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...chosen form: the comedy-drama. Allowing the film to teeter between pathos and slapstick, he treats the material too lightly to evoke a poignant response from the audience, yet not satirically enough to inspire much laughter. Moreover, the overly cheerful conclusion results from a painfully contrived plot twist...

Author: By Lewis J. Desimone, | Title: Family Fare | 7/6/1982 | See Source »

Reagan advanced one new proposal, an international conference on military expenditures that would establish a system for reporting how much major nations spend on arms. He gave this idea an anti-Soviet twist too. Said the President: "We urge the Soviet Union ... to revise the universally discredited official figures it publishes...

Author: /time Magazine | Title: No More Mr. Nice Guy | 6/28/1982 | See Source »

Megabuck mergers have become almost commonplace on Wall Street in the last couple of years, but last week there was one so huge and unexpected that even the most jaded brokers blinked in surprise. In a startling new twist to an ongoing takeover battle between Mesa Petroleum Co. and Cities Service Co., the Gulf Oil Corp. entered the fray. Gulf, the ninth largest U.S. industrial corporation (1981 sales: $28 billion), announced that it had worked out a friendly takeover deal with Cities Service (1981 revenues: $8.5 billion). Gulf agreed to pay $5.04 billion for 100% of Cities Service...

Author: /time Magazine | Title: Upping the Ante | 6/28/1982 | See Source »

...advantages are obvious. No staples, no paper. The merry mailman cannot mangle the thing in your letter slot and twist it into some kind of soft-cover Calder. There may be other benefits as well. Fast information. Ease of illustration. Graphic impact. "Video is the new printing press," Publishing Entrepreneur Nicolas Charney likes to say, but it is not necessary to bury Gutenberg to appreciate the possibilities of magazines on video and to spot, in five new entries, the beginnings of what seems to be a trend...

Author: /time Magazine | Title: Video: Tips on Tape | 6/14/1982 | See Source »

Drysdale's special twist was to acquire arepo from, in most cases, Chase Manhattan and then resell it on the open market at a premium price that reflected its accrued interest. Immediately thereafter, Drysdale would turn around and buy a replacement Treasury security of identical face value, but one that had less accumulated interest. The second security was then used to settle the repo account when it eventually came due. In this way, Drysdale kept its accounts in apparent balance yet continued to pocket a portion of the interest on each repo deal. High interest rates derailed the whole...

Author: /time Magazine | Title: Aftershocks of a Money Tremor | 6/7/1982 | See Source »

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