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...Wall Street trading and courthouse chaos into more than a tour de force. Even at more than 600 pages, Bonfire moves with a swift comic logic. It has become a critical cliche to say that a book is hard to put down. Those who think that they can casually dip into this one, fuhgedaboudit...

Author: /time Magazine | Title: Books: The Haves and the Have-Mores THE BONFIRE OF THE VANITIES by Tom Wolfe; Farrar, Straus & Giroux; 659 pages; $19.95 | 11/9/1987 | See Source »

...stocks before last week. Retirees who are already collecting pension payments under defined-benefit plans are in no danger because of federal pension-insurance guarantees. Nonetheless, most pension funds have taken a beating over the past three months. A firm that finds its pension plan underfunded might have to dip into earnings or borrow from outside sources to meet its fixed obligations in the short term. Since pensions are based on salary scales, companies may choose to hold down wage increases to lower pension costs. Over the longer term, if the market stays depressed and squeezes earnings, many firms might...

Author: /time Magazine | Title: The Crash: I Feel a Lot Poorer Today | 11/2/1987 | See Source »

...market reached its highest level in history, an eccentric statistician named Roger Babson warned the National Business Conference that "sooner or later a crash is coming, and it may be terrific." The market responded nervously, with the New York Times's 25 leading industrial stocks taking a 10-point dip, then recovering. The Times fretted about the "idea of an utterly disastrous and paralyzing crash...

Author: /time Magazine | Title: The Crash: Once Upon A Time in October . . . | 11/2/1987 | See Source »

...sitting on a stool in the "Dunk 'n' Dip" doughnut shop on Third Street in East Cambridge. I'm reading the morning paper 'n' I'm reading a story that refers to Ted Kennedy. Seem like the senator wants to create a national literacy corps of college kids who'll earn course credits for teaching youngsters and adults how to read. Senator Ted wants to set up pilot tutoring programs at fine Massachusetts colleges to form the model for a national campaign. Bank of Boston has offered $5,000 grants to each of five schools to start up the programs...

Author: NO WRITER ATTRIBUTED | Title: Readin' 'n' Writin' | 9/22/1987 | See Source »

...deficit; the June gap was a little over $1 million. In June, Robertson's CBN reported $12 million in lost revenues for the three-month period ending in May and projects a $21 million shortfall through next March. The Roberts organization has admitted that monthly donations to the ministry dipped from $4.5 million to about $3 million in April and May. Falwell has reported a $4 million deficit in the wake of the scandals, and Schuller admits to a "significant" dip during March and April...

Author: /time Magazine | Title: Religion: Enterprising Evangelism | 8/3/1987 | See Source »

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