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Rural banks have long been respected and profitable cornerstones of small farming towns. Now, however, many of the lenders have become both unwilling villains and victims in the grim drama unfolding in the American farm belt. Caught between their sympathy for the farmers' plight and their own fight for survival, banks have had to foreclose on loan after loan. But in many cases the foreclosures have not prevented banks from failing. Says James McDermott, senior vice president of Keefe Bruyette & Woods, a Wall Street investment firm that specializes in bank stocks: "The farm-belt mom-and-pop banks...

Author: /time Magazine | Title: Caught in the Middle | 2/18/1985 | See Source »

...right-wingers who deplore both his reform plans and negotiations with the rebels; the rightists hope to win a majority in the Salvadoran Legislative Assembly in March, and some U.S. analysts think they have a chance. If Duarte falls or is rendered ineffective, prospects for defeating leftist revolution look grim...

Author: /time Magazine | Title: Four Troublesome Hot Spots | 1/28/1985 | See Source »

...sang, "The man from the magazine/ Said I was on my way/ Somewhere I lost connections/ I ran out of songs to play." It was as if Fogerty had seen the future plain. Seven years later, that haunted little reverie from a tune called Lodi had turned into grim reality. He had lost out on--been done out of, he would say--millions of dollars in a bitter wrangle with his money managers. He got jammed up legally, and creatively he had gone dead...

Author: /time Magazine | Title: Music: High Tide on the Green River | 1/28/1985 | See Source »

...matter of days after her return, Svetlana had quarreled with Joseph; Katya, who lives in the Soviet Far East, did not come to Moscow to see her mother. When U.S. television cameramen spotted Svetlana looking grim and angry on the streets of the capital, she went out of control, showering them with obscenities in English. Dissatisfied by the cool official welcome she received, she has several times displayed her temper to the Soviet authorities. Olga, who, like her mother, still retains her U.S. citizenship, refused to wear the regulation uniform at a Moscow school. She came to class with...

Author: /time Magazine | Title: Personalities the Saga of Stalin's Little Sparrow | 1/28/1985 | See Source »

...sight and in fragile health, she never got the credit she deserved for her White House years. She took on Mrs. Kennedy's idea and enriched the public rooms more than any other First Lady. Her achievements were lost in the black hole of Watergate. Even in that grim episode, there was something admirable about her. She kept the dignity of her office, neither condoning the events nor deserting her husband...

Author: /time Magazine | Title: The Presidency: The Second Toughest Job | 1/14/1985 | See Source »

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