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...party's leadership, deviating from the orbit of socialism, desiring and envying the decadent, bourgeois way of life in the West." These and similar superheated phrases appearing in the Chinese press these days recall the years when the late Mao Tse-tung carried out his frenzied and reckless campaigns for ideological purity in China. Though the more moderate post-Mao leadership in Peking had repeatedly promised not to resume such repression, the official press has recently bristled with attacks on people who are said to hold "corrosive, erroneous ideas" and to fan "aimless, evil winds." Having lived through...

Author: /time Magazine | Title: China: Let a Hundred Flowers Wilt | 9/21/1981 | See Source »

Anyone with enough reckless courage to play the financial futures markets could earn high profits. Activity at this market in Chicago has more than doubled in the past two years. Faced with the risk of even higher interest rates, banks and pension funds have been forced to hedge with financial futures, which are contracts to buy Government securities or foreign currencies at some later date. The speculators are betting that interest rates will go higher rather than lower. If the cost of money goes up, they sell their futures contracts for a good earning. For instance, an investor...

Author: /time Magazine | Title: Profiting from High Rates | 9/21/1981 | See Source »

...found Martin hiding in a stereo cabinet in his mother's house and arrested him on an old assault charge. Free on bail, Martin denies everything. The grand jury will hear more evidence this week. If Martin is charged, it will probably be with a misdemeanor. Two possibilities: reckless conduct and making a false statement to police...

Author: /time Magazine | Title: Texas Tale | 9/7/1981 | See Source »

...mistaking them. Some look like a cake mold capable of turning out angel food for 2,500. Others look like a louvered back door from a tract house in Brobdingnag, or a creature from a 1950s horror movie-the wretched spawn of reckless radioactive experimentation, the amazing colossal sand dollar...

Author: /time Magazine | Title: Video: Earth Stations: Sky in the Pie | 9/7/1981 | See Source »

...giuro agli occhi tuoi/ lo giuro al nostro amor" (I swear it, I swear it/ I swear it by your eyes/ I swear it by our love). Was there ever a prettier oath? It is a form of hero's brag. That may explain why politicians are so reckless with hyperbolic promise. (Douglas MacArthur: "I shall return,'' a wonderful item of mythic public relations.) Like the ancient kings of Mexico, they like to swear that they will cause the sun to rise, the rain to fall, the crops to grow. Spiro Agnew once told the American people...

Author: /time Magazine | Title: Essay: What Does an Oath Mean? | 8/24/1981 | See Source »

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