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...that limited rollover agreement, as one Western banker put it, was like "applying a Band-Aid to a patient in the intensive care unit." Ultimately, Poland's creditors may have no choice but to shore up their profligate client. Since Warsaw has almost no recoverable assets abroad to offset losses, a default would be nearly as costly for the lenders as for the Poles themselves. Summed up a British banker in London: "In a real sense, we are condemned to salvage the Poles...

Author: /time Magazine | Title: Poland: From Russia with Suslov | 5/4/1981 | See Source »

Alexandra Phillips and Alexander Pearson, as the sexually deviant couple, work well together--his neurotic calmness offset by her frantic hysteria. As Dr. Prentice tries with the determination born of despair to hide the evidence of his misdemeanor. Mrs. Prentice rushes madly from one end of the stage to the other, always one step behind. Melissa Franklin, as the hapless Geraldine Barclay, adds an Edward Gorey-like gallows humor to the play. She plays the innocent, dumb blond with evenness, never falling into the easy trap of whining or simpering...

Author: By Laura K. Jereski, | Title: The Butler Does It--Well | 4/28/1981 | See Source »

...best sense of the term. It propels singular, interesting characters through a panoramic plot. Alther takes risks that sometimes fail. She is willing to sacrifice plausibility for a comic effect, to put her characters through paces that occasionally seem dictated rather than inevitable. But such lapses are more than offset by the novel's page-turning verve and intelligence. Alther knows that no theory or ideology can account for the cussed complexities of daily life. As Emily, Raymond and the rest stumble from one ism to another, their author both mocks their blindness and applauds their determination to keep...

Author: /time Magazine | Title: Books: Beating the Sophomore Jinx | 4/27/1981 | See Source »

...first of two games there. Jullus Erving pumped home 28 points to pace Philadelphia, which blew a 16-point, second-half lead when the Bucks put on a 22-5 spurt to take a one-point lead with 9:09 left. But clutch foul-shooting by Caldwell Jones offset a Junior Bridgeman three-pointer in the final seconds and gave the 76ers the victory. In other conference semi-final action, the Kansas City Kings topped Phoenix, 95-88, to earn a seven-game victory and the right to face the Houston Rockets in the Western Conference finals...

Author: NO WRITER ATTRIBUTED | Title: Scoreboard | 4/20/1981 | See Source »

...unfounded. Federal assistance should be made available to those workers who face the prospect of unemployment spells during the industry's transition to a more efficient production system. The recessionary effect that short-term drop in automobile sales might have on industries that depend on Detroit can be offset by discreet use of demand management policy...

Author: NO WRITER ATTRIBUTED | Title: We Are Driven | 4/14/1981 | See Source »

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