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...months the cash drain was kept quiet. But eventually the lending banks began to pick up the whiff of desperation. Brazil dipped into its $5.5 billion reserve of U.S. dollars and even pledged its entire 2.5 million-oz. gold cache to secure credit. Then the government-controlled Banco do Brasil, which finances the nation's international trade, began drawing down cash, estimated at nearly $2 billion, that it ordinarily keeps on deposit with major international banks. When that was exhausted, the Brazilian bank was forced to turn to overnight borrowings to stay in business...

Author: /time Magazine | Title: Back from the Brink | 12/27/1982 | See Source »

...takeover of University Hall, but he makes not even passing reference to that explosive event. In fact, the only intrusion of 60s turbulence into Atlas' world takes place, amusingly, at the Signet, when Allen Ginsberg lights up a joint at a black-tie literary dinner. (I suddenly caught a whiff of a pungent, acrid odor that seemed...well, odd in these circumstances...

Author: By Michael W. Miller, | Title: Living in the Past | 9/27/1982 | See Source »

...story corporate headquarters in downtown Louisville, Ky., for Humana Inc., and an addition to the Whitney Museum of American Art in New York City, designed by Bauhaus Architect Marcel Breuer. Yet it remains to be seen whether Graves' heavy-handed Pop surrealism-"a dash of deco and a whiff of Ledoux," as leading Postmodernist Architect Robert Venturi calls it-will influence workaday architecture. New inspirations are needed, but they should be inspirations that are real, joyful and charming...

Author: /time Magazine | Title: Design: A Pied Piper of Hobbit Land | 8/23/1982 | See Source »

Skeptics scent a strong whiff of callous political cynicism and even hypocrisy in all this agitation, an effort by Congress and the White House to have it both ways. Only a month ago, Congress passed a budget resolution that would allow for a record-shattering deficit of $103.9 billion in fiscal 1983. Even that is less red ink than would have flowed from the budget proposals that Reagan presented in February. The balanced-budget amendment allows Congress and the President to reassure voters that they are, at bottom, all for fiscal responsibility. Says Democratic Congressman James Shannon of Massachusetts...

Author: /time Magazine | Title: Balancing the Budget by Decree | 7/26/1982 | See Source »

...jangled the eyes of television producers on two continents and offended the artistic sensibilities of still cameramen. "Can't you get him out of that suit?" pleaded one photographer. White House aides feared that it had the whiff of the $2 window at a race track. Foreign functionaries, noting the swaths of plain blue and gray cloaking the ample figures of the other summiteers, looked politely pained when they saw Reagan's cheery plaid clashing with a red carpet or the faded elegance of Versailles...

Author: /time Magazine | Title: The Presidency by Hugh Sidey: Live Men Do Wear Plaid | 6/28/1982 | See Source »

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