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...responded, it just doesn't square with the facts." Several banks have cautiously narrowed their focus. Manhattan's Bankers Trust ($40 billion), for example, has become one of the most profitable large U.S. banks by dramatically curtailing its consumer business in order to devote itself to merchant banking, a step that involved shedding more than 100 of its branches. Ben Love, chairman of Houston's Texas Commerce Bancshares

Author: /time Magazine | Title: Banking Takes a Beating | 12/3/1984 | See Source »

...reality of this writer's beginnings was none too efficacious. Cheever was born the son of a prosperous shoe-merchant and a strong minded Englishwoman, in Wollaston, Massachusetts, in 1912. Bad deals and the depression destroyed his father and left the family dependent on the mother's quaint foreign gift shop. Young John, whose successful older brother Fred had begun at Dartmouth, found himself associating with his embittered, self-pitying father, while his mother grew increasingly distant...

Author: By Ari Z. Posner, | Title: The Lives of John Cheever | 11/30/1984 | See Source »

...that cannot be written into bills and dropped in a legislative hopper. The Democrats have not had a candidate who possessed those qualities since John Kennedy. Reagan has been a master of the intangibles, emerging as a leader of a new populism composed of whitecollar, high-tech, professional, small-merchant voters itching for an assault on the Washington royalists...

Author: /time Magazine | Title: The Presidency by Hugh Sidey: When the Elite Loses Touch | 11/19/1984 | See Source »

Dramatically muddy and dubiously humorous, Taming shares with The Merchant of Venice a modern stigma for its Elizabethean prejudices. If, as some feminists suggest, pornography is anything that shows women in a degrading light, Taming would rank up where with Debbie does Dallas. A large part of the play's humour concerns the attempt of a man to turn his new wife into the slave of his will, not a very funny subjects to the feminists fighting for the positive portrayal of women...

Author: By Cyrus M. Sanai, | Title: The Taming of the Soft Shoe? | 11/8/1984 | See Source »

Held were Fausto Calabria, 62, now chairman of Mediobanca, Italy's most powerful merchant bank, and Sergio De Amicis, 66, former president of Condotte, the state-controlled construction firm. Police said that between 1972 and 1982, when the two held top positions at I.R.I., they built up a cache of so-called black funds. This essentially loose corporate change can be spent at the discretion of top officials as bribes to gain foreign contracts, as political contributions or simply as untaxed executive bonuses. What happened to the I.R.I, money last week was a mystery. A total of $26 million...

Author: /time Magazine | Title: Frauds: Shedding Light on Black Funds | 10/29/1984 | See Source »

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