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...setting was historically apt. Until the Civil War, the ornate and intimate Old Senate Chamber, its dark wooden desks arranged in semicircles, rang with the spirited oratory of Daniel Webster, Henry Clay and John C. Calhoun. Last week, when the Senate's 53 Republicans gathered in the museum-like room to elect their leader for the next two years, the forensics were apparently no less rousing. Kansan Robert Dole claimed to be thoroughly persuaded by the speech his nominator, John Danforth of Missouri, made on his behalf. "It was so impressive," Dole quipped, "that I ended up voting...

Author: /time Magazine | Title: A Declaration of Independence | 12/10/1984 | See Source »

...long-shot risks. Reed's hits and misses during his career have both been spectacular. In 1980 and 1981 he showered the country with 26 million letters inviting consumers to apply for Visa cards. Many of them fell into the wallets of poor credit risks, and Citicorp rang up some $75 million in bad debts. Nonetheless, Reed's bold push into consumer banking, which included blanketing New York City with ATMs, was ultimately successful. The bank's consumer division went from a loss of $79 million in 1980 to a profit of $202 million last year...

Author: /time Magazine | Title: Banking Takes a Beating | 12/3/1984 | See Source »

...deeply skeptical when George Bush pounds his first on the podium and says the Administration won't stop until the recovery reaches every single American. In his passionate defense of the Reagan record, Bush rang out on Thursday night, but he rang hollow...

Author: NO WRITER ATTRIBUTED | Title: The George and Gerry Show | 10/17/1984 | See Source »

...State's slaggardly approach-fully shared by the Soviets-toward making do with its adversary. Reagan mouthed all the right words in his peacenik-comelately rounting before the U.N. General Assembly, but to those who have been watching with some discrination the foreign policy deeds of his Administration, they rang hollow. A brief capsule of this history is highly instructive...

Author: NO WRITER ATTRIBUTED | Title: Unwilling Talkers | 10/3/1984 | See Source »

When the afternoon bells rang on the floor of the Chicago Mercantile Exchange, the clamorous trading in financial futures used to come to an abrupt stop. Until last Thursday, traders were forced to wait until the next day to carry out deals triggered by late-breaking economic developments. But in a historic move, the Merc last week opened a late shift running from 8 p.m. to 2 a.m. This was accomplished by electronically Unking Chicago trading with a futures exchange in Singapore, which is 14 hours ahead of Central Standard Time. The connection allows traders in both cities to make...

Author: /time Magazine | Title: Financial Futurities: Making a midnight Deal | 9/17/1984 | See Source »

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