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...believe in the theater," said the new Baron of Brighton in his maiden speech to the House of Lords in 1971. "I believe in it as the first glamourizer of thought." That was the theater to Laurence Olivier, and that was Olivier to all who fell under the glamorous spell he wove. More immediately and lastingly than any other modern actor, Olivier picked words off the playscript page, flung them passionately into the dark and secured them in the minds of theatergoers. Brilliance, for once, had its rewards. As critic Kenneth Tynan proclaimed in 1966, "Laurence Olivier at his best...

Author: /time Magazine | Title: Laurence Olivier: 1907-1989: Absolutely An Actor. Born to It | 7/24/1989 | See Source »

While the bailout plan may reassure S & L depositors, the tough capital requirements will spell trouble for many marginal thrifts. James Barth, chief economist of the Federal Home Loan Bank Board, which regulates S & Ls, estimates that 674 thrifts, or almost one-fourth of all federally insured U.S. savings institutions, would fail to meet the new capital standards. As a result, many thrifts would be forced to liquidate or combine with healthier institutions...

Author: /time Magazine | Title: Don't Touch My Bailout | 6/26/1989 | See Source »

...advice for viewers of Earth Girls Are Easy, the movies' first postmodernist musical comedy. This divine diversion is best approached in a fruit-cocktail state of mind. With its amiable aliens getting their pop culture out of a TV set and its hydraulic surf bunnies singing "I can't spell VW but I got a Porsche, / 'Cause I'm a blond," Earth Girls sounds like a quick mix of E.T. and Beach Blanket Bingo. But it's really a revved-up tribute to postwar Hollywood style: the vulgar vitality, the supersaturated colors, the new aristocracy of teen taste. Gaud...

Author: /time Magazine | Title: Cinema: A Tasty Hi-Cal Pop-Tart to Go | 5/15/1989 | See Source »

...only in the lace-valentine heart of a young Walt Disney. And the tactic works best when applying a cartoonist's paintbrush to a world that is fiction, on- and offscreen. Disney-MGM Studios marries movies to theme parks with the astuteness of Hollywood's hottest studio and the spell of a professional dream weaver. Here the men are strong and the women beautiful; the moral choices are in glorious black and white; and the ending is always happy...

Author: /time Magazine | Title: Travel: You're Under Arrest! | 5/8/1989 | See Source »

When the deal unraveled, lawyers for Eastern's creditors blamed Lorenzo and the unions for fumbling the question of who's in charge. But union lawyers said creditors had blocked the deal because they felt it did not spell out how Eastern would repay its debts...

Author: /time Magazine | Title: Where's My Escape Hatch? | 4/24/1989 | See Source »

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