Word: parent
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Dates: during 1980-1989
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...comfortable with it, but culturally what we get are caricatures," argues Carole Klein, a longtime observer of the dynamics of family relationships. Klein, 48, who shuttles between running group counseling sessions for women in New York City and writing about psychology and sociology, is the author of The Single Parent Experience (1973), The Myth of the Happy Child (1975) and, this year's Mothers and Sons (Houghton Mifflin...
...Well, he can always walk into the store and say, "Charge it." Buffums, a Southern California department-store chain with 15 outlets, now offers children's charge accounts. The store requires no minimum age or source of income. The precocious applicant need only find a parent or guardian with a good credit rating to co-sign the application and guarantee any debts. The Buffums card is identical to ones the store issues to adults, as are the payment terms and interest charges. The sole difference is that cardholders under 18 are generally limited to a $200 line of credit...
Charles Knapp, whose passion for vintage planes and daredevil business tactics earned him the nickname Red Baron, bailed out last week as chairman of California's troubled Financial Corp. of America (assets: $32.7 billion). The company is the parent of American Savings and Loan Association, the nation's largest thrift institution. Knapp says that he resigned voluntarily, but many industry observers believe he was pressured to leave by the Federal Home Loan Bank Board, which regulates S and Ls. Knapp's biggest mistake was to make too many fixed-rate loans that became unprofitable when interest rates...
...that was only part of the bad news that has been jolting F.C.A. The company, which is the parent of American Savings & Loan Association, the largest U.S. thrift institution, may be facing liquidity problems. Last month institutional investors, worried by the company's lower earnings and regulatory problems, withdrew $1.4 billion in deposits, forcing F.C.A. to borrow emergency funds from the Federal Home Loan Bank in San Francisco. Coming just three weeks after the $4.5 billion federal bailout of Chicago's Continental Illinois Bank, the troubles at F.C.A. were particularly unsettling to financial circles. After Knapp...
...scene today is its deliberate shunning of the often-phony themes of that genre--anger and rebellion. Instead, they tap a feeling usually associated with less subversive types of music--pain. In "Broken Home. Broken Heart," Mould sings of the pain of a broken home; on "Whatever," of parent-child misunderstanding. Either way, his howls of anguish sound genuine, with a passion that leaves the listener thinking of Ray Charles rather than punk. Even the album's one great footstamper--Hart's "What's Going On"--stands as a cry of frustrated bewilderment...