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...another cycle of suddenly-rich-and-famous rock performers: What is a boy to do when his splenetic-loser shtik wins him magazine covers and huge record contracts? How to deal with the heartbreak of success? By growing up. It happens. According to John Lennon's friend and producer Phil Spector, the edgy Beatle regularly joked about losing his edge. ''John would say, 'Jesus, Phil -- we're startin' to sound like our f--- parents...

Author: /time Magazine | Title: SPECTATOR ROCK AND ROLL DEJA VU | 7/21/2008 | See Source »

...until the country began to show signs of serious / economic reform. The Administration firmly maintains that Mexico cannot simply make domestic cuts, as it did during its debt crisis in 1982, but must swallow its pride and open itself up to more free trade and foreign investment. Said Senator Phil Gramm, chairman of the U.S.-Mexico Inter-Parliamentary Committee, last week: ''If they do what needs to be done, they won't need our help. If they don't, there isn't enough money to help them.'' According to one American official, the U.S. might provide financial assistance more readily...

Author: /time Magazine | Title: MEXICO DEAD MEN DON'T PAY UP Almost everything is going wrong at the same time | 7/21/2008 | See Source »

...perhaps the television coup of the season. Live on the Phil Donahue show last Tuesday, a call was placed to Butterworth Hospital in Grand Rapids. Looking on were Donahue's guests for the day: the parents of a California infant known as Baby Jesse, who desperately needed a heart transplant. A spokeswoman for the hospital got on the line and was persuaded to reveal the impossibly good news: ''We are donating a heart to the baby,'' she declared. The cameras closed in on Jesse's stunned parents as they broke into cries of joy, smiles and tears. The audience went...

Author: /time Magazine | Title: OF TELEVISION AND TRANSPLANTS An infant's life is saved, but TV's role raises questions of fairness | 7/21/2008 | See Source »

...course, after Gramm let slip his inconvenient truth, McCain publicly rejected the notion that our economic pain is in our heads. So did Barack Obama, who quipped that America doesn't need another Dr. Phil. They've got a point too. Unemployment, inflation, a $9 trillion national debt and $4-per-gal. gas are very real phenomena. It's no mere figment of our imagination that prices are rising at their fastest rate in 27 years. It also just so happens that IndyMac really was dangerously overextended. The panic was ultimately justified...

Author: /time Magazine | Title: Confidence Game. | 7/17/2008 | See Source »

...Murcer was the best player on some middling Yankee teams of the late '60s and early '70s. In 1983, George Steinbrenner gave Murcer a full 30 minutes to decide if he wanted to end his playing days to move into the booth. He wisely accepted, teaming with the late Phil (Scooter) Rizzuto to form one of the best buddy acts in broadcasting...

Author: /time Magazine | Title: Bobby Murcer | 7/17/2008 | See Source »

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