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Fifty miles south of Washington, in rural Calvert County, Maryland, Dorsey's Gray's Ford truck and tractor dealership is on the verge of bankruptcy, "Damn worst I've seen since I've been in business," he matters. And the once-booming Calvert construction business is dormant now: New building permits are down 44 percent from last year, idling most of the county's predominantly black construction workers. Officially, unemployment in Calvert is 18 percent, making the current recession Calvert's most distressing economic situation in recent memory...

Author: By Chuck Lane, | Title: Dismantling Reaganomics | 4/20/1982 | See Source »

...slowly. Some 37,000 workers, about 25% of the total in the farm equipment industry, have been laid off. International Harvester, one of the industry giants, lost $393 million last year and an additional $299 million so far this year. Says Don Goodrich, who hopes to sell his Harvester dealership in Gilmore City, Iowa: "You'll see a lot more dealers trying to get out unless there's a turn-around soon." Adds Lloyd Long, a John Deere dealer in Oklahoma: "Reagan tells us to tighten our belts, but this is turning into a tourniquet...

Author: /time Magazine | Title: Hard Times in the Heartland | 4/12/1982 | See Source »

...Union Rescue Mission. A year later London is still there, receiving meals, a bed in an eight-man dormitory room and an $8 weekly allowance. He plans to stay. He has given up hope of finding a job. He made one last-gasp effort in June, touring every car dealership in Los Angeles. "The business has changed," he says, "and I do not see how it is ever going to pick...

Author: /time Magazine | Title: Many Do Not Get Counted | 2/8/1982 | See Source »

...John Updike's new novel, Rabbit Is Rich, Harry ("Rabbit") Angstrom is a wealthy car dealer who pitches new autos for a fictional Toyota dealership in Pennsylvania. "Japan can't make enough of these cars to keep the world happy," Rabbit tells a customer. "Here we're supposed to be Automotive Heaven and the foreigners come up with all the ideas...

Author: /time Magazine | Title: A Dazzling Display in Tokyo | 11/16/1981 | See Source »

...their latest outings, the three on going heroes of note in American fiction have succeeded in a variety of styles. Philip Roth's Nathan Zuckerman (Zuckerman Unbound) is famous; Updike's Harry Angstrom (Rabbit Is Rich) shuttles prosperously from Toyota dealership to marriage bed; and Thomas Berger's hefty and tenuous moralist, Carlo Reinhart, now 54, has risen above his customary blundering to become an Ohio Quixote tilting at Cuisinarts. Indeed, the redoubtable lummox actually triumphs over fate, women and his amazing girth...

Author: /time Magazine | Title: Books: Quixote in the Kitchen | 10/12/1981 | See Source »

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