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...cornerstones of personal financial planning used to be a life insurance policy, but it, too, is changing under the battering of inflation. The meager 4% annual interest such policies can pay is even lower than the 5¼% earned on a bank savings account. Millions of Americans have now shied away from so-called whole life policies that combine insurance with savings. Instead, they are taking out less expensive term policies that have no investment value and provide death benefits for only a limited time...

Author: /time Magazine | Title: The Savings Revolution | 6/8/1981 | See Source »

...French presidency to Socialist François Mitterrand, West Berlin voters were giving a similar demonstration of discontent with West German Chancellor Helmut Schmidt's Social Democrats, who had ruled the divided city for 26 years. Tainted by corruption, the city's Social Democratic Party polled a meager 38.4%, its worst postwar score, and down more than four points from the last election in 1979. The S.P.D.'s coalition partners, the Free Democrats (F.D.P.), won only 5.6% of the vote, barely clearing the 5% necessary for representation in the city assembly...

Author: /time Magazine | Title: West Berlin: Losing City Hall | 5/25/1981 | See Source »

...veterans' words are not enough for a 'comprehensive understanding of what the war meant to them. Santoli's reluctance to judge his fellow soldiers, as indicated by the almost non-existent biographies, comes off as diffidence and an abdication of responsibility. Even worse, the meager descriptions are tucked in the back of the book (and incorrectly alphabetized), so one must constantly flip back and forth to see who is talking. This mistake is particularly unfortunate because it hurts the collection's best asset--its penetrating and hypnotizing rhythm...

Author: By Jeffrey R. Toobin, | Title: Everything We Already Know | 5/8/1981 | See Source »

UNFORTUNATELY, most of the characters themselves seem trapped in the second dimension by the strictures of Wilson's meager characterizations. Some do manage to get beyond these limits, but usually only to generate brief moments of excitement. Wilson steadfastly refuses to let any one of his seventeen characters become a focus of attention, begrudging any one enough material or time on stage to develop a full or interesting character. The only chance for a single character to take over the stage comes in the short quasi-monologues that Wilson sprinkles throughout. These speeches, in which the actors have been given...

Author: By John KENT Walker, | Title: Rimers, But Few Reasons | 4/21/1981 | See Source »

Several hundred campesino families were gathered early last week on the dusty veranda of the hilltop plantation house. Dressed in their meager best, they stood respectfully and listened for more than an hour as the man in the short-sleeved guayabera shirt exhorted them to hard work and clean living. The scene looked familiar-an absentee landlord come to survey his patrimony, perhaps. In fact, the speaker was José Antonio Morales Ehrlich, a member of El Salvador's ruling junta and head of the country's far-reaching land-reform program. The campesinos represented 14 new cooperative...

Author: /time Magazine | Title: El Salvador: The Heirs of the Finca Florencia | 4/20/1981 | See Source »

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