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...will require some expert seamanship by policymakers to keep the economy on course. Early in the week, big U.S. banks boosted the bench-mark prime rate from 11% to 11½%, the first such increase in seven months. The very next day, the Commerce Department weighed in with a "flash estimate" showing that the gross national product in the first quarter is rising at the unexpectedly brisk annual rate...

Author: /time Magazine | Title: Volcker Is on the Spot Again | 4/2/1984 | See Source »

...through. Maybe he's more a synthesizer than an innovator, but it's never the steps that are most important. It's the style. That's what Michael has." Gene Kelly talks about Jackson's "native histrionic intelligence and his great wit. He knows when to stop and then flash out like a bolt of lightning. There are a lot of dancers who can go 90 miles an hour, but Michael is too clever for just that." From Fred Astaire comes perhaps the ultimate tribute: "My Lord, he is a wonderful mover. He makes these moves up himself...

Author: /time Magazine | Title: Why He's a Thriller | 3/19/1984 | See Source »

Wickes. It was plainly a job for Ming the Merciless, a.k.a. Sanford Sigoloff, 53. He earned his Flash Gordon nickname the hard way: turning around ailing companies by ruthlessly cutting, cutting, cutting...

Author: /time Magazine | Title: On the Comeback Trail | 3/12/1984 | See Source »

Spotted on campus during the recent Junior Parents' Weekend, were a plethora of preppy classics, from crewneck sweaters over jeans and corduroys to Brooks Brothers and J. Press sports jackets and rep ties. Sparking the classic mix: blouson or jean jackets, retro-looking ski sweaters, and the very occasional flash of miniskirt-bared legs. Adding their own ineffable brand of casual chic were a group of French students touring Harvard, wearing the born-again preppie garb which, ironically, is also the latest rage in Paris...

Author: By Lorna Koski, | Title: Studying the Classics | 3/9/1984 | See Source »

...value the alliance, with all its failings, as the ultimate guardian of Western freedom must seek urgently to end political disputes over East-West relations and North-South policy, especially Western conduct in the flash points of conflict in the Third World. The tendency to grandstand before domestic audiences, the growing self-righteousness, will in time make a mockery of the key assumption of the Atlantic Alliance: that we share a common approach to security. Defense requires after all some agreed political purpose in the name of which it is conducted. The Atlantic Alliance must urgently develop a grand strategy...

Author: /time Magazine | Title: A Plan to Reshape NATO | 3/5/1984 | See Source »

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