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Even with interest rates at near record levels, the nation's inflation-heated economy keeps puffing along anyway, and bankers fear that lowering rates right now would make inflation worse. At week's end only Chase Manhattan and some small banks had followed Southwest's lead. Federal Reserve Chairman G. William Miller, whose tight money policy is a key reason that rates have been rising, told a congressional committee that he would not be surprised to see rates remain high for some time...

Author: /time Magazine | Title: Business: Savers' Bonanza | 2/12/1979 | See Source »

...from Europe. The listings are displayed on the video terminals, and with the help of a 1,000-page inventory book, buyers and sellers can size up the market quickly and in one central location. AMREX'S members are mostly real estate firms institutions and banks (among them Chase Manhattan) and private investors. Though most of the members do not show up on a day-to-day basis, they are still hooked up to the system through the exchange's dozen or so floor traders. The traders guarantee AMREX $30,000 in annual fees under a trading contract...

Author: /time Magazine | Title: Business: Hot Property | 2/5/1979 | See Source »

Following a four-hour chase, the police, assisted by members of the Cambridge and Boston police departments, apprehended the youths in Boston at about 10 p.m. after they abandoned their getaway car and attempted to escape on foot, Chafin said...

Author: By Marc E. Raven, | Title: Quad Robberies | 2/2/1979 | See Source »

Every Which Way goes in every which direction to no particular avail. It is nearly impossible to sit through. Chase scenes, barroom brawls and barehanded boxing matches follow in dizzying succession, but the movie rarely lurches forward. Director James Fargo (Caravans) seems to delight in disorienting the audience: it is a major chore to figure out who is punching whom, not to mention why. For punctuation, there are running gags. Ruth Gordon pops up, without warning or justification, to do her foul-mouthed-old-lady routine; the Gray Panthers would be well advised to have an injunction slapped...

Author: /time Magazine | Title: Cinema: No Exit | 1/29/1979 | See Source »

...movie, is always amusing. Alas, the original's gleeful sexual reveries cannot be duplicated on TV, but the antiauthoritarian tone is intact. There are even gags about Lawrence Ferlinghetti and Arnold Toynbee, thus placing Delta House roughly two intellectual cuts above CBS's pompous The Paper Chase. Let the viewer beware, however, for future episodes will be written by different hands. Should ABC fail to exercise strong quality control, this promising spin-off could quickly go into a tailspin...

Author: /time Magazine | Title: Television: Princely Palaces, Animal Houses | 1/22/1979 | See Source »

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