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When Israeli Labor Party leader Shimon Peres traded the foreign affairs portfolio for the Finance Ministry, he also traded headaches: curing the country's ailing economy won't be much easier than making peace. Israel's highly socialized economy suffers from double-digit inflation, lagging exports, shrunken tourism and the high cost of dealing with the Palestinian uprising. Last week Peres set off a storm of protest when he unveiled an austerity plan that affronted many, including members of his own party...

Author: /time Magazine | Title: Israel: Bitter Pill For Peres | 1/16/1989 | See Source »

...with a master touch. And the master, the suave manipulator, is Alan Parker. By avocation he is a caricaturist, and by vocation too. He chooses gross faces, grand subjects, base motives, all for immediate impact. The redneck conspirators are drawn as goofy genetic trash: there's not a three-digit IQ in the lot, not a chin in a carload. These are not bad men -- they're baaaad guys. And the blacks are better than good; their faces reveal them as martyrs, sanctified by centuries of suffering. Caricature is a fine dramatic tradition, when you have two hours to tell...

Author: /time Magazine | Title: Show Business: Fire This Time | 1/9/1989 | See Source »

...standard of living for many Americans. Prices of all imported goods will rise, as will those of many American goods whose producers see a way to increase profits and still compete. According to Thurow, there would be a serious risk of the United States heading "back to double-digit inflation" and suffering "a noticeable reduction in the American standard of living...

Author: By Joshua M. Sharfstein, | Title: Must It Come Down? | 1/4/1989 | See Source »

Pool places only a modest burden on the wallet at a time when dinner and an evening out for two can inflict triple-digit damage. "It's cheap entertainment," says New York banker Stephen Eisenstein. "You can come by and meet a friend and chat -- or not -- as you choose." Nor is the sport as physically demanding as the swingles scene. Says real estate investor Miles Levine: "Sex and drugs are out. We're going back to a more conservative time...

Author: /time Magazine | Title: Living: Everyone Back into Pool! | 12/26/1988 | See Source »

James led the Crimson in scoring and rebounding last season with 14.5 point and 5.7 rebounds per game. The 6-ft., 4-in. guard reached the double-digit mark in 21 of his 26 games last season. Harvard was 11-10 in the games that James scored 10 or more points and winless in the games in which he was limited to less than...

Author: By Michael Stankiewicz, | Title: Cagers Launch Invasion Against Capital | 12/16/1988 | See Source »

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