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Japanese businessmen are throwing the U.S. for a loop in a number of ways. Japan, the world's largest creditor country, where consumers save 17% of their earnings (vs. 4% in the U.S.), has the mightiest bankroll of all to engage in buying America. Bereft of enough investment opportunities at home to absorb their astonishing pile of savings, the Japanese are hungrily looking abroad for places to park the excess cash. Japan's direct investments in U.S. real estate and corporations reached $23.4 billion at the end of 1986, a jump of about 18% from the previous year. Predicts Amir...

Author: /time Magazine | Title: For Sale: America | 9/14/1987 | See Source »

...after World War II was a migration of the middle class from the cities to newly created bedroom communities. But for the past dozen years or so, that movement has been immensely reinforced by a flight of jobs following the people. It is being powered by some of the mightiest currents in modern life: the communications revolution and the switch from a manufacturing to a service economy. Says George Sternlieb, professor of city planning at Rutgers University: "Changes in technology and in our economy are making possible a life-style that could only be dreamt about a few years...

Author: /time Magazine | Title: Megacounties: The Boom Towns | 6/15/1987 | See Source »

...galleries is split in half. On the left is the realist tradition of the 19th century, with its impulse to social description, radical criticism and meditation on things as they are -- Daumier, Millet, the Barbizon painters, Fantin-Latour, the rural sentimentalists like Jules Breton, culminating in Courbet at his mightiest (The Studio, The Funeral at Ornans and a portrait of a trout that has more death in it than Rubens could get in a whole Crucifixion). On the right are academic idealism and romanticism, Ingres and his heirs, Delacroix and his, smooth recipes of Grecian flesh and turbulent Byronic visions...

Author: /time Magazine | Title: Art: Out of a Grand Ruin, a Great Museum | 12/8/1986 | See Source »

...shots glorify. The fixtures of that style are familiar: unsmiling figures shot in sharp focus against a plain white background. (Avedon started his career taking identity-card shots for the Merchant Marine.) The results can be pitiless. With every wrinkle and sag set out in high relief, even the mightiest plutocrat seems just one more dwindling mortal...

Author: /time Magazine | Title: Into the Land of Our Dreams | 12/16/1985 | See Source »

...subject of this veneration and occasional abuse is the London Times. Founded in 1785, it still commands the attention of Britain's highest and mightiest. Last week, at the acme of a 200th-anniversary celebration that has already included two TV shows, a souvenir book and numerous encomiums from rivals, the paper played host for four hours to Queen Elizabeth II and Prince Philip. Dressed in a plaid suit and mauve hat, Her Majesty visited the freshly painted newsroom, known as "the pit," and chatted with dozens of employees, from reporters in white shirts to pressmen in working clothes...

Author: /time Magazine | Title: Press: Happy Birthday, London | 3/11/1985 | See Source »

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