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...foreign stocks, bonds and bank notes. But since many nations impose different regulations on their financial systems, the playing field for the international investor is not always a level one. Last week Britain and the U.S. took a major step toward smoothing the surface. The two countries proposed a uniform set of rules to govern banks' capital reserves. Federal Reserve Board Chairman Paul Volcker called the pact a "breakthrough...

Author: /time Magazine | Title: BANKING: A Jolly Good Agreement | 1/19/1987 | See Source »

Item No.1: Malcolm Hollensteiner, Harvard's 6-ft., 10-in. freshman center, has taken to wearing the really long kind of boxer shorts that stick out beneath his uniform. Hollensteiner has yet to get into a ballgame wearing this wacky apparel, but he will doubtless establish some kind of major college basketball first if and when he does...

Author: By Jonathan Putnam, | Title: The Ancient Eight's Newest Stars | 1/14/1987 | See Source »

...concentrated in the U.S.S.R.'s strategic southern border regions and maintain ties with Islamic peoples in neighboring countries. Official worries have intensified since the 1979 invasion of Afghanistan; many Soviet Muslims sympathize with Afghan co-religionists battling Soviet troops, as do many of the Central Asian conscripts in Soviet uniform...

Author: /time Magazine | Title: Religion: Taking A Firm Stand Against Faith | 1/12/1987 | See Source »

...major political spokesman like Dubois or Washington--instead he directed his energies toward developing a Black cultural and artistic identity. Regarded as an important figure in the Harlem Renaissance of the 1920s. Locke felt that Black art, music and literature were evidence that "Negro thoughts now wear the uniform...

Author: NO WRITER ATTRIBUTED | Title: PLANNING A NEW WORLD | 1/7/1987 | See Source »

...appearance before the House Foreign Affairs Committee was a contest of sorts, but it ended without a score. North arrived in his formfitting Marine uniform, his chest bedecked with medals ("fruit salad," in military parlance). In a voice quavering with suppressed (or feigned) emotion, he took the Fifth Amendment, making his refusal to cooperate somehow seem heroic. "Despite my very strong desire to provide Congress with my recollection of the facts pertaining to this matter, counsel has advised me that I should avail myself of the protections provided by that same Constitution that I have fought to support and defend...

Author: /time Magazine | Title: Toughing It Out | 12/22/1986 | See Source »

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