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...before Deng came to power. Later in the week, Jiang gave a major anniversary address to top party leaders, model workers and soldiers that was larded with phrases from China's Stalinist past. "Failure to stick to the socialist road, while using the blood and sweat of laborers to fatten the capitalist class, will plunge most of the Chinese people into extreme poverty once again," he warned. Referring to sanctions imposed on China by some Western nations, he vowed never to "give up our national independence in exchange for alms...

Author: /time Magazine | Title: China: The Making of Deng's Successor | 10/9/1989 | See Source »

...also as modern as the 21st century challenge that faces America. How will the working class be educated to survive and thrive in the computer age? This intoxicating movie has an answer: let her strut her outer-borough wisdom from Wall Street to the Pacific Rim. Watch her fatten portfolios as she melts hearts. With working girls like Tess, America ain't down yet. -- Richard Corliss...

Author: /time Magazine | Title: Cinema: Two Out of Five Ain't Bad | 12/19/1988 | See Source »

Shareholders can lose out in LBOs even when they sell their stock for a profit. That is because stockholders usually receive far less than executives make when they break up a company and then put it back on the market. LBO critics argue that managers who fatten their wallets in this way are really profiting at the expense of other stockholders. So far, shareholders have brought eleven class-action suits against RJR Nabisco charging executives with acts ranging from "unfair self-dealing" to "not acting in the best interests of the stockholders...

Author: /time Magazine | Title: Where's the Limit? Ross Johnson and the RJR Nabisco Takeover Battle | 12/5/1988 | See Source »

Belatedly, many districts are rushing to fatten teachers' paychecks. Since 1980 the average teacher's salary has risen 61.7%, from $17,364 to $28,085. The improvement does not dazzle many teachers, who say the increase has yet to make up the losses of the past. But some districts are finding that better pay is a magnet for fresh teaching talent. Since last summer, when it approved a three-year contract providing for salaries of up to $64,000, Dade County, Fla., has received nine applications for every teaching vacancy. "We really have the pick of the crop," exults assistant...

Author: /time Magazine | Title: Education: Who's Teaching Our Children? | 11/14/1988 | See Source »

...course, neither trade negotiations nor the declining dollar will do much to reduce imports and raise exports unless U.S. companies are willing to go after foreign competitors aggressively. Too many firms have used the weak dollar to lift prices and fatten profits rather than increase market share. During 1986 and 1987 many California wineries raised their prices by as much as 40% as imports from Europe became more expensive...

Author: /time Magazine | Title: Losing Ground | 5/9/1988 | See Source »

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