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Astonishingly enough, however, such gloom has not prevented a number of airlines from raising cash on Wall Street, which is not notably kind to losers. Although TWA dropped $101.3 million in 1982, for example, it announced plans last week for an offering of 5 million shares of common stock, designed to bring in up to $85 million. Moneymen treated that news with interest rather than as a sign of financial chutzpah. U.A.L., the parent of United, which lost $66.7 million last year, said it would offer 3 million shares...

Author: /time Magazine | Title: Turbulence in the Skies | 2/21/1983 | See Source »

Georgi Vladimov, 51, a Soviet writer, hunches over a cup of tea in his small, fifth-floor apartment on the out skirts of Moscow. Outside, the sun has broken through the midwinter gloom, and in the courtyard below a father plays with his child among the birch trees. It is a scene of cheery placidity, but life is not placid for Vladimov. Like thousands of fellow citizens, he has learned firsthand about the implacable methods the KGB uses to intimidate those who deviate from prescribed norms of thought or behavior...

Author: /time Magazine | Title: The KGB: A Knock on the Door | 2/14/1983 | See Source »

Underlying the gloom on Capitol Hill was the realization that even if Congress cut the defense budget by a few billion more, and the President won his reductions in entitlement programs, the deficit would still be in the stratosphere. The Administration predicts red ink will reach $300 billion by 1988 if nothing is done. Said Alexander Trowbridge, president of the National Association of Manufacturers: "The most troubling aspect of the President's speech is that in spite of his proposals, projected federal deficits will remain unacceptably high next year and for years to come...

Author: /time Magazine | Title: Mending and Bending | 2/7/1983 | See Source »

RAIN MIXED WITH SNOW outside the Statehouse last Thursday, but inside that historic building, at precisely 12:12 p.m., sunshine broke through after four years of gloom. Michael S. Dukakis, taking the oath of office, was beginning his term as governor of the Commonwealth. Only minutes before, Edward J. King had walked out the front door and down the steps, leaving behind the havoc of his reign...

Author: NO WRITER ATTRIBUTED | Title: Of Dukes And Kings | 1/14/1983 | See Source »

...ABRUPTLY, the film takes an unsettling plunge into gloom, as the beleaguered couple arrives in Buffalo to see Paula's parents (Burnard Hughes and Jessica Tandy.) In her old home, Paula finds her vague dread about wedlock confirmed: her parents now live in a sadly senescent twilight, paying little attention to each other on the eve of their 40th anniversary. And Richard has to suffer sleeping by himself on his honeymoon, not to mention Paula's mother's well-meaning attempt to serve him grits in homage to his Southern background. The fledgling marriage, nurtured in the hedonistic sunlight...

Author: By Jean-christophe Castelli, | Title: Meaningless Relationship | 1/5/1983 | See Source »

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