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BUSINESS: IBM's Turbulent Twilight...

Author: /time Magazine | Title: Time Magazine Contents Page | 2/1/1993 | See Source »

...baby boomers' parents, those members of the World War II cohort now in the twilight of their lives, are the wealthiest generation in American history. Blessed by the real estate boom of the 1970s and '80s, the stock- market surge of the '80s and lucrative pensions, Social Security payments and a high savings rate, older Americans as a group have amassed a nest egg that New York University economist Edward Wolff values at $5.3 trillion -- an average of $258,000 for each household headed by a person over 64. Those assets mean an unprecedented windfall for many otherwise struggling younger...

Author: /time Magazine | Title: Waiting for The Windfall | 1/18/1993 | See Source »

Classic rock accompanies my perambulation through this Levis heaven. I see upwards of 3,000 pairs in purple, red, two variations of olive green, twilight blue, hickory brown, teal, gold and the basic blues...

Author: By Geoffrey J. Hoffman, CONTRIBUTING REPORTER | Title: Bargain Hunting's Knight Errant | 1/13/1993 | See Source »

Bush's explanation of why he played Santa Claus with the law in the twilight of his presidency is a vivid demonstration of his mistaken confidence that the American people will believe anything he tells them. (Remember "no new taxes"?) To Bush, the gentleman preppie from Andover and Yale, honesty is not nearly as important as rhetoric. He could say with a straight face, "I am doing what I believe honor, decency and fairness require...

Author: By Jordan Schreiber, | Title: Playing Santa Claus With the Law | 1/13/1993 | See Source »

Workers laying a new sewer line in a Cairo suburb uncover foundations of a 4,600-year-old working-class neighborhood; a subway project in Rome reveals a long-dead Pope's toothbrush; improvements in Red Square during the twilight of the Soviet empire unearth wooden homes built before Moscow had its first prince in the 13th century. In the next millennium, construction workers in Cairo, Rome and Moscow will no doubt be puzzling over traces of current cultures. As the triumphant remake the world's cities, the shards of the vanquished are literally trodden into the ground...

Author: /time Magazine | Title: Megacities | 1/11/1993 | See Source »

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