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Only seven weeks ago, when Special Prosecutor Leon Silverman released a 1,025-page report stating that there was "insufficient credible evidence" to prosecute the Labor Secretary, Raymond Donovan quickly declared that his troubles were over. Not quite. Silverman has reopened his investigation, and TIME has learned that he will present fresh allegations about Donovan's conduct to grand juries in New York and elsewhere...

Author: /time Magazine | Title: Jury Still Out | 8/23/1982 | See Source »

Wall Street's gloomiest forecasters argue that sky-high borrowing costs are literally ruining the business environment for American industry. Says Raymond Dalio of Bridgewater Associates, a Wilton, Conn., economic forecasting firm: "I think we'll see a repeat of the Crash of 1929. The only way we can avoid a further acceleration of failures is to get a substantial break in interest rates accompanied by a sharp increase in economic activity. That has not happened, and that is why I believe we are already in the early stages of a depression." Dalio expects the Dow to drop...

Author: /time Magazine | Title: Wall Street Merry-Go-Round | 8/16/1982 | See Source »

...rule in question, issued in 1977 by the NHTSA under the Carter Administration, required the installation of automatic crash-protection gear starting with large-and medium-size automobiles as of this autumn. Not long after Ronald Reagan took office, NHTSA Administrator Raymond Peck postponed that deadline for a year, claiming that the Government needed more time to study the regulation. In addition, the agency was concerned about the auto industry's deepening financial troubles and was eager to help give automakers at least some relief from the added design and manufacturing costs that would have resulted from installing...

Author: /time Magazine | Title: Bags or Belts | 8/16/1982 | See Source »

...Administration displays awareness of this "pool of patience" in its very arrogance: Stockman is still in office despite his iconoclastic admissions, so is Raymond Donovan, in the face of continuing allegations of gangland associations: and so are William Casey and William French Smith, in spite of disclosure of their financial mixdealings. And there is no sign that James Watt is on the way out, despite the furor over his letter to Israeli Ambassaror Moshe Areins which somewhat to blackmail American Jews into supporting his slash and burn land use policies Reagan seems confident that his adoring fans will forgive members...

Author: By Michael Ketz:, | Title: Shadow Government | 8/10/1982 | See Source »

...retired blade runner, fed up with the brutality of killing human-type creatures, Ford takes the one last big job reluctantly. His path is littered by a Raymond Chandler-esque parodies. Ford, a natural descendent of Chandler's tough but tender-hearted heroes, runs into more than one beautiful killer between shoot-outs. In Blade Runner, however, the ladies' stone-cold hearts are usually a symptom of automation, which takes the edge off the romance. The monotone Sam Spade narration also becomes ridiculous and does little to characterize a hero who relies on frequent drunken debauches to reveal his emotional...

Author: By Clea Simon, | Title: Dull Blade | 7/16/1982 | See Source »

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