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Thanks to the free-spending American consumer, the current economic expansion has survived to the relatively ripe old age of three years. Many households have spent all their income, and then some. Americans have confidently, even feverishly, borrowed money in record amounts to buy everything from compact disk players to country houses. The level of home mortgage debt has increased by 37% since December 1982, to $1.5 trillion. At the same time, the total of installment debt, which includes credit-card purchases, department-store credit and the like, has surged by 67%, to $548.7 billion...

Author: /time Magazine | Title: Mounting Doubts About Debts | 3/31/1986 | See Source »

...itself in computers. Last week the Glenview, Ill., company (1985 sales: $1.6 billion) struck pay dirt twice. First it scored a surprise victory over IBM and ten other firms, winning a $27 million contract to supply the Internal Revenue Service with some 15,000 portable Z-171 computers. Compact enough for users to hold on their laps, the Z-171s will be standard equipment for IRS field auditors. Three days later, Zenith landed a $242 million contract to supply the Pentagon with 90,000 of its Z-200 desktop personal computers...

Author: /time Magazine | Title: Computers: Changing Channels At Zenith | 3/10/1986 | See Source »

Network anchors have become frequent fliers partly because of the increasingly portable technology of television. Compact editing and control- room equipment and other video gear can now be transported across the globe without great difficulty. If satellite transmission stations are not available locally, they can be packed up and shipped in. Instant satellite hookups last week made possible such scenes as ABC Commentator George Will sparring with Soviet Journalist Vladimir Posner in Moscow, and President Corazon Aquino in the Philippines being interviewed by Dan Rather in the farm belt...

Author: /time Magazine | Title: Press: Everywhere But in Manila | 3/10/1986 | See Source »

...alone. Rather than sit down to a feast each night, they often choose to heat and eat a Lean Cuisine or Le Menu frozen dinner. Now comes a convenient appliance in which to cook such solitary repasts: the Half Pint microwave oven. Made by Japan's Sharp Electronics, this compact cooker is small enough (13 in. by 13 in.) to fit snugly into the tiniest studio apartment. It will bake a potato in six minutes, only a tad slower than the four minutes that a typical full-size microwave takes...

Author: /time Magazine | Title: Appliances: Fast Food for Singles | 3/3/1986 | See Source »

...year" of the cocaine miseries that had vexed him all season. Overwhelmingly they voted to accept testing. "The worst possible scenario would be losing Raymond," said Guard Ron Wooten, one of the Patriots' union leaders. But when names, including that of troubled Receiver Irving Fryar, started tumbling out, the compact appeared to be in doubt...

Author: /time Magazine | Title: Sport: After the Game, the News | 2/10/1986 | See Source »

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