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...disturbing aspect of the slump was that it was caused in part by problem loans to two of the bank's directors. Federal regulators have launched a probe to see whether the loans, which carried below-market interest rates, were illegal. The episode marks a fall from grace for an industry hero, Texas Commerce Chairman Ben F. Love, who had a longstanding reputation for cautious lending. Investors regard Love's stumble as a bad sign for Texas banks in general. Says Robert Walters, an analyst at Austin's Sheshunoff investment firm: "The problem loans are startling. It is more than...

Author: /time Magazine | Title: No Respite | 4/8/1985 | See Source »

...autobiography--the stammering voice from the heart. A child of the Midwest during the '40s and early '50s, Schickel belongs to the last generation that automatically placed "silver" before "screen" and "glamorous" before "star." The world of celebrities, he confides, became "The Great Other Place"--a promised land of grace and charm and wit where nobody was ordinary, nobody was dull...

Author: /time Magazine | Title: Books: Star Trek Intimate Strangers | 4/8/1985 | See Source »

...PROBLEM IS that great universities, or rather those that would sooner appear great than be great, hum along towards the intellectual frontier with all the speed and grace of a brontosaurus. Harvard is notorious, particularly in the English Department, for sitting tight and hoping whatever's new and exciting will go away with next year's graduates. But that strategy hasn't paid off with all the permutations of New Criticism, which refused to crawl away and die, and the odds aren't in the department's favor now. As it is, students are deserting the English Department in large...

Author: By D. JOSEPH Menn, | Title: Old(e) English(e) | 4/2/1985 | See Source »

Businessman J. Peter Grace first recommended the improved hearing devices to Reagan. The new aids, made by Starkey Labs Inc., the Minneapolis manufacturer of his old aid, are half-inch-long devices called intracanal aids, meaning that they go inside the ear canal. The battery-operated devices are scheduled to go on the market next month at a retail cost of $900 to $1,100. Dr. John William House, the President's ear doctor, prescribed the second aid to balance Reagan's hearing by slightly increasing the volume level in his left ear. Reagan's right ear, House says...

Author: /time Magazine | Title: The President: Hear, Hear (in Stereo) | 4/1/1985 | See Source »

...have all the allure of a bus station and all the grace of a fallout shelter, but Filene's basement is as much a part of Boston as the Bruins

Author: By Shair Rudavsky, | Title: Bustle in the Basement | 3/19/1985 | See Source »

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