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...budget cuts as they affect cities was unusually bipartisan. The mayors gave a standing ovation to Rohatyn. He urged the Administration to revive the New Deal's old Reconstruction Finance Corporation to provide longterm, low-interest federal loans so that cities, which find interest rates too high to float municipal bonds, can rebuild bridges, sewers, firehouses, schools and deteriorating mass-transit systems. Such a revolving fund, he said, should "selfdestruct in ten years" as revitalized cities repay the loans. The Rev. Jesse Jackson, founder of Chicago's self-help Operation PUSH, charged that before Reagan, federal programs...

Author: /time Magazine | Title: Anger of the Wily Stalkers | 7/5/1982 | See Source »

...this way, Drysdale kept its accounts in apparent balance yet continued to pocket a portion of the interest on each repo deal. High interest rates derailed the whole scheme because the bonds Drysdale had bought against the ones it borrowed failed to rise in value, forcing the firm to float more repos to pay the interest out of new premiums. Eventually, though, even that was not enough, and Drysdale had to default on the interest payments to Chase and other bankers...

Author: /time Magazine | Title: Aftershocks of a Money Tremor | 6/7/1982 | See Source »

...dead boys float in the South Atlantic, and there is no doubt on earth what those dark festivals were leading to. Last Monday, after the sinking of the cruiser General Belgrano, British armchair admirals were smugly analytical about the deficiencies of the Argentine forces. One day later Mrs. Thatcher listened ashen-faced in the House of Commons as her Defense Secretary announced the death toll from the destroyer Sheffield. Sobered, the world sat upright. It was precisely because the war had seemed so playful initially that it seemed so dreadful now. If anything, it appeared worse than...

Author: /time Magazine | Title: The Falklands: Oh What an Ugly War | 5/17/1982 | See Source »

...state has already responded to the increased need Gov. Edward I King last January authorized the Commonwealth to float bonds increasing money for student loans. An official for the Association for Independent Colleges and Universities in Massachusetts (AICUM), a higher education lobbying group said yesterday that while they support the plan, which will start raising funds this summer, "it is only part of the solution...

Author: By Jacob M. Schlesinger, | Title: New Federalism and Education | 5/1/1982 | See Source »

That is not to say that Osius gives a weak performance: rather it is fine, even strong. He has the facial expressions, the physical prowess, and even all the proper voice modulations. But he just doesn't exude that kinetic force which should make More float on the stage...

Author: By Rebeera J. Joseph, | Title: More Is Less | 4/22/1982 | See Source »

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