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Congress has begun to act on those complaints. Senate Banking Committee Chairman Jake Garn of Utah wants to prevent money market funds from offering check-writing privileges; Congressman James Leach of Iowa has introduced a bill that would diminish the funds' appeal by setting reserve requirements on them. The money market funds are regulated by the Securities and Exchange Commission, but they, unlike banks, are not obliged to leave up to 12% of their deposits with the Federal Reserve. Such a requirement would increase costs for money market funds and reduce the interest they could...

Author: /time Magazine | Title: Shooting at Money Market Funds | 3/23/1981 | See Source »

Former Michigan quarterback Rick Leach, trying to win a major-league job as a non-roster player in spring training, belted his first homer and a single. Champ Summers and Lou Whittaker also had two hits apiece for the Tigers...

Author: NO WRITER ATTRIBUTED | Title: Scoreboard | 3/12/1981 | See Source »

Boston starter Dennis Eckersley was tagged for six hits, including the homers by Hebner and Leach, in a three-inning, four runs-allowed stint. Bob Stanley surrendered two more runs in the middle three innings, before rookie newcomer Jim Dorsey blanked the Tigers for the rest...

Author: NO WRITER ATTRIBUTED | Title: Scoreboard | 3/12/1981 | See Source »

...Capitol Hill, the talk of advisers touched off a furious debate. Even some Republicans were worried. Said Jim Leach of Iowa, a member of the House Foreign Affairs Committee: "If we send advisers, and one or more are killed, we may well cause a nasty civil war to be come a Viet Nam in our own backyard." Said Maryland Democrat Clarence Long, chairman of a House subcommittee on foreign operations: "This Administration is making very much the same kind of mistakes that an Administration of my own party made 18 years ago." Long presided over hearings at which witnesses...

Author: /time Magazine | Title: Changing the Subject: Reagan's Foreign Policy | 3/9/1981 | See Source »

...perhaps more of a gamble. The whole production rests on the ability of the hero to combine two opposites, a sweet but dumb charm and an almost arrogant self-confidence. Smith showed both in audition. "He came in and sang one note-B-flat-over and over," recalls Leach, "and right off he informed us that he could pull it off. He even pulled Errol Flynn's picture out of his wallet...

Author: /time Magazine | Title: Show Business: Silly Songs and Smiling Faces | 1/19/1981 | See Source »

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