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...Responding in writing to questions from the Senate Banking Committee last week, Federal Reserve chairman Alan Greenspan said the Fed had cautioned banks about extending loans for leveraged buyouts. He suggested that Congress take a closer look at tax provisions that encourage such buyouts. Greenspan's views sent a tremor through the stock market, and share prices of companies involved in takeovers took a tumble, as many investors turned fearful that the buyout boom could suddenly go bust...

Author: /time Magazine | Title: Special Report: Big-Time Buyouts | 11/7/1988 | See Source »

...painting, in which France had reigned supreme; but since 1855 practically the whole generation of history painters on whom this elevation depended -- above all, Delacroix and Ingres -- had died, and no one seemed fit to replace them. French critics and artists alike, and conservative ones in particular, felt a tremor of crisis, & as others would a century later as the masters of modernism died off. After them, what could sustain the momentum of culture...

Author: /time Magazine | Title: Art: Seeing Degas As Never Before | 10/17/1988 | See Source »

...announcement struck like an earth tremor, disrupting the status quo in the West Bank and scrambling the assumptions that have underlain talk of an Arab-Israeli peace settlement. In Baghdad P.L.O. Chairman Yasser Arafat met late into the night with his advisers; he then imposed a blackout on all official comment and called a meeting of the 451-member Palestine National Council, the P.L.O.'s top decision-making body, later this month to take measure of the King's maneuver. In Jerusalem officials at first brushed off Hussein's announcement, but the Knesset scheduled a special session to discuss...

Author: /time Magazine | Title: Middle East Goodbye to All That | 8/15/1988 | See Source »

...after the Iowa caucuses, an earthquake shook New Hampshire. It was a small tremor, just enough to give folks a jolt. On the same day, Senator Bob Dole of Kansas swept into the Granite State for a final round of campaigning before this week's primary. The often tightly coiled politician seemed a changed man: jaunty, self-possessed, rejuvenated. After winning the Iowa contest with 38% of the Republican vote, he suddenly had the aura of a champion. "We're winning!" he exulted as he greeted a supporter in Nashua. His rhetoric was sharper, his jokes funnier, his rapport with...

Author: /time Magazine | Title: Dole on A Roll | 2/22/1988 | See Source »

...confronted with a large photo of three bathing-suited beauties with the word "Budweiser" written across their torsos and the phrase "label conscious" above their heads (this photo was an ad on the back page of the magazine "U." which was door-dropped Wednesday morning). A minor tremor of indignation went through me, but I tried to shrug off the image of those women. If you let yourself be upset by such things as that, you will spend a great deal of time being angry...

Author: NO WRITER ATTRIBUTED | Title: Appalling Attitude Toward Rape | 2/20/1988 | See Source »

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