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...have never seen a market like this," says Donald Stone, a member of the New York Stock Exchange since 1950 and one of its vice chairmen. "The market has spiked up without any meaningful correction; it won't even pause to catch its breath." Peter Cohen, a New York City real estate broker and large investor, muses, "Even in the sizzling '60s, it was an article of faith that what goes up must come down. But those who have played by this rule now have left huge amounts of profit on the table. I have sold at a profit, then...

Author: /time Magazine | Title: A Bang-Bang Birthday | 8/24/1987 | See Source »

...they're going to buy superconducting circular saws at Sears next year," says Don Capone, a physicist at Argonne National Laboratory near Chicago. Concurs Nobel Laureate Robert Schrieffer, who shared the 1972 prize for developing a theory of how superconductors work: "It's time for everyone to catch their breath and try to understand what Mother Nature has presented...

Author: /time Magazine | Title: Science: Frenzied Hunt for the Right Stuff | 8/10/1987 | See Source »

...wanted the Constitution specifically to exempt the game of rounders from the interstate commerce clause. Shy, soft-spoken and constantly embarrassed by his own meager war record, Madison found a delegation of Revolutionary War veterans harder to ignore. Confronted with half a dozen strapping backwoodsmen with rum on their breath and Valley Forge on their lips, he reluctantly agreed to support their fight to make all pensions forever exempt from taxation...

Author: /time Magazine | Title: LIVING What If TV Had Been There? | 7/6/1987 | See Source »

...Wrong" not indignation at the vacuum of values we have in the '80s but a shot at President Reagan. Materialism and corruption have been with all nations for a long time. Crooks have been punished and phonies exposed, but to mention names like Boesky and Bakker in the same breath with Meese and Reagan is exactly what is wrong with your story...

Author: /time Magazine | Title: Letters: Matter Of Ethics | 6/22/1987 | See Source »

...felt torn between the desires for assimiliation and social mobility and the need to identify with their ethnic group. For most, this conflict is predominantly internal. For Black students, the battle is external as well, involving the daily, Herculean labor of confronting a broader university population which in one breath insists that Blacks relinquish their blackness (whatever that means and whatever bit they still have) and in another claims knowledge and understanding of Black values, experiences, and dreams...

Author: By Camille M. Caesar, | Title: Reflecting on The Diversity Principle | 6/11/1987 | See Source »

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