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Greenspan, who was President Gerald Ford's chief economic adviser from 1974 to 1977, is the first member of the TIME board to be named Federal Reserve , Board chairman. He will be remembered for his dry wit -- and one curious habit. Because of a sometimes bad back, he was occasionally prompted to stand while addressing fellow members, then to stretch out flat on his back on the meeting-room floor while others spoke. Most important, of course, Greenspan was esteemed for his sound economic judgment. "The views he shared with us were reflected in the stories we wrote about...

Author: /time Magazine | Title: A Letter From the Publisher: Jun. 15, 1987 | 6/15/1987 | See Source »

They are, on the face of it, a rather conventional bunch, not greatly distinguished by sex appeal or intelligence or wit. Movie stars have glamour at least, and champion athletes grace. But what do the ruling Windsors of Britain have above and beyond their right to rule? This week, as Queen Elizabeth marks her official birthday, one may well feel justified in asking what divine right inheres in her -- an almost powerless figurehead in a country now past its prime -- to command the attention of the world, let alone its enthralled admiration...

Author: /time Magazine | Title: Essay: Ambassadors From The Realm of Fairy Tale | 6/15/1987 | See Source »

Like most subjects of biographies, Parker would be considerably less interesting if she had led a happier life. The woman who had everything -- appeal, style, brains, celebrity and that deadly wit -- also drank to excess for decades, repeatedly attempted suicide, spent her declining years in the noisome atmosphere generated by adamantly unhousebroken dogs, and was cremated in a party dress Gloria Vanderbilt had given her as an act of charity. Leslie Frewin's The Late Mrs. Dorothy Parker revisits this pith and pathos more grandiloquently but less methodically than John Keats' 1970 volume You Might As Well Live, on which...

Author: /time Magazine | Title: Books: Brittle Nell THE LATE MRS. DOROTHY PARKER | 6/15/1987 | See Source »

...parallel seems to end there. Wisdom teeth are not funny. Guterman is. With a wry, self-deprecating wit, he attempted to explain what it's like to be a physics major-computer science jock-animator-filmmaker-artist-Harvard student. "Harvard is a sunny day, a leisurely stroll through the Harvard Yard...

Author: By Deborah E. Copaken, | Title: An Animated Lunch With Larry | 6/11/1987 | See Source »

...action films. But most of them have permitted their heroes to reclaim their honor at the end. The good guys are allowed to think their fall from purity and motive was a temporary aberration. There is no such escape for Eliot Ness. Despite its driving pace, style and wit, this film's pervasive mood is a strange and haunting sadness. The Untouchables is, of all things, touching...

Author: /time Magazine | Title: Cinema: In The American Grain THE UNTOUCHABLES | 6/8/1987 | See Source »

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