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...good news at the gas pump masked underlying trends that were less encouraging. The prices of non-energy items rose .3% in March. Medical costs led the way, with a 1% increase. Experts expect energy prices to flatten out soon and thus predict that inflation will rise from the grave. Washington Economist Michael Evans, for example, forecasts that consumer prices will rise at a 5% annual rate during the second half of 1986. INVESTING Distant Stocks, Instant Trades...

Author: /time Magazine | Title: Business Notes: May 5, 1986 | 6/21/2005 | See Source »

Some seasoned reporters, more used to Soviet stonewalling, were bewildered by the new style. At one press briefing, an American reporter rose to ask the Soviets if they had a reason for the almost total lack of criticism of anything American. With a combination of irony and seriousness, the Soviet spokesman replied, "If you have any need for criticism, we can give you an exclusive interview...

Author: /time Magazine | Title: Soviet Spin Control | 6/21/2005 | See Source »

DIED. Hal B. Wallis, 88, wide-scoped film-maker who rose from the ranks at Warner Bros. to become one of Hollywood's most durable, successful producers and whose more than 400 movies included lame-brained vehicles for Elvis Presley and Jerry Lewis as well as such classics as Little Caesar (1930), The Maltese Falcon (1941), Casablanca (1942), The Rainmaker (1956) and True Grit (1969); of complications from diabetes; in Rancho Mirage, Calif. A moviemaker without eccentricities who could cut a deal as deftly as he cut a film, Wallis hid under his phlegmatic manner a keen intelligence...

Author: /time Magazine | Title: Milestones: Oct. 20, 1986 | 6/21/2005 | See Source »

...three games. But caution is not his style, and he attacked in the first part of Game 22. The next day a rapt Leningrad audience watched as officials revealed the move Kasparov had decided on before adjournment the previous evening: a knight's assault on the king. The crowd rose and cheered as they realized that the tactic almost certainly guaranteed victory. The last two games were draws, making the final score 12½-11½. Last week after the 23rd game, when Karpov's defeat had become inevitable, the two men shook hands and chatted briefly. It was the first...

Author: /time Magazine | Title: Sport: Marathon of the Masters | 6/21/2005 | See Source »

...head scratching followed the international success of The Name of the Rose during the early 1980s. People whose business it is to foresee what books the public will buy were stumped; who would have predicted blockbusterdom for an abstruse murder mystery set in a 14th century monastery and written by an Italian professor of semiotics? Experts could console themselves with the thought that Umberto Eco's worldwide triumph was a once-in-a-lifetime aberration. Now, even that cold comfort seems endangered. Perfume: The Story of a Murderer is about to hit the English-speaking world after a dazzling debut...

Author: /time Magazine | Title: Books: The Nose Knows: PERFUME | 6/21/2005 | See Source »

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