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...most prominent men in Pennsylvania, young William is engaged to the daughter of a wealthy physician--and one of Benjamin's political enemies. Before the wedding can take place, the father imperiously takes his son off to London in 1757. Reading law at the Inns of Court serves to strengthen the young student's monarchist tendencies. Moreover, the circumstances of his birth only serve to deepen William's belief in British law. Observes Randall: In 1758, "William Franklin, bastard son of a provincial printer, was called to the English bar . . . In every sense, William had become an English gentleman...

Author: /time Magazine | Title: Books: A Collision of Genes and Temper :A Little Revenge: Benjamin Franklin and His Son | 1/14/1985 | See Source »

...Pacific region. The Philippines, staggering under a $26 billion foreign debt and deep in recession, received a grant of about $240 million from the Japanese government three months ago. Last July the Japanese government gave Thailand loans and grants worth about $300 million. Japan hopes that economic aid will strengthen its neighbors and increase trade and prosperity throughout the whole Pacific region...

Author: /time Magazine | Title: A Global Money Machine | 1/14/1985 | See Source »

...that she rejected the popular perception that the Democratic ticket lost because it clung to the gospel of Big Government. "Read the speeches," she said. "We didn't call for massive new federal jobs programs, but for more responsible monetary, fiscal and trade policies to promote and strengthen the private sector." In the course of her half-hour address, Ferraro spelled out her vision of the party's future. Some excerpts...

Author: /time Magazine | Title: Stand on Principles | 12/24/1984 | See Source »

...officials were busy trying to downplay the importance of his eight-day official visit. The British feared that the trip would focus too much Western attention on his status as the most likely successor to Soviet Leader Konstantin Chernenko. That in turn might weaken Gorbachev's chances and strengthen those of his chief rival for the job, Grigori Romanov, 61, a fellow Politburo member widely considered to be a dogmatic hardliner. Nonetheless, Prime Minister Margaret Thatcher will be looking for any clues to Soviet thinking on arms control in view of next month's meeting between Secretary...

Author: /time Magazine | Title: Diplomacy: On the Road Again | 12/24/1984 | See Source »

Araskog hopes to strengthen ITT by raising more cash. Last week the company agreed to sell parts of its Eason Oil subsidiary for $240 million. But Araskog's time is running short. Two weeks ago, Minneapolis Investor Irwin Jacobs snapped up more than 3 million of ITT's 139 million outstanding shares. No one knows whether Jacobs has a power grab in mind, but his usual prescription for laggard companies like ITT is clearly spelled out in his nickname: "Irv the Liquidator...

Author: /time Magazine | Title: Troubled Giant | 12/24/1984 | See Source »

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