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...frenzy? And why now? The main reason is a hike in global automaking capacity that has already dramatically increased output around the world and will do so for several more years. South Korea is showing that a developing country can build an auto industry almost overnight and quickly crack the American market. Japan, the premier auto exporter of the '80s, is still fighting hard for U.S. market share and is rapidly building up its own American manufacturing capacity, largely in so-called transplant factories that depend heavily on imported Japanese parts. Meanwhile, American auto companies have entered into...

Author: /time Magazine | Title: Special Report: the Auto Industry: The Big Three Get in Gear | 11/24/1986 | See Source »

White made his mistakes with his hand, signing an extremely unpopular tax hike and the "no pass, no play" bill that applies to high school athletes. Clements' mouth did its share of fumbling. Near the end of the campaign, Clements stated that the state's economic woes were not his problem and would become so only after he took office. In the end, Clements was able to withstand White's comeback...

Author: By David G. Patent, | Title: Twisted Tuesday | 11/12/1986 | See Source »

...Arabian counterpart Sheik Ahmed Zaki Yamani. Kuwait and Saudi Arabia, OPEC's two richest members, had insisted on bolstering their production by some 10%. In the end, Saudi Arabia accepted no increase for itself and instead offered to donate its share of the 200,000 bbl.-a-day production hike to Kuwait...

Author: /time Magazine | Title: Opec: An Early- Morning Truce | 11/3/1986 | See Source »

...Democrat Lawton Chiles has generally agreed with New Mexico Republican Pete Domenici. Both have criticized the President's budget proposals over the years. A Democratic majority would give the President a little bit more of a fight on domestic spending cuts and probably increase the chance of a tax hike to battle the deficit -- but with the deficit out of control, a revenue increase would probably be inevitable no matter which party ruled the Senate...

Author: /time Magazine | Title: Can the Democrats Recapture the Senate? | 10/6/1986 | See Source »

...copy card system--in which people insert a card with photocopy credit on it into the copier in place of coins--is clearly warranted, especially in light of the price hike. In exchange for the 100 percent increase in cost, users deserve something in return. Why not eliminate the need to drop a dime into the machine before making each copy...

Author: By Gary D. Rowe, | Title: Brother, Can You Spare a Dime? | 9/24/1986 | See Source »

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