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...practitioners can represent clients now served by poverty lawyers. The A.B.A. insists that the demand for services is too great and that most lawyers are inexperienced in the types of cases that legal services attorneys specialize in. As for local government support, states and cities are hardly likely to dip deeper into their own pinched purses, especially not to fund groups that are often suing them. Jim Martin, director of the West Virginia program, is pressing his state legislature to help by raising the $10 filing fee charged to plaintiffs above the poverty line, but few observers believe he will...

Author: /time Magazine | Title: Law: One More Narrow Escape | 11/23/1981 | See Source »

...unexpected victory in the AWACS vote in the Senate last week, President Reagan received still more bad news about the state of the American economy. Not only has the U.S., by the President's own admission, dropped into its second recession in 15 months, but the business dip may be both deeper and longer than Reagan predicted. The Government's index of leading economic indicators, which is supposed to portend future business trends, showed a sharp 2.7% drop in September, the biggest decline in 17 months. And, to make the situation worse, the Administration's top economic...

Author: /time Magazine | Title: Policy-Testing Time | 11/9/1981 | See Source »

With interest rates volatile, banks everywhere have been under heavy pressure to anticipate which way rates will move next. Some of the big money center banks bet right in the third quarter, and were able to profit from a September dip in the cost of borrowing short-term funds from the federal funds market. Others avoided betting altogether by hedging: for example, by matching their own borrowing against the loans they make and by not locking in long-term loans to fixed interest rates. Says Mark Flannery, assistant professor of finance at the University of Pennsylvania's Wharton School...

Author: /time Magazine | Title: Bankers' Touch | 11/2/1981 | See Source »

...staggered away from the "Whizzer" and stumbled into the line for "The Demon." This ride seemed a more conventional roller coaster with a hill, a turn, a rise, a dip, none of which looked terribly menacing. But as the line snaked its way around a plaster mountain placed there for atmospheric effect, "The Demon's" devilish aspects revealed themselves. I had seen the tame initial drop; I had not seen the loop that towered over the fake mountain. My first inclination was to leave the line, but embarrassment is a powerful force. I stayed put. A few minutes later...

Author: By Burton F. Jablin, | Title: Holding On For Dear Life | 9/30/1981 | See Source »

...himself had a craving for a double dip of pistachio on a sugar cone, he'd go to Triples, in Syracuse...

Author: /time Magazine | Title: Letters: Aug. 31, 1981 | 8/31/1981 | See Source »

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