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Dates: during 1980-1989
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Charting the possible scenarios for trouble has become a growth industry. The Great Depression of 1990, an offbeat work by the heretofore little-known economist Ravi Batra of Southern Methodist University, has perched on the New York Times best-seller list for twelve weeks and has sold more than 300,000 copies. Competing doomsday books bear such titles as Blood in the Streets (a how-to manual for crisis investing), The Panic of '89 (a fictional thriller about global financial follies) and The National Debt (an indictment of America's borrowing habits...

Author: /time Magazine | Title: How Ripe for a Crash? | 10/5/1987 | See Source »

...talk of recession and depression, while unsettling, is probably healthy. Since the biggest crashes occur as a result of surprises, nervous discussion may produce some vitally needed preventive measures. The first priority on nearly everyone's list is to halt the U.S. Government's free- spending ways. This will no doubt bring a more modest standard of living in the short run. But it may help America avoid waking up to find frightening headlines in the morning paper a year or two from...

Author: /time Magazine | Title: How Ripe for a Crash? | 10/5/1987 | See Source »

...anniversary of the Comprehensive Anti-Apartheid Act of 1986 approaches, South Africa's white minority has neither chosen the carrot nor suffered the stick. The government of State President P.W. Botha has undertaken none of the political changes specified in the act, sticking instead to its own long-scheduled list of minor reforms. South Africa's economy, meanwhile, though limping in spots, has not endured any major setbacks as the result of either U.S. sanctions or similar punitive measures that have been imposed by 27 other countries. Says Helen Suzman, a staunchly antiapartheid member of South Africa's Parliament...

Author: /time Magazine | Title: South Africa Ignoring Both Carrot and Stick | 10/5/1987 | See Source »

...result, Botha has come under little pressure to broaden the modest reforms that he began in 1985. Within the past three weeks, Botha has unveiled the last two such measures on his list: an amendment that would give the country's strictly segregated communities the local option of admitting residents of more than one race, and a plan to form a multiracial National Council to consult on the outline of a new constitution. Both proposals have been rejected as tokenism by black antiapartheid groups...

Author: /time Magazine | Title: South Africa Ignoring Both Carrot and Stick | 10/5/1987 | See Source »

...Mark Gastineau of the New York Jets, the famed pass rusher and sack dancer, cited his affection for Owner Leon Hess as the reason he crossed the line. Cowboys Veteran Lineman Randy White mentioned that his earning days are winding down. "He's going to make the All-Pro list this year," Teammate Tony Dorsett predicted with vinegar. "The All-Pro scab list...

Author: /time Magazine | Title: Sport: The Penalties for Delay of Game | 10/5/1987 | See Source »

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