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...Silva Herzog, calls for Latin borrowers to pay a level of interest tied to the rates on bank certificates of deposit, currently about 11½%. This would give debtors a break of about 2½%, worth some $7 billion annually, while still allowing the banks to make a slight profit on the loans. Though bankers as a group will find these proposals hard to accept, at least one leading financier buys the idea. Even before last week's meeting, Terence Canavan, head of Chemical Bank's Latin American operations, said that "the time has come for lower rates...

Author: /time Magazine | Title: The Gathering Storm | 7/2/1984 | See Source »

...Annie is fine except for a slight learning disability," one mother wrote. "Charlie was stuffing Cracker Jacks up his nose today with Carey Allen's assistance. They tried shaving a couple of months ago. Between the school's Halloween carnival (chairmanship, of course), a pumpkin pie in the oven and the twins, here is a very big thank you. I am selfish, I certainly swear, and we sure laugh a lot!" -By John Skow. Reported by William McWhirter/Phoenix

Author: /time Magazine | Title: Erma in Bomburbia: Erma Bombeck | 7/2/1984 | See Source »

...take. They note that Mondale led Hart in the popular vote 4.9 million to 4.5 million. Even in California, estimates of the untabulated raw votes by candidate had Mondale running close. California, like New Jersey, has a process in which delegates are elected directly by districts. Even a slight edge in popularity is usually enough to sweep a district, since voters tend to pick a candidate's full slate of delegates...

Author: /time Magazine | Title: Over the Top, Barely | 6/18/1984 | See Source »

...intelligence, the Allied Invadors were expected to strike in the Pas-de-Calais, not in Normandy. Stuttgart Mayor Manfred Rommel, whose father Field Marshall Erwin Rommel commanded the German Atlantic defenses, called D-day "one of the various great defeats in history." But Rommel felt no sense of slight. Reminding West Germans that "it was better to lose the war with Hitler than to win it with Hitler," he said, "I think it's quite in order that the Allies have their celebration...

Author: /time Magazine | Title: Feeling the Stigma | 6/18/1984 | See Source »

...there is disagreement about Opus Dei, al though three top-ranking Cardinals are counted among its strong supporters. One veteran official in Rome says there is "a sharp division" at his congregation (a Vatican Cabinet ministry) between defenders of Opus Dei and doubters. He guesses the doubters are a slight majority...

Author: /time Magazine | Title: Religion: Building God's Global Castle | 6/11/1984 | See Source »

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