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...only ones to have failed in their responsibility. Leaders of business, finance, academe and the news media knew intellectually that the Reagan Administration had replaced the Democrats' tax-and-spend with the hugely popular but unsound practice of spend-and-borrow, and that the nation's prosperity in the '80s was being stolen from its children and grandchildren...

Author: /time Magazine | Title: The Crash: Who's in Charge? | 11/9/1987 | See Source »

There are a few living American artists whose latest show one would always feel eager to see. Susan Rothenberg is high on the list. At 42 she has survived the cultural gorge-and-puke of the early '80s, the manic starmaking and the pressure on immature talent -- all due, presumably, to wither in the hangover from the bull market. Rothenberg's anxious but unhurried cast of mind was somehow fortified in the pressure cooker. Her current show at New York City's Sperone Westwater gallery (through Nov. 14) is in some respects her best...

Author: /time Magazine | Title: Art: Spectral Light, Anxious Dancers | 11/9/1987 | See Source »

...relentless drive to extend the life of the aged," who in any event are often "being saved from death for chronic illness, with Alzheimer's as a tragic example." It is time to honor a "natural life-span" that normally winds down in the late 70s to mid-80s, he says. "How many years do we need to have a reasonably decent life, to raise a family, to work, to love...

Author: /time Magazine | Title: Ethics: Examining The Limits of Life | 11/2/1987 | See Source »

...cherished their pork-barrel projects. Corporate America, which had grown content with its domestic marketplace, aggravated the trade deficit by its lack of motivation to sell products abroad. Consumers added to the trouble by developing a ravenous taste for imported goods and credit-card spending. All told, the roaring '80s have been a time of refusal to confront limitations. Declares Investment Banker Felix Rohatyn: "In an act of the ultimate financial cowardice, we have attempted to pass on to our children the cost of this behavior by borrowing from tomorrow...

Author: /time Magazine | Title: The Crash: In The Shadows of the Twin Towers | 11/2/1987 | See Source »

...nobody who cares about the fate of abstract painting today could chew through this show -- cramped and arrhythmic though its installation is -- without being deeply moved. Just as Lucian Freud's exhibition at the Hirshhorn Museum in Washington shows up the dinginess of most American figure painting in the '80s, so Stella's fearless panache and the profusion of his output refute the common idea that the possibilities of abstract painting are played out. From the fascist lugubriousness of early striped paintings like "Die Fahne hoch" to the galvanic dance of fake-shadowed solids in the Cones and Pillars series...

Author: /time Magazine | Title: Art: The Grand Maximalist | 11/2/1987 | See Source »

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