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...governments do come and go. More to the point, even if they do not go, they can stop payments, whatever the cost-most likely no more access to the world's credit markets. In the mid-1800s, when the U.S. was a developing nation, four American states (Pennsylvania, Maryland, Louisiana and Mississippi) defaulted on British loans. Though three subsequently paid up, Mississippi is still listed in London as a bad debtor; it owes $5 million for a bond issue, excluding interest. More recently, whole countries have repudiated their foreign loans, among them have been Cuba in 1961 and North...

Author: /time Magazine | Title: The Debt-Bomb Threat | 1/10/1983 | See Source »

...growing number of women writers are making the message familiar. In nine books in twelve years, Anne Tyler, 41, has populated an imaginary Maryland town with characters as memorable as those of Faulkner country. The hero of Morgan's Passing is a loud, daffy, unfathomable presence, as unexplainable as an Ahab. Dinner at the Homesick Restaurant, her most recent novel, uses an eatery as a metaphor for family life, in which food is the stuff of history, and patrons are constantly eating and running away. The wife of an Iranian child psychiatrist who is also a novelist, Tyler still...

Author: /time Magazine | Title: Books: Postfeminism: Playing for Keeps | 1/10/1983 | See Source »

Flamboyant Law Professor Alan M. Dershowitz, fresh from his successful defense of Lynette "Squeaky" Frame in her legal appeal, begins working to "clear the name" of Samuel Mudd, the Maryland doctor found guilty of assisting John Wilkes Booth by giving the assassin medical succor during his escape. In return, grateful NBC anchorman Roger Mudd--a descendant of the doctor--promises Dershowitz "all the air time he wants...

Author: NO WRITER ATTRIBUTED | Title: 'Only in America...' | 1/3/1983 | See Source »

That 23-22 loss goes down on the ledger as the last regular-season game in Bryant's 38 head-coaching years at Maryland, Kentucky, Texas A&M and Alabama...

Author: /time Magazine | Title: Sport: Not Your Average Bear | 12/27/1982 | See Source »

...special news-media issue of the Wilson Quarterly, Professor Lawrence W. Lichty at the University of Maryland challenges the idea that TV news is so dominant. Judging the argument involves assessing the nitpicking of several interested parties. Back in 1959 the Roper Organization, commissioned by the television industry, began asking this question, repeating it every two years: "Where do you usually get most of your news about what's going on in the world today"? The last time, in 1980, 64% cited TV, 44% newspapers, 18% radio, 5% magazines and 4% "talking to people." But that adds...

Author: /time Magazine | Title: News Watch Thomas Griffith: Where Do You Get Your News? | 12/6/1982 | See Source »

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