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...week stay. Besides attending parliamentary functions, he will presumably want to inspect some farms and agricultural-equipment factories; agriculture is one of his responsibilities in the Kremlin. Most important, he will be received at 10 Downing Street, possibly more than once. Prime Minister Margaret Thatcher, who has been hinting publicly for 14 months that she would welcome talks with the Soviet leadership, noted that Gorbachev's visit will be followed by one from Gromyko early in 1985. Said Thatcher: "We shall hope during these visits to take forward the search for ways to reduce the burden of armaments." Acting...

Author: /time Magazine | Title: An Opening to London | 12/3/1984 | See Source »

...through Washington. Veterans' groups protested when stories appeared suggesting that their hospital benefits would be cut. Government employees cried out when it was reported that their pension increases would be modified downward. Farm lobbies screamed over the possibility that subsidies would be hacked. Education groups rallied against the hint that Reagan would try again to eliminate the Department of Education. "The best thing to do," declared a member of the Business Roundtable, "is pull up a chair and watch the poker game." It is some game...

Author: /time Magazine | Title: The Presidency: Checking the Balances | 12/3/1984 | See Source »

...problem is that hot money knows no loyalty. At the first hint of trouble, rumored or real, these depositors tend to yank their funds. Says William Ogden, who was installed by Government regulators in July as chairman of Continental Illinois: "A modern run on a bank doesn't show up in lines at the teller windows, but in an increasing erosion of its capacity to purchase large blocks of funds in money markets." To ward off such electronic panics, many banks have tried to widen their deposit base to include a larger number of savers and to court better...

Author: /time Magazine | Title: Banking Takes a Beating | 12/3/1984 | See Source »

When Weaver answered, he recalls, "she would say, 'Well, it doesn't mean exactly this, but it means this, plus a little bit of that, and a hint of another thing.' When I realized that History contained 200,000 words, I decided to quit." Before he could inform Morante of his intention, she phoned, saying she had decided she could be of no help and would stop pestering him. Thus are great translations born...

Author: /time Magazine | Title: Books: Couriers of the Human Spirit | 11/19/1984 | See Source »

...pets-as in Fino and Tiny, circa 1791, which is dominated by a superbly rhythmical profile of the Prince of Wales' black-and-white spitz Fino-he set down their complicated markings and baroque puffs of newly washed hair with a measured, objective enthusiasm that transcended any hint of cuteness...

Author: /time Magazine | Title: Art:George Stubbs: A Vision of Four-Legged Order | 11/19/1984 | See Source »

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