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...such debt totaled a record $342 billion in January. Commercial banks, which made nearly 45% of those loans, were by far the largest single lender. The failure of bank rates to fall much has widened the spread between what banks pay for some key funds and what they extract from small customers (see chart). It has also raised cries that the lenders are gouging consumers to make up for losses on loans to big borrowers the banks had no business courting in the first place. Declares Kay Pachtner, co-director of San Francisco's Consumer Action: "There...

Author: /time Magazine | Title: Big Rates for Little Guys | 4/4/1983 | See Source »

Three basic arguments have been put forth for national service. Proponents argue that it would ameliorate the disastrous youth unemployment problem, improve the quality and equality of the armed forces by bringing a broader range of teenagers from more affluent and better educated backgrounds into the services, and extract some sort of in-kind payment for accruing the advantages of U.S. citizenship...

Author: By John D. Soloman, | Title: Old Draft | 3/17/1983 | See Source »

...worried, singlet-clad mime in the lower half and, above it, the cold, oppressive ziggurat of an art deco-style New York building. The film noir dramatics of Longo's work are tuned down, and a subtler pathos comes through, the surprise being that Longo was able to extract it from such obvious cliches as the Urban Clown and the Faceless Skyscraper...

Author: /time Magazine | Title: Art: Three from the Image Machine | 3/14/1983 | See Source »

This was not the first time that Guernsey had dealt with the intricacies of state and government bureaucracy. He spent his first two years after law school working for the State of Mississippi in a program designed to extract child support from recalcitrant fathers. Guernsey says, however, that "it turned out to become a collection agency [for the state...

Author: By Mary C. Warner, | Title: 'Stepping Into a Breach' | 2/24/1983 | See Source »

...charge. They are not so naive any more. In Life and Death on the Corporate Battlefield (Simon & Schuster; 248 pages; $13.95), the two examine competition in American business. The rise and fall of the Real Paper is but one of the case histories that they crack open to extract the techniques of corporate survival...

Author: /time Magazine | Title: Book Audits: Feb. 14, 1983 | 2/14/1983 | See Source »

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