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...Even a mild slowdown in Europe's growth rate would be bad news for the U.S. economy. Washington has been counting on increased exports to Europe to help curb America's huge trade deficit, which hit a record $169 billion in 1986. But there is no assurance that Western Europe can keep up its present consumption of American imports ($59 billion last year), much less develop a greater appetite...

Author: /time Magazine | Title: Has Europe's Growth Peaked? | 8/10/1987 | See Source »

...Congress Hall, where the first federal lawmakers met. If any theme emerged from the speechifying, it was that the capacity to produce such conciliatory agreements as the Great Compromise may be the genius of the American system. House Speaker Jim Wright praised the "art of honorable compromise," adding a mild rebuke to the likes of Oliver North for ignoring congressional strictures: "Laws hammered out upon the blacksmith's forge of compromise have commanded observance from even those who disagreed with the wisdom of the laws. And that is what real patriotism comes...

Author: /time Magazine | Title: Congress Goes Home Again | 7/27/1987 | See Source »

...resemble a marathon encounter session: long periods of tedium punctuated by embarrassing personal disclosures. The latest revelation came last week when Kitty Dukakis, 50, the seemingly self- assured wife of Massachusetts Governor Michael Dukakis, publicly enrolled in the Betty Ford school of political candor. Her secret: 26 years of mild amphetamine dependency that ended in 1982 after she secretly entered a drug- rehabilitation clinic in Minnesota...

Author: /time Magazine | Title: A Mild Dose of Candor: Kitty Dukakis | 7/20/1987 | See Source »

...annual salary: $1.1 million) is a specialist in white-collar crime. Last January he joined the Iran-contra investigation for what he calls the greatest challenge of his career. For the defense: Brendan Sullivan, 45, a partner at Washington's best-known criminal- law firm, Williams & Connolly. Despite his mild appearance, Sullivan is a tireless worker and tenacious courtroom fighter...

Author: /time Magazine | Title: Sparring Partners | 7/20/1987 | See Source »

...first sustained period since World War II, the same frustrating experience is affecting millions of American workers, from steelworkers to grocery clerks, airline pilots to meat-packers. A prime reason: over the span of the 1980s, wages have been lagging slightly behind inflation, even at today's comparatively mild pace of about 5%. Between 1980 and June of this year, for example, the average weekly earnings for U.S. workers increased from $235 a week to $309. But after adjustment for inflation, including a dramatic peak at the beginning of the 1980s, that paycheck actually slid backward over those years...

Author: /time Magazine | Title: A Lament: All Work and Less Pay | 7/13/1987 | See Source »

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