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...economic measures appear to have more enthusiastic backing among white-collar workers. "We've just become self-sufficient and have been promised pay increases," says a tall, well-dressed woman who works for a shoe-repair shop. "We'll be expected to do more for our money, of course, but we're all for that. I'm saving for the first time in my life." A middle-aged administrator in a Moscow carpet factory agrees that there has been visible change under Gorbachev. "People think what they're doing is more worthwhile," he says. "Russians were never given the chance...

Author: /time Magazine | Title: Can Mikhail Gorbachev Bring It Off? | 7/27/1987 | See Source »

...first boom time for rule writers came during the Great Depression of the 1930s. At the urging of President Franklin Roosevelt, Congress commissioned ranks of regulators to repair the economic damage and prevent its recurrence by monitoring banks, stockbrokers and other businesses. Among the new watchdog agencies were the Federal Deposit Insurance Corp. (1933), the Securities and Exchange Commission (1934) and the National Labor Relations Board (1935). When regulatory legislation was first challenged, a conservative Supreme Court thought the Constitution did not provide the authority for such federal meddling, but Roosevelt's appointment of more liberal members...

Author: /time Magazine | Title: Rolling Back Regulation | 7/6/1987 | See Source »

...safe to go back in the water, marine biologists have charted some capricious changes in the feeding habits of sharks. In the past two years, sharks have repeatedly attacked the new 1-in. fiber-optic telephone cable off the Canary Islands. The marauding is expensive: an average cable repair is laborious and costs at least...

Author: /time Magazine | Title: Science: Abstracts Fiber-Optic Feeding Frenzy | 6/22/1987 | See Source »

What is it about fiber-optic cable? Marine biologists accompanying the repair teams have tried to find out. Along the way, they have learned that sharks generally do not feed below 3,000 ft., thus making it unnecessary to protect cable below that depth. They have also discovered previously unknown species of fish. But they still do not know why the new cable is so appealing. The favored theory: sharks attack the lines after detecting faint electric fields that trigger a feeding reflex. "Who knows why they are attracted to it?" muses Gary Nelson, chief of ichthyology at the American...

Author: /time Magazine | Title: Science: Abstracts Fiber-Optic Feeding Frenzy | 6/22/1987 | See Source »

...Party Leader Mikhail Gorbachev's reforms, legalizes businesses in 29 fields, including plumbing, carpentry, dressmaking, auto repair, tutoring and toymaking. Specifically excluded are such obviously dangerous activities as making drugs and weapons. Also prohibited is the politically risky business of publishing. Workers cannot be hired for these private enterprises, thus the staffs are limited to family members...

Author: /time Magazine | Title: Soviet Union Inching Down the Capitalist Road | 5/4/1987 | See Source »

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