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...President Owen Bieber faced off across the bargaining table last week with Alfred Warren, the chief negotiator for General Motors, they had a powerful incentive to stay on friendly terms. Both sides know all too well that the share of the American car market captured by foreign competitors has risen from 23.5% to 28.3% since 1984. The Toyotas and Hyundais of the world would like nothing better than a U.S. auto strike when the U.A.W.'s contracts with GM and Ford expire on Sept...

Author: /time Magazine | Title: AUTOS: Trying to Skirt a Strike | 8/10/1987 | See Source »

...frustration level has risen in response to the glut of hitting talent. It's been almost a decade since the game was last populate by so many players who legitimately deserve the label "future hall-of-famer...

Author: By David J. Barron, | Title: Beanball | 8/4/1987 | See Source »

...then the Dow began a summer surge to new heights. Last Friday the Dow closed over 2500 for the first time ever, ending the day at 2510.04, up 54.05 points for the week. Since the beginning of the year the Dow has risen fully 614.09 points, or more than 30%, a bounteous half-year return by any standard. One reason for the latest rally is a huge improvement in company profits, thanks to corporate streamlining and a declining U.S. dollar, which has boosted export sales...

Author: /time Magazine | Title: Riding The Wild Bull | 7/27/1987 | See Source »

Take Rusty Sabich: intelligent, attractive, a son of immigrant parents now risen to the post of chief deputy prosecuting attorney in midwestern Kindle County. He is married to his college sweetheart; he plays baseball with his son in the park; he is well-respected by his associates. He possesses, professionally and personally, the trappings of success...

Author: By Jessica Dorman, | Title: Staring at the World From the Other Side | 7/17/1987 | See Source »

...more frightening for depositors are bank failures, which have risen sharply in the deregulatory era. Last year 138 banks collapsed, a post- Depression record, and as many as 200 are expected to go under this year. One reason for the shake-out is that the high cost of attracting deposits has forced banks to seek higher-paying, and thus riskier, loan ventures. What bankers think they need to survive amid the financial-services hurly-burly is even more deregulation, namely the repeal of the Glass-Steagall Act, the Depression-era law that forbids them to underwrite securities. Opposing that proposal...

Author: /time Magazine | Title: Rolling Back Regulation | 7/6/1987 | See Source »

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