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...story about integration, Waters smartly miscegenated two irreconcilable film genres: the message movie and the teen flick, or Sam Arkoff meets Stanley Kramer. To update the genre to the 80s, it was John Waters doing John Hughes, but with his own road map. No Molly Ringwald needed; Ricki Lake, in her motion picture debut as Tracy, is the dream image of every girl who has ever craved that eighth Twinkie. No teen realism here, just a romp through the pastel homes and matching mother-daughter outfits of a more naive era. No anxious parental conflict, at least when Tracy...

Author: /time Magazine | Title: That Old Feeling: Let Us "Spray" | 10/7/2002 | See Source »

...currency bonds to five levels below investment grade, making it even more difficult for the government to borrow money and putting additional pressure on Brazil's foreign currency reserves. This despite the fact that many of the fundamentals remain sound: Although this year's growth figure predicted by Morgan Stanley is a sluggish 0.6 percent, Brazil has managed to maintain a healthy level of exports - an annual $70 billion's worth, an amount 75 percent higher than its current level of foreign currency reserves...

Author: /time Magazine | Title: A Socialist's Plan to Save Brazilian capitalism | 10/4/2002 | See Source »

...well-traveled off-Broadway theatergoer these days is starting to feel like a voyeur in a Chelsea bathhouse. In just the past few months, we have had a naked Frankenstein's creature (Monster), a naked undercover cop (Blue Surge) and naked just about everybody (Mnemonic). Edie Falco and Stanley Tucci play a full-frontal nude scene at the start of the Broadway revival of Terrence McNally's Frankie and Johnny in the Clair de Lune. (Falco covers up fairly quickly, but Tucci flounces around for another five minutes.) Now entering its third year off-Broadway is Naked Boys Singing...

Author: /time Magazine | Title: THEATER: Full-Monty Fever | 9/30/2002 | See Source »

...times find their debt harder to repay if they get a further cut-a terrible prospect in this period of record credit-card bills. Deflation has devastated Japan since its 1980s bubble burst. "But you don't need to be Japanese to worry about it," says Stephen Roach, Morgan Stanley's chief economist. Now that the American and European stock bubbles have popped, Western economies are feeling similar pressures. August inflation in the U.S. was only 1.8% and in Germany only 1%, both dangerously low. Yet central banks continue to base their policies on avoiding high inflation. They...

Author: /time Magazine | Title: Time to Break a Lance on Deflation? | 9/29/2002 | See Source »

...Maloney hoped to gain from concerns about corporate greed when local hardware company Stanley Works considered reincorporating in Bermuda to reduce taxes. He sponsored a bill to end the practice. Johnson countered with one that would put a three-year moratorium on such moves. Johnson's g.o.p. colleagues on the Ways and Means Committee then tried to block Maloney from testifying for his bill...

Author: /time Magazine | Title: Goliath vs. Goliath | 9/23/2002 | See Source »

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