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...crowds that filled the lobby of the Federal Reserve Bank of Chicago last week were looking for more than a chance to admire the ornate ceiling and marble columns. They came to cash in on one of this year's hottest financial plays: U.S. Treasury securities. Enticed by a surge in interest rates and put off by the stock market, individuals have turned the once staid investment into a popular favorite. Small investors bought three-month and six-month T- bills at the record pace of $2.5 billion a week during the first quarter of 1989, compared with $2 billion...
...that may have existed only in the lace-valentine heart of a young Walt Disney. And the tactic works best when applying a cartoonist's paintbrush to a world that is fiction, on- and offscreen. Disney-MGM Studios marries movies to theme parks with the astuteness of Hollywood's hottest studio and the spell of a professional dream weaver. Here the men are strong and the women beautiful; the moral choices are in glorious black and white; and the ending is always happy...
While oil is the hottest issue, the Prince William spill could also help the environmental cause in a dispute that has nothing to do with crude: the battle over Alaska's Tongass National Forest, a woodland bigger than West Virginia, located in the southeastern panhandle. Unlike parks, national forests are available for lumbering. But conservationists have protested that the Tongass, one of the few remaining temperate rain forests, should be largely protected from logging, especially considering that the industry is heavily subsidized by the U.S. Forest Service. Says Larry Edwards, founder of the Southeast Alaska Conservation Society: "We have...
Meet Brigada S, the hottest, hippest band in Gorbachev's Soviet Union. After a history of often bitter confrontations with police and schoolteachers, Brigada S (or the S Brigade, christened by lead singer Igor Sukachev because he liked the letter S) has become one of the most popular of the new generation of rock bands. Although the four-year-old group has yet to produce an album, the self-described "Proletarian Jazz Orchestra" enjoys a tremendous following. Teens from Tallinn to Vladivostok spray-paint the band's name, with the Russian equivalent of S drawn like a Communist hammer...
...Theater or in quasi-documentary scripts about prostitutes and gravediggers performed by the city's most impressive acting troupe, the Sovremennik (Contemporary) Theater. Says Konstantin Raikin, artistic director of the Satirikon Theater, where the Russian-language debut of Jean Genet's psychosexual drama The Maids is Moscow's hottest show and among the least political: "These days, a measure of a play's appeal is to be able to say that it's not only about perestroika...