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Happy borrowers and disgruntled savers are among the winners and losers of Washington's singular reliance on interest-rate cuts as the main tool of economic policy. With the federal deficit expected to reach $350 billion in 1992, politicians are reluctant to cut taxes or increase spending in a way that would spill even more red ink. That leaves low rates as Washington's preferred prescription for increasing consumer spending and stimulating business growth...

Author: /time Magazine | Title: The Economy Down and Dirty | 11/25/1991 | See Source »

...America. It was the nation's profile, assembled on that singular shelf of California land. Men with rich memories from a quarter-century at the pinnacle of power came together to genially exaggerate their affection for one another and to welcome Reagan to full status in the select library fraternity. Never before had five Presidents been on the same platform. There was a kind of sad joy on that parched hilltop 2,700 miles west of the real Oval Office. It was a perch of aging eagles. History made, history remembered, history fading...

Author: /time Magazine | Title: The Presidency A Gathering of Eagles | 11/18/1991 | See Source »

...Toni Morrison is one of those writers whose first person singular contains multitudes," Heaney said...

Author: By Julian E. Barnes, | Title: Celebration Begins With Arts | 10/18/1991 | See Source »

...something more than personal success colors Coolidge's satisfaction. Though Rambling Rose is a singular artistic achievement, it should not be regarded as one that is singular professionally. For Coolidge, as well as for many of her female peers, this is the good news. Rose is merely one in a rush of major movies directed by women that have been released in the past couple of months, and it presages an equal number of equally significant films by women that will soon arrive at theaters...

Author: /time Magazine | Title: Hollywood's New Directions | 10/14/1991 | See Source »

...music will sound familiar to anyone who has a long memory and an affection for tradition. It has shades of folk, honky-tonk, urban blues and revisionist country, but all of it can be called highly personal rock 'n' roll. These tunes have passion, intimacy and a shared but singular voice: the voice of the new troubadours...

Author: /time Magazine | Title: The New Troubadours | 8/12/1991 | See Source »

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