the level at which they would attract bargain-hunting takeover sharks, who are likely to chop far more brutally and indiscriminately than the present managements. No less a titan than ITT warily shook off a takeover bid by Raider Irwin Jacobs in 1985. That effort gave renewed impetus to a slimming exercise already begun by ITT Chairman Rand Araskog. Since 1980, Araskog has sold off more...

Author: /time Magazine | Title: Special Report: Corporate Restructuring: Rebuilding To Survive | 2/16/1987 | See Source »

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