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...developments suggested that much more fraud may emerge in the near future as the misdeeds of the gilded '80s are uncovered and brought to justice. What is encouraging, however, is the way in which many law-enforcement agencies are conducting the cleanup with a newfound toughness and technical skill. Among the developments...

Author: /time Magazine | Title: Fraud, Fraud, Fraud | 8/15/1988 | See Source »

...strained quality, the joint appearance kicked off the convention with a welcome display of solidarity and a concrete example of Dukakis' managerial ability. More than anything he has said during the 64 weeks since he announced his candidacy, the skill that Dukakis showed in healing the rift with Jackson indicated what type of President he might be: tough yet pragmatic, cool yet involved, a negotiator more than a crusader. Without making any painful concessions, Dukakis had won his rival's support. Jackson, meanwhile, finally got from Dukakis and the rest of the Democratic leadership what he had struggled...

Author: /time Magazine | Title: The Democrats Reaching Common Ground | 8/1/1988 | See Source »

Moreover, there are not so many low-wage jobs as there used to be. In today's postindustrial economy, the majority of positions require more education and skill than ever before. As a result, the number of minimum-wage earners has dropped from 12.8% of all hourly workers in 1981 to 7.9% in 1987. Yet these jobs represent stepping-stones for many people trying to climb out of the economic underclass. A hike in the minimum wage, many economists point out, would eliminate opportunities for people who are less well educated or just entering the job market. Low-paying training...

Author: /time Magazine | Title: The Incredible Shrinking Paycheck | 8/1/1988 | See Source »

What is telling, however, is the way the Democrats seem to have papered over doctrinal disputes. Dukakis is the party's first postliberal nominee: he blends thrift, managerial skill, social tolerance and a nonbellicose foreign policy with the Democratic mantra of "Good jobs at good wages." By anointing Bentsen last week, Dukakis further complicated the game of pin-the-label-on- the-donkey. With his centrist, probusiness views, Bentsen is a preliberal, a throwback to the days of the Solid South, when Democrats were created by birth, not belief. Thus the party that ruled almost uninterrupted during the Great Liberal...

Author: /time Magazine | Title: The Democrats The Party's New Soul | 7/25/1988 | See Source »

Interestingly, there does exist an animal called the giant rat of Sumatra, just as there does exist a beast called racism. Those facts (that the creatures actually exist) have nothing to do, however, with the art of telling horror stories and lies. That skill has its earliest development in the imagination of children, standing in front of angry parents and frantically inventing alibis. Sometimes children are brilliant...

Author: /time Magazine | Title: Essay: Tawana And Her Three Wise Men | 7/4/1988 | See Source »

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