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...month-old slump could end this summer, economists say the ) rebound will be far less robust than any of the eight other U.S. recoveries since World War II. The outlook is bleak largely because the 1980s debt binge still hobbles companies and consumer spending and makes banks unwilling to lend. At the same time, the $318 billion federal deficit handcuffs Washington's ability to stimulate business by cutting taxes and boosting spending -- tactics that helped the U.S. come roaring out of previous slumps...

Author: /time Magazine | Title: The Economy: Crawling Out Of the Slump | 6/17/1991 | See Source »

...Rudenstine's first responsibilities as president will be to find Graham's successor. Eager to lend a hand, Bok appointed a five-member search committee in March. Rudenstine has met three times with this committee, which has developed a short list of six to eight names, according to committee member Catherine E. Snow, associate dean of the Ed School...

Author: By Joanna M. Weiss, | Title: The Ed School Faces Life After Graham | 6/6/1991 | See Source »

...have no desire to run these properties. But buyers are hard to find nowadays. "The market to purchase hotels is dead," says Morris Lasky, chief executive of Lodging Unlimited, a firm based in West Chester, Pa., that specializes in turning around problem hotels. "Banks are not going to lend to new buyers, and there isn't anybody with cash to buy these things." Among the many anxious sellers is the government's Resolution Trust Corporation, which has 160 hotels in its portfolio of failed...

Author: /time Magazine | Title: The Banks Are in Hotel Hell | 5/27/1991 | See Source »

...White House in the event of my death." That is a ceremonial lie. The choice of a vice- presidential running mate is a purely political calculation aimed at winning the November election. A presidential candidate looks for a complementary running mate, someone to shore up a weak side -- to lend geographical or ideological balance, for example. Conservative Californian Ronald Reagan picked Connecticut-Texas moderate George Bush. It may be a matter of ages, aesthetics, chemistry and coloring, as well as political alliances. Elder, moderate, military statesman Dwight Eisenhower chose younger, nastier, darker, feistier conservative Richard Nixon. At some time down...

Author: /time Magazine | Title: The Strange Destiny Of a Vice President | 5/20/1991 | See Source »

...chill how badly they had been taken and how thoroughly mired they were in the mess. He was carrying a $300 million mortgage on the Plaza, $120 million on the Grand Hyatt, $75 million on Trump Tower. In December his father Fred, a builder in Queens, N.Y., had to lend him $3.5 million to pay his bills. Appropriately enough, Fred did so by purchasing that amount in gambling chips from one of his son's casinos. Even as Trump's fortunes continued to decline, though, the bankers tried to look the other way, loath to tip him into bankruptcy...

Author: /time Magazine | Title: Trump Trips Up | 5/6/1991 | See Source »

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