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Such moves have outraged many in a nation in which economic discontent has already spawned a wave of protests. Declares one disgruntled depositor: "I will keep large amounts of cash on hand and will pay all my bills in cash." Others have been lining up to open accounts at hitherto little-used post-office banks, where services are limited but attractively free of charge...

Author: /time Magazine | Title: Lost Confidence | 2/13/1984 | See Source »

...Reagan's most trusted political advisers, Clark is eager to repair the President's image in an election year. Indeed, he has already sent a number of small fence-mending signals to the environmental community. Reversing a Watt policy, he offered the National Wildlife Federation hitherto-refused federal data on the amount of poisonous lead shot that duck hunters inadvertently scatter into lakes and ponds. With that gesture, he buried the hatchet with the largest conservation group in the U.S. Clark also promised that he would end the moratorium imposed by Watt on acquiring new land...

Author: /time Magazine | Title: Environment: Pouring Oil on Troubled Waters | 1/30/1984 | See Source »

What makes the views from IRAS so unusual is that they provide the first look at a hitherto invisible world. Before IRAS, telescopes placed aboard spacecraft gathered either conventional "visible" light, in the range of the human eye, or higher-frequency ultraviolet radiation, X rays and gamma rays. IRAS, by contrast, operates at the other end of the electromagnetic spectrum: it "sees" in the dark by detecting the long waves of infrared radiation, or heat. Since water vapor in the earth's atmosphere soaks up most infrared radiation from space, such observations until now could only be made...

Author: /time Magazine | Title: Science: Spectacular Shots in the Dark | 11/21/1983 | See Source »

...narration of one of the wives. Theirs is an unambitious rural retreat in which "it was impossible to believe that somewhere else the unpleasantness was going on." The troubles of Ireland are at a safe distance until one of their own number. Cynthia (whose husband the narrator sleeps with) hitherto considered to be rather weak and characterless--stuns them all with a vicious, almost raving outburst of pent-up emotions. A superbly crafted, extended passage has Cynthia confront her companions with the facts about themselves and a manic account of the viciousness, violence and pervasive sickness of the Irish conflict...

Author: By Mark Murray, | Title: Irish Tragedies | 11/18/1983 | See Source »

Apple Computer (1983 sales: $982.8 million) reported last week that its fourth-quarter profits fell 73%, to $5.1 million, compared with last year's earnings results. The plunge forced Apple, hitherto one of the most prosperous firms in California's Silicon Valley, to suspend payment to its employee profit-sharing plan for the first time since the company went public in December 1980. A day after Apple's announcement, Massachusetts-based Digital Equipment Corp. (1982 sales: $3.8 billion) announced that its profits were off 72% during its most recently ended quarter. Digital's stock lost...

Author: /time Magazine | Title: D-Day for the Home Computer | 11/7/1983 | See Source »

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