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...serves as a central conduit for the trillions of yen pouring out of Japan in search of bigger, better returns. Last year, when Japan had a trade surplus of $96 billion, its net purchases of foreign securities amounted to $88 billion, up from $4 billion in 1980. The largest portion of that outflow used to go into U.S. Treasury securities, but increasingly the Japanese are buying foreign stocks and bonds. They are also acquiring overseas companies and real estate. And no matter what type of play a Japanese investor wants to make, Nomura stands ready to help...

Author: /time Magazine | Title: Special Report: Japan's Nomura: Yen Power Goes Global | 8/8/1988 | See Source »

...represents the lower-class, largely Black citizens who see the drug problem arising from economics. The other speaks for the wealthy, largely white portion of the country whose safety is threatened by drugs and drug-related crime. But such distinctions are usuallly glossed over when the drug problem is put up for discussion. Just the other day, two prominent experts on the drug epidemic appeared on a local television show and concurred that drug use was not a political problem, but rather a "people problem...

Author: By David J. Barron, | Title: The Search for Czars | 8/2/1988 | See Source »

...that the sale of sex did indeed flourish in a time when the Pope condemned everything from fornication to chastity. In an era in which the Church dictated what sexual positions pregnant women under the age of 25 could assume, the women of the night were the hardest working portion of the labor force in the cities and towns. Rossiaud analyzes the reasons for prostitution's longevity despite prohibition's on its existence...

Author: By Katherine E. Bliss, | Title: The Politics of Medieval Prostitution | 7/29/1988 | See Source »

...upset by scenes in which Christ (Willem Dafoe) is shown as tormented and self-accusatory ("I lied, I am afraid. Lucifer is inside me") and in which he persuades Judas (Harvey Keitel) to betray him because it is God's plan. But what has them fuming is a portion of a final dream sequence -- meant to be Christ's hallucination while on the cross -- in which Jesus is shown briefly engaged in sexual relations with Mary Magdalene, played by Barbara Hershey...

Author: /time Magazine | Title: Religion: Days Of Ire and Brimstone | 7/25/1988 | See Source »

...than the rest of the population, according to a survey commissioned by Univision, a Spanish-language network -- been courted more aggressively by mainstream TV? One reason may be the proliferation of Spanish-language TV stations (130 outlets broadcasting full or part time in Spanish), which have siphoned off a portion of the available audience. The Nielsen ratings, some charge, have long underestimated the Spanish-speaking audience, thus giving the networks less incentive to program for it. Equally problematic is the dearth of Hispanic writers and producers who have the experience or clout to get their projects made...

Author: /time Magazine | Title: Video: Awaiting A Gringo Crumb | 7/11/1988 | See Source »

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