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...began his monologue. "How many people here think I was asked to host Saturday Night Live because I'm a contributing editor of Playboy magazine? (Some applause.) How many people here think I was asked to host the show because my father is President of the United States? (Much louder applause and laughter.) That's what I thought. That's what I thought." Said Writer Downey: "It made me like Ronald Reagan more, knowing he has raised such a likable...

Author: /time Magazine | Title: I'M Trying to Have Fun | 2/24/1986 | See Source »

...quite clear in any event: whenever, however and by whomever the job is done, any major shrinking of the gargantuan federal deficit must involve spending surgery that will hurt more citizens more seriously than ever. As that realization sinks in, the cries of anticipatory pain are growing ever louder...

Author: /time Magazine | Title: Ouch! Ouch! Ouch! This Will Hurt | 2/24/1986 | See Source »

...speech, peppered with platitudes, drew a tepid response from the legislators. One of the louder ovations arose from Reagan's canny tribute to Democratic House Speaker Tip O'Neill, who is retiring this year; there was less response (and notably less from the Democrats) when Reagan turned to O'Neill and proposed that he and Tip find some way out of the budget impasse. Nevertheless, the grandeur of the ritual helped create for a moment the sense of comity that can grace such occasions...

Author: /time Magazine | Title: Back to the Future, Again | 2/17/1986 | See Source »

...louder. Scott Fusco was never going to score again...

Author: By Nick Wurf, | Title: The Nightmare: Never Going to Score Again | 2/4/1986 | See Source »

...debtor nation. And banks keep crumbling (120 of them went under last year). This does not mean that we are approaching 1929, of course, but as Lester Thurow of M.I.T. wrote last week, "Farm bankruptcies, financial speculation, nonperforming loans, large potential defaults . . . the echoes of the Great Depression sound louder and louder...

Author: /time Magazine | Title: Essay: A Bad Idea Whose Time Has Come | 2/3/1986 | See Source »

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