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...Boesky case had an instant sobering effect on the takeover game. As the thunder of the insider-trading disclosures rose in volume, a number of big plays suddenly came to a halt. Wickes, a Santa Monica, Calif., retailing and manufacturing conglomerate headed by Sanford Sigoloff, 56, announced that it might not be able to carry out the estimated $1.7 billion acquisition of California's Lear Siegler, the aerospace and automotive-products concern. Sigoloff's bankers, spooked by the Boesky scandal, apparently balked at financing the deal...

Author: /time Magazine | Title: Going After the Crooks | 12/1/1986 | See Source »

Washington's uproarious Richard Scammon, a political expert who loves the thunder of combat, wonders somewhat sadly if we have "become too sophisticated for ideology." The level of education, awareness and understanding increases geometrically with every election. Government programs cushion and encourage almost everyone in the nation in some way. Only a small fraction of the population is now outside the system, a phenomenon that tends to discourage boat rockers. The farmers in trouble are not penniless tenants on somebody else's land; they are farm owners, capitalists who risked and lost, which is part of the game, no matter...

Author: /time Magazine | Title: The Presidency: An End to Ideology | 11/24/1986 | See Source »

There has also been more argument and speculation about the contents of the album than about what happened at the Reykjavik summit. Yes, classics like Born to Run are there, jumping out of a superb audio mix like a Maserati off the mark. But so are Springsteen standards like Thunder Road and No Surrender, performed with newly spare instrumentation, sounding entirely different and stronger than ever. There are tunes Springsteen wrote for other performers that he has never recorded (Fire, Because the Night), as well as songs that he has borrowed from others (This Land Is Your Land, War, Raise...

Author: /time Magazine | Title: Music: There's Magic in the Night | 11/10/1986 | See Source »

...sweepstakes. Democrats would interpret a Republican defeat in the Senate as a sign of the public's dissatisfaction with Reagan's policies. An intransigent Democratic majority could thwart the Administration's legislative agenda, turning the President into a genuine lame duck and perhaps stealing some of the thunder from the Republicans in the contest to succeed Reagan...

Author: /time Magazine | Title: Can the Democrats Recapture the Senate? | 10/6/1986 | See Source »

...thunder was not confined to the right. In Congress, liberal Democratic Senators Howard Metzenbaum of Ohio and George Mitchell of Maine insisted that no prospect of a summit deal is worth Daniloff's continued detention. Ironically, that is exactly the way Reagan used to talk as a candidate and in the early days of his presidency. Now, however, he is running not for election but for the history books. He wants to be remembered as the tough realist who negotiated the most favorable arms-control bargain the U.S. ever won from the Soviets. He has been encouraged in this...

Author: /time Magazine | Title: Trying to Have It Both Ways | 9/29/1986 | See Source »

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