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...first sour note was struck when Dole appeared beside Ronald Reagan in the White House to announce halfheartedly that he would support the INF missile treaty. Dole has been waffling on the treaty in an attempt to appease G.O.P. right-wingers, while Bush loyally endorsed the deal. Reagan, who needs the backing of Senate Republicans to ratify his treaty, was in the awkward position of seeming to boost Dole's faltering campaign...

Author: /time Magazine | Title: Bush Stumbles As Dole scores with Reagan | 12/28/1987 | See Source »

...shaky side of the balance sheet for today's banks is not necessarily deposits but loans. The U.S. banking industry is saddled with $59 billion worth of sour loans made to a lengthening list of troubled borrowers: developing countries, farmers, takeover artists, real estate developers, oil drillers and spendthrift consumers. While most U.S. banks can handle bad debts during good times, a recession would turn a quiet problem into a grinding one. Many more borrowers could go over the brink, along with their banks. The resulting rash of federal bailouts could strain the Government's deposit- insurance system and even...

Author: /time Magazine | Title: Bleak Year For the Banks | 12/28/1987 | See Source »

Nitze was an early supporter of Jimmy Carter for President. But their relationship turned sour when Nitze gave Carter a hair-raising briefing on the Soviet threat in Plains, Ga., in July 1976. Recalling that meeting, the former President told TIME, "Nitze was typically know-it-all. He was arrogant and inflexible. His own ideas were sacred to him. He didn't seem to listen to others, and he had a doomsday approach." Carter barred him from consideration for a senior post...

Author: /time Magazine | Title: Arms and the Man: Paul Nitze | 12/21/1987 | See Source »

...this one. Not even with Hollywood's premier actor-stars, Jack Nicholson and Meryl Streep, as Francis and Helen. And not even with Kennedy writing the screenplay. He must have known that the novel's sour, allusive poetry -- part James Joyce, part James T. Farrell -- would get lost in translation to the screen. He must have realized that Francis' life is significant not for what he does but for what he dreams and fears. But a movie like this, which concentrates on mundane plot, can only show, not reveal. As directed by Hector Babenco (Pixote, Kiss of the Spider Woman...

Author: /time Magazine | Title: Cinema: Slumming in The Lower Shallows IRONWEED | 12/21/1987 | See Source »

...performers are tops, from Jack Nicholson as the sour, imposing anchorman who strides through a newsroom decimated by layoffs muttering, "and all because they couldn't program Wednesday nights," to the three principals. Actor-Auteur Albert Brooks (who cast Jim Brooks -- no relation -- in his own second film, Modern Romance) is the all-time appealing schlemiel, notably in a laugh-nightmare when he anchors the network news and sweats his career down the tubes. (Says one appalled technician: "This is more than Nixon ever sweated.") Hurt is neat too, never standing safely outside his character, always allowing Tom to find...

Author: /time Magazine | Title: Cinema: A Season Of Flash And Greed | 12/14/1987 | See Source »

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