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...largest communications deal in American history might never have come to pass last week if Bell Atlantic chairman Raymond Smith and Tele-Communications Inc. president and chief executive officer John Malone had not got stuck on a boat off the coast of Maine. The merger talks were going nowhere that August afternoon when the two men decided to head back to shore, only to find that the anchor of Malone's 70-ft. sailboat had snagged an underwater power line. While divers spent two hours cutting the boat free, Smith and Malone had little choice but to continue trying...

Author: /time Magazine | Title: WIRED! | 7/21/2008 | See Source »

...their aerials and flashed their headlights at patrol vans. Observed Fred Morales, an activist in the crime-ridden Chihuahuita barrio: ''The stabbings and shootings are down to zero. This is the best present we could ever get.'' No one was more pleased than the Border Patrol, whose new sector chief, Silvestre Reyes, devised the blockade and wangled $300,000 out of INS headquarters to provide overtime pay for 400 agents. The money ran out two weeks ago, but he is continuing the crackdown by shuttling agents in from as far off as Albuquerque. ''We were chasing our tails before because...

Author: /time Magazine | Title: SLAMMING THE DOOR | 7/21/2008 | See Source »

...Santa Cruz, Calif. Your cover illustration of Cuomo was a joy to behold. Al Hirschfeld has been doing those fabulous line drawings since the George M. Cohan days. And, as is his tradition, he even hid his daughter Nina's name in the Governor's hair. Robert C. Southee Chief, Design and Graphics Division U.S. Department of Commerce Washington

Author: /time Magazine | Title: SIZING UP CUOMO | 7/21/2008 | See Source »

...Wall Street, Don Regan was called disruptive, cold, irreverent--and he led Merrill Lynch to the top. At the Treasury Department, he was said to be insensitive, arrogant, unsophisticated--and he helped launch the nation on one of the longest peacetime booms in history. As chief of staff of the White House, Regan has been accused of being unfeeling, narrow-minded, egotistical --and the President he serves now stands at an all-time high in prestige and acclaim. ''When you are on the inside, quite obviously you always think you are doing a better job, perhaps, than some...

Author: /time Magazine | Title: THE PRESIDENCY ''I'VE MELLOWED A BIT'' | 7/21/2008 | See Source »

...best friend (Alan Ruck, who is lovely as a boy struggling for security) to abscond with the family Ferrari so they can tool about in style. They will talk their way into a chic restaurant, enliven an ethnic parade and, at every point, avoid the forces of propriety. Chief among these are Ferris' sister (Jennifer Grey), who just hates the way he gets away with everything, and the dean of students (Jeffrey Jones), who distills all the pettiness of spirit and smallness of mind in a teen's view of adult authority. Jones provides John Hughes with the comic mainspring...

Author: /time Magazine | Title: HOOKY PUCK FERRIS BUELLER'S DAY OFF Directed and Written by John Hughes | 7/21/2008 | See Source »

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