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...sweet it is to have just one such moment in life. How bitter to have it early, and then be forced to rerun it ad nauseam, until the triumph turns into sitcom. Bitter for Gavin, for the luminous Babs, for their bookworm nephew Donnie (Timothy Hutton) and their lumbering pal Lawrence (John Goodman). The story meanders through 25 years of the changing South -- civil rights, women's rights, the capricious kingdom of celebrity -- and ends in 1981, but its moral should catch in many a yuppie throat. The price of pursuing eternal youth is catching it, like a cold...

Author: /time Magazine | Title: Part-Time All-American: FAR NORTH & EVERYBODY'S ALL AMERICAN | 11/7/1988 | See Source »

...Gentleman) strides easily among movie cliches. His gift is to play them as if they're all new and all true. And this time he has a cast to lend them flesh and nuance. Quaid creates a genuine pathetic hero, first exuding charm, then marketing it. And Hutton, in the thankless role of Gavin's conscience and Babs' would-be lover, makes his clammy patience and docile come-ons darned near authentic...

Author: /time Magazine | Title: Part-Time All-American: FAR NORTH & EVERYBODY'S ALL AMERICAN | 11/7/1988 | See Source »

...dollars and mobilizing squadrons of bankers and lawyers on a scale previously unimagined. On one side is the firm of Kohlberg, Kravis, Roberts, until now the undisputed master of the leveraged buyout. On the other is an alliance between a group of RJR Nabisco executives and Shearson Lehman Hutton, an old-line investment firm determined to break KKR's dominance of the hottest, most lucrative business on Wall Street. If either side pulls off the deal, the course of U.S. corporate history could be changed forever...

Author: /time Magazine | Title: Special Report: Big-Time Buyouts | 11/7/1988 | See Source »

...biggest takeover tug- of- war in U. S. history pits Kohlberg, Kravis, Roberts against Shearson Lehman Hutton and intensifies concerns over the huge debts that corporations are piling up. While leveraged buyouts are windfalls for investors, financial experts wonder if they are making American companies less competitive...

Author: /time Magazine | Title: Time Magazine Contents Page: Nov. 7. 1988 | 11/7/1988 | See Source »

...investment firm with $5.6 billion for use in takeovers, is a leader in the field. Since the takeover funds can borrow against their capital, they have the potential to raise as much as $300 billion. In a practice known as merchant banking, Wall Street firms, including KKR, Shearson Lehman Hutton and Morgan Stanley, are buying stakes for themselves in the companies they help investors take over...

Author: /time Magazine | Title: Food Fights on Wall Street | 10/31/1988 | See Source »

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