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Reagan began the lesson by noting, in a radio broadcast to the folks back home, that not many steps away from where he was seated in the Versailles Palace, the rotund and wise Benjamin Franklin struck a deal with Louis XVI in 1778 that brought vital French help in the Revolution. "Now, I don't want to give you a history lesson," Reagan said, but of course he did just that. He summoned up images of the proud and stubborn Woodrow Wilson, who journeyed to Versailles after World War I, determined to forge a peace that could...

Author: /time Magazine | Title: The Presidency by Hugh Sidey: Rekindling Pride and Purpose | 6/21/1982 | See Source »

...spectators' building applause. Cooney is devoted to Valle. When he appears, Cooney exclaims: "There's my man!" Says Valle when he hears this: "Boy, that puts strength in me to teach this kid." Valle's task may be more awesome than Cooney's: going up against Holmes' wise old trainers Arcel and Eddie Futch...

Author: /time Magazine | Title: A Puncher Goes for It: Gerry Cooney and Larry Holmes | 6/14/1982 | See Source »

...present NATO military strategy was adopted in 1967. The time has come to re-examine the content rather than the principle of the idea of flexible response. American readiness to cooperate in a high-level re-examination of the military strategy for the alliance would be a wise move, especially from the point of view of integrating it with a strategy for the pursuit of arms control and disarmament that would be in consonance with deeply felt and real needs of our time. A revision of NATO strategy should encompass the objectives of reducing our dependence on nuclear weapons...

Author: /time Magazine | Title: Europeans Fear a New Cold War | 6/7/1982 | See Source »

...seems as homely as a turtle without its shell yet eventually proves as beautiful as an enchanted frog, must find a rescuer. And the rescuer must be a child, whose Galahad strength only E.T. and the moviegoer can immediately discern. The child is Elliott (Henry Thomas), a thin, quiet, wise-faced lad of ten who makes initial contact in a time-honored American fashion: by playing catch with a softball. With the help of his older brother Michael (Robert MacNaughton) and younger sister Gertie (Drew Barrymore), Elliott must battle the elements and some prying adults in a children...

Author: /time Magazine | Title: Cinema: Steve's Summer Magic | 5/31/1982 | See Source »

During periods of disinflation, the wise consumer is a saver and lender, not a spender and borrower. No longer does it make sense to go into debt to buy things because Joans can be paid off later in cheaper dollars With a 16.5% prime rate, borrowing is very expensive. And since prices are rising slowly, there is little chance that the item bought will be worth a lot more in the future. Says Joel Crabtree, a senior vice president of Chicago's Continental Illinois National Bank & Trust Co.: "There's less premium on holding hard assets, like diamonds...

Author: /time Magazine | Title: From Baseball Cards to Blue Chips | 5/24/1982 | See Source »

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