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...banking industry currently is as disjointed as the hamburger stand business was before the advent of McDonald's. A hodgepodge of state and federal regulations has been erected to protect small banks around the country by keeping out their big-city brothers. The origin of the geographic restrictions goes back to the 1830s, when Andrew Jackson was fighting Nicholas Biddle over the charter of the Bank of the United States. Populist politicians have always fought nationwide banking on the grounds that small-town financial decisions should be made locally. Smaller banks also claim they would...

Author: /time Magazine | Title: A Call for Interstate Banking | 1/12/1981 | See Source »

Indeed, the Polish church, at least until the advent of Solidarity, has been the mainstay of opposition to the Communist Party. But the church is politically "liberal" only in relation to the party. It supports Poland's odnowa (renewal), but its prime concern is upholding the faith and Catholic institutions. Above all, it does not want to risk an intervention by the Soviets, who might try to stamp out religious rights. The church's censure of Kuron could aggravate a split between moderates and militants in Solidarity. Walesa, himself a moderate, has resisted all efforts to disavow...

Author: /time Magazine | Title: Poland: Rebirth and Peril | 1/5/1981 | See Source »

Oddly enough, even with the erosion of family life and the advent of electronic baby sitters, books still manage to provide the lessons of life for millions of minors. According to Theodor Geisel (a.k.a. Dr. Seuss), "The time taken to watch the screen certainly detracts from time to read books. But the paradox is that good kids' books are selling more than ever." Indeed, the broken rhythms of television seem to have encouraged certain forms of literature. "Ten years ago," says Poet and Critic Karla Kuskin, "when I read verse to third-graders their attention span seemed" even shorter...

Author: /time Magazine | Title: Books: A Lively, Profitable World of Kid Lit | 12/29/1980 | See Source »

...With the advent of the second half, the Harvard corps took the field visibly quicker, and mentally a lot more confident. The new attitude took the pressure off the defense, and for the rest of the game the Crimson offense functioned smoothly. All three lines worked together well, and for the first time, Harvard played its own game...

Author: By Mark H. Doctoroff, | Title: Booters Trounce Bruins, 4-0 | 11/3/1980 | See Source »

...benefit from the accord. Without the Shah's support, the Kurdish rebellion fizzled, allowing Iraq to concentrate its oil resources on fast-paced economic development and to emerge as a military power. But the squabble was renewed with the Shah's demise, the Iranian revolution and the advent of the Khomeini era. Khomeini had spent 14 years in exile in Iraq during the Shah's reign, but never concealed his dislike for the Iraqi reqime. Now, stressing old cultural and religious divisions, Tehran accused the Iraqis of fomenting unrest among the predominantly Arab population of Iran...

Author: /time Magazine | Title: War in the Persian Gulf | 10/6/1980 | See Source »

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