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...crashing halt." Last month, for instance, a minor computer failure at the Chicago Board Options Exchange shut down trading for about 90 minutes. Although the Commodity Futures Trading Commission has tested Globex to its satisfaction, it cannot guarantee that the system will be fail-safe. Concedes chairman Wendy Gramm: "We haven't thought of every contingency...

Author: /time Magazine | Title: Futures Shock Are trading floors obsolete? | 6/29/1992 | See Source »

GEORGE BUSH LOOKED WITHDRAWN AND UNCERtain as he privately discussed urban policy with a trusted adviser outside government. Hard-nosed conservatives like Senator Phil Gramm of Texas, Bush confided, were urging him to take advantage of the Los Angeles riots by emphasizing law and order and resisting new spending, both of which would appeal to white suburban voters. Other Republicans, meanwhile, were demanding more money for a market-oriented war against poverty. Exasperated, Bush asked, "What am I supposed...

Author: /time Magazine | Title: Back in The Straddle | 5/25/1992 | See Source »

That is the metaphysical quest that guides this right-wing crusader. Though he claims he has not yet thought about seeking the presidency in 1996, this year's campaign has thrust him into the top tier of contenders, along with Dan Quayle, Jack Kemp and Texas Senator Phil Gramm. It has also exposed the historic rift between Republican moderates and conservatives, long bound together by the fight against communism. With the cold war over, the G.O.P. is awakening to the fact that the new world order may threaten the quarter- century Republican domination of the White House...

Author: /time Magazine | Title: The Challenger What Does Pat Want? | 3/16/1992 | See Source »

Mather government tutors Gerald S. Gramm '86 and Amaz Zelleke, who organized the event in that house, both said they were pleased with the results of the primary and the number of students who came to the party...

Author: By Perry Q. Despeignes, CONTRIBUTING REPORTER | Title: Students Gather, Watch Super Tuesday Results | 3/11/1992 | See Source »

...inappropriate to a nation with an open frontier. Mention of the word could get you strung up or shunned by the politically correct. Later, in the 1950s, use of the word class joined vegetarianism and folk dancing as one of many telltale signs of communist leanings. Hence Senator Philip Gramm's recent denunciation of the Democrats as latter-day communists, "trying to create the same class struggle that failed in the Soviet Union...

Author: /time Magazine | Title: Double-Talk: About Class | 3/2/1992 | See Source »

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