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With the specter of recession looming across the U.S., consumers and companies have cut back their spending. Yet Swiss jeweler Piaget, whose motto is "Always do better than is necessary," is betting that the time is ripe for a new round of conspicuous consumption. Later this month Piaget will unveil its $1 million, gem-encrusted Aura watch, a flashy bauble that sports 237 diamonds set in an 18-karat-gold band and case...

Author: /time Magazine | Title: CONSUMPTION: Running on Tony Time | 10/29/1990 | See Source »

George Bush brandished the sequester threat in his address to Congress last week. The President's original plan was to use the occasion to unveil a bipartisan "50/500" deal, which would pare $50 billion from the 1991 deficit and $500 billion over five years. For a while, everything seemed to be on track. Budget Director Richard Darman and congressional leaders had made some progress in bargaining sessions that started Sept. 7. But the negotiations bogged down before the speech. So instead of making a triumphant announcement, Bush used his prime-time pulpit to sermonize: "Most Americans are sick and tired...

Author: /time Magazine | Title: A Fiscal Fairy Tale | 9/24/1990 | See Source »

Tower of trash. In Toulouse, the activist group Friends of the Earth will unveil a 2.5-meter (8-ft.) tall garbage sculpture titled Monument to the Unknown Refuse...

Author: /time Magazine | Title: Environment: EARTH DAY A GLOBAL FESTIVAL | 4/23/1990 | See Source »

Dean of the College L. Fred Jewett '57 will unveil Harvard's proposal for a revamped Memorial Hall at the Undergraduate Council meeting this Sunday, making public for the first time the details of the College's plan for a student center in the renovated building...

Author: By Jeffrey C. Wu, | Title: Council to View Mem Hall Plans | 4/12/1990 | See Source »

Some Governors were miffed that the President had stolen their thunder. The original plan had been to unveil education goals at the annual convention of the National Governors' Association later this month. Governors Bill Clinton, an Arkansas Democrat, and Carroll Campbell, a South Carolina Republican, held meetings throughout the fall to work out the details. In early December talks were thrown into disarray when the White House told them Bush wanted to announce the goals himself in the State of the Union. "It had the effect of derailing the process," said one gubernatorial aide...

Author: /time Magazine | Title: Education: Reading, Writing and Rhetoric | 2/12/1990 | See Source »

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