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...more frightening for depositors are bank failures, which have risen sharply in the deregulatory era. Last year 138 banks collapsed, a post- Depression record, and as many as 200 are expected to go under this year. One reason for the shake-out is that the high cost of attracting deposits has forced banks to seek higher-paying, and thus riskier, loan ventures. What bankers think they need to survive amid the financial-services hurly-burly is even more deregulation, namely the repeal of the Glass-Steagall Act, the Depression-era law that forbids them to underwrite securities. Opposing that proposal...

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

...dictatorship!) and "Hohun Tado!" (Down with the decision not to amend the constitution!). The latest scandal in the confrontation belongs to the government: police admitted they had tortured to death a Seoul University student during interrogation and then tried to cover up the incident, prompting Chun last month to shake up his Cabinet...

Author: /time Magazine | Title: South Korea: Under Siege | 6/29/1987 | See Source »

...hemlines. Witness the advice given to parents by Psychologist John B. Watson in his influential 1928 handbook Psychological Care of Infant and Child: "Never hug and kiss them, never let them sit in your lap. If you must, kiss them once on the forehead when they say good night. Shake hands with them in the morning...

Author: /time Magazine | Title: Living: Is Day Care Bad for Babies? | 6/22/1987 | See Source »

...period was relatively calm, at least compared to the turmoil that would shake the University and the nation in the next decade. Yet, 1952 was the height of the McCarthy Era, and certainly politics must have played a role in the student population's embracement of Pogo. The Crimson already had a reputation for defying the establishment, as it was in the fourth year of publishing its "Academic Freedom Reports," which detailed stories of scholars around the country persecuted because of their political views...

Author: By Julie L. Belcove, | Title: Looking Back 35 Years: The 'Possum Caused a Riot | 6/9/1987 | See Source »

...Seoul National University student, Park Chong Chul, 21, suffocated in January while police were dunking his head in a bathtub during interrogation. Last week that death, and the cover-up scandal that followed it, forced President Chun Doo Hwan to shake up his Cabinet. He dumped Prime Minister Lho Shin Yong, the Ministers of Justice and Home Affairs and Chang Se Dong, head of the state security agency...

Author: /time Magazine | Title: South Korea: Cover-Up, Then A Shake-Up | 6/8/1987 | See Source »

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