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...Captain Midlife has never got it into his thick if frangible skull that his life is exactly where it is, consisting of a loving wife, three loving children and a loving dog, which, while no Westie, has much fine oddness to recommend it. Well, sometimes he understands this, and sometimes he does not. When he does not, his mind packs up its belongings and sets sail like Ulysses (the very first Captain Midlife), hopping from port to port, dreaming up a storm. The Captain knows too well what the voyage of Ulysses was all about. Circe gives the old come...

Author: /time Magazine | Title: Essay: Captain Midlife Sends a Valentine | 2/15/1988 | See Source »

Some good folks have been stirring on this problem under the guidance of Harvard's Carl Brauer, a student of presidential transitions. He tapped 150 people from the past nine Administrations, Roosevelt to Reagan, to recommend how Presidents should go about getting the right people to serve and stay. Lyndon Johnson's senior appointees hung around only 2.8 years on the average. The Reagan average is down to two years. One-third of all the senior appointees of the past 20 years served a mere 1.5 years or less. Even a casual observer must ask just what they...

Author: /time Magazine | Title: The Presidency: Winning vs. Wielding Power | 2/15/1988 | See Source »

Nearly everyone who has called for financial reforms in the aftermath of Black Monday has a common item to recommend: tighter controls on stock-index futures. These relatively new instruments, which enable buyers to place bets on the up-and-down movements of the stock market as a whole, have been accused of intensifying the market's mood swings. But a turf battle has erupted between two Government agencies over which one deserves the right to crack the whip. Should it be the Commodity Futures Trading Commission, which presides over futures trading in soybeans and pork bellies, or its sister...

Author: /time Magazine | Title: Who Will Rule the Futures? | 2/15/1988 | See Source »

This was an attempt to sway overseers from voting to recommend that Harvard divest of its holdings in companies that do business in South Africa. The Board is elected by alumni to represent them, and advises the Corporation mainly through its visiting committees which evaluate the University. The Corporation's sudden interest in governance shows its concern over the Board's movement toward an activist role in the University...

Author: NO WRITER ATTRIBUTED | Title: Lobbying One's Own | 2/11/1988 | See Source »

...with a healthy competitor. They thus joined forces in applying to the Justice Department for approval of a "joint operating arrangement." Testifying at a hearing last August, Knight-Ridder Chairman Alvah Chapman backed up the proposal with a harsh ultimatum: unless the Justice Department approved the J.O.A., he would recommend that Knight-Ridder "close down the Free Press and dispose of its assets...

Author: /time Magazine | Title: Press: A Game of Chicken in Detroit | 2/1/1988 | See Source »

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