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After a lively period of experimentation when MTV was young, record companies have grown more cautious. Some, like CBS Records, have cut back on the number of videos they produce. Others have put a tighter rein on budgets, which average between $50,000 and $100,000 a clip. For all their artistic aspirations, rock videos are intended mainly as promotional tools; by that measure, a low-budget clip of the band in concert may do the job just as well as a more elaborate "concept" video. Says Video Director Wayne Isham: "What's good these days is what sells product...

Author: /time Magazine | Title: Video: MTV Faces a Mid-Life Crisis | 6/29/1987 | See Source »

...bankers may be able to breathe a little easier now, because Dilson Funaro has lost his job. The contentious Brazilian Finance Minister had hoped to pressure foreign banks into drastic concessions on the country's $108 billion in debts. But last week Funaro, who proved unable to rein in Brazil's runaway economy, was dumped by President Jose Sarney in favor of the more pragmatic Luiz Carlos Bresser Pereira, 52, an economist and businessman. Bresser Pereira promptly devalued Brazil's currency 8.5% against the U.S. dollar in an effort to boost export income, which should improve the country's ability...

Author: /time Magazine | Title: BRAZILIAN DEBT: Tough Talker Takes a Walk | 5/11/1987 | See Source »

Cable's pay channels -- primarily HBO, Showtime and Cinemax -- early on discovered comedy as a fertile source of original programming. With no network censors to contend with, stand-up comics had virtually free rein in language and subject matter. Comedy concerts featuring everyone from Rodney Dangerfield to Eddie Murphy quickly became staples of the cable schedule. Comedy series inevitably came next. Some, like Showtime's Brothers and HBO's 1st & Ten, have been only marginally different from routine network fare. But HBO's Not Necessarily the News, now in its fifth year, offers welcome dollops of topical (if frequently toothless...

Author: /time Magazine | Title: Video: Ranting, Raving, Doing the Dishes | 4/27/1987 | See Source »

Ultimately, colleges may be able to do only so much to rein in rising tuitions. With their commitment to speculative scientific research, large faculties and out-of-favor subjects like classics, they may be what University of Rochester President Dennis O'Brien calls "inefficient in principle." For students intent on a name-brand sheepskin, that principle is likely to remain an expensive one, at least for the foreseeable future...

Author: /time Magazine | Title: Education: Facing Up to Sticker Shock | 4/20/1987 | See Source »

...Pontiff continued to speak but at times held his head in sorrow, and later declared, "Love is stronger than hate." After leaving Santiago, John Paul visited six other Chilean cities before departing for Argentina, where church and state are at odds over government efforts to legalize divorce and rein in trade unions...

Author: /time Magazine | Title: Chile Bearer of Unwelcome Tidings | 4/13/1987 | See Source »

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