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...what has become a long-distance race along parallel tracks, the Chinese enjoy a lengthy lead. Reformer Deng's brand of "socialism with Chinese characteristics" has scored the most dramatic successes in the countryside. The roads of Sichuan province, the rice bowl of China, teem with bicycles and mini-tractors hauling everything from geese and green beans to bricks and black vinyl sofas. In Guanghan county, one of the first two regions in the country to abolish the Mao-inspired communes and lease land back to farmers % under the family contract system, the per capita income of agricultural workers...

Author: /time Magazine | Title: Communism Two Crossroads of Reform | 11/9/1987 | See Source »

...brief formal remarks issued through his spokesman, Marlin Fitzwater. On Black Monday, he blithely attributed the crash to "some people grabbing profits" accumulated during the market's long rise. In a statement after the close of trading, he said that "the underlying economy remains sound" -- unwittingly drawing another parallel to 1929, when Herbert Hoover said almost exactly the same thing. On Wednesday, Reagan remarked that the midweek rally indicated the Monday collapse had been "some kind of a correction" -- a statement that would have been reassuring only if he had intended it ironically, as he obviously had not. Some critics...

Author: /time Magazine | Title: The Crash: Panic Grips The Globe | 11/2/1987 | See Source »

...south toward Antarctica, 1,000 miles away, fighting vicious winds before settling into a twelve-hour round-trip flight at altitudes of up to 40,000 ft. Along the way, the instruments continuously collected data on atmospheric gases, airborne particles and solar radiation high above the frozen continent. Meantime, parallel flights took off from Ibanez to gather additional atmospheric data at nearly twice the altitude. Manned by a lone pilot, a Lockheed ER-2, the research version of the high-altitude U-2 spy plane, made twelve sorties into the lower stratosphere, cruising at nearly 70,000 ft., or more...

Author: /time Magazine | Title: The Heat Is On | 10/19/1987 | See Source »

...first fresh literary voice to attract national attention since John Irving finally arrived with The World According to Garp in 1978. McInerney made it faster, with less talent, by being in the right place at the right time. He also had a personal life that ran parallel to his fiction. Bright Lights caused a small stir by caricaturing a magazine that resembled the author's former employer, The New Yorker. The novel's more capitalizing feature was that its hero and his pals were regulars at Odeon and other lower- Manhattan spots that were trendy at the time. The book...

Author: /time Magazine | Title: Books: Yuppie Lit: Publicize or Perish | 10/19/1987 | See Source »

...Neal, in another Motown parallel, is a modern-day Marvin Gaye, able to sing powerfully on both funk jams and ballads. And for Jam and Lewis, accustomed to the frail voice of Jackson or the nonexistent voice of Alpert, a real singer completes the framework they've needed to perfect their sound...

Author: By Jeffrey P. Meier, | Title: The Right Time For Flyte Tyme | 10/9/1987 | See Source »

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