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...world's main source of international venture capital. The patrimony of overseas assets thus accumulated went to pay the costs of fighting two world wars. By 1945, Britain was, in international terms, broke. Deprived of its underpinning of foreign assets, sterling became a wobbly currency, held precariously upright by a stiff corset of exchange controls. As late as 20 years after the war, Britons were forbidden to take more than (pounds)50 out of the country. Direct investment overseas required special dispensation from the Bank of England; portfolio investment was virtually banned...

Author: /time Magazine | Title: World of Business: The New Elizabethans | 6/11/1990 | See Source »

Maybe I'm just projecting, but as far as I can tell, the typical Harvard student is repressed and sexually frustrated. We walk around buckling under the weight of our backpacks, jerking upright when we sense an attractive peer nearby. "Where? Where...

Author: By Betty Hung, | Title: 'Find A Date? At Harvard?' | 4/28/1990 | See Source »

From a huge caldron on the kitchen stove in a London flat wafts the comforting aroma of classic chicken soup, enough to feed a hungry orchestra. From a small upright piano in the living room wafts a bittersweet trickle of melody, enough to feed a hungry spirit. Michael Tilson Thomas, the 45-year-old principal conductor of the London Symphony Orchestra, is cooking on both burners...

Author: /time Magazine | Title: MICHAEL TILSON THOMAS: A Musical Pilgrim's Progress | 4/16/1990 | See Source »

...wide range of characters into whom Duke ably transforms himself. Duke's expert manipulation of body language, speech patterns and facial expressions allow the audience to follow easily as he moves from one character to the next. And whether he plays Jeeves with his impeccable British accent and completely upright posture, or whether slouching and guffawing as Wooster or whether he carelessly holds a cigarette while gesticulating wildly as Florence, Duke always manages to make the audience forget that he is only one man playing a variety of roles...

Author: By Melanie R. Williams, | Title: Pass the Butler | 10/27/1989 | See Source »

...workbooks; once completed, the buildings are torn down and put up again and again until the time allotted for block-building expires. And "No talking, while you're building," a teacher scolds. Or while you're eating, for that matter, or while you're going to the bathroom. "Sit upright, with hands clasped behind your backs," says another teacher. "That is correct behavior...

Author: /time Magazine | Title: A Day in The Life . . . . . . Of China: Free to Fly Inside the Cage | 10/2/1989 | See Source »

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