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...plug in his computer terminal and sharpen his pencils before the first crisis. To a remarkable degree, everything was going Alan Greenspan's way, as the nominee prepared for the Herculean job of succeeding the retiring Paul Volcker. The Dow Jones industrial stock average zoomed to a new peak of 2572.07. The dollar, which had spent much of the past two years in a free fall, seemed to be holding its own. After hearings that Wisconsin Democrat William Proxmire described as a "love feast," the 20 members of the Senate Banking, Housing and Urban Affairs Committee voted unanimously to recommend...

Author: /time Magazine | Title: A Delicate Balance | 8/10/1987 | See Source »

...country's intellectual and cultural life. In the human-rights field, scores of political prisoners have been freed and the rate of Jewish emigration has been increasing -- to 3,092 for the first half of this year, up sharply from last year's level but far below the peak...

Author: /time Magazine | Title: Can Mikhail Gorbachev Bring It Off? | 7/27/1987 | See Source »

Across the continent in Hyannis, Mass., Denny's Restaurant closed before the start of what should have been its peak season. It needed at least 70 employees to serve the summer crowds flocking to Cape Cod, but was able to hire only 13. A nearby Stop & Shop Supermarket found six cashiers only by recruiting in New Bedford, Mass., 40 miles away. The store will send a van to pick up the six every morning and drive them back at night, and the company will pay the employees time and a half for their two hours of daily travel...

Author: /time Magazine | Title: Behind The Help-Wanted Signs | 7/20/1987 | See Source »

...little secrets" of the airline industry are out in the open and stirring unprecedented public outrage. In the increasingly overcrowded skies, snafus that threaten safety are on the rise, and everyday service is deteriorating. As more than 100 million U.S. travelers take to the air during this year's peak summer travel season, the Federal Government is recording a surging number of delayed flights, near midair collisions and air-traffic- control errors. The airlines, on the defensive as never before, are scrambling to improve conditions in the hope of easing a growing indignation in Congress and thus heading...

Author: /time Magazine | Title: High Anxiety and Rage | 7/20/1987 | See Source »

...millions of travelers take to the air during the peak summer travel season, the Government is recording a surging number of consumer complaints, delayed flights, near midair collisions and air- traffic- control errors. The airlines are scrambling to improve conditions in the hope of easing growing indignation in Congress. -- Scandal dethrones the ZZZZ Best carpet- cleaning king...

Author: /time Magazine | Title: Time Magazine Contents Page | 7/20/1987 | See Source »

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