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...November's Reagan-Gorbachev summit in Geneva, where the Soviet offer of a test moratorium could become an important Soviet trump card if the U.S. has made no further moves by then. Already, Reagan is suggesting that he might be amenable to a "permanent moratorium" after the next round of U.S. tests. But his advisers are hedging. Said National Security Council Spokesman Edward Djerejian: "We are not proposing any new initiative...

Author: /time Magazine | Title: Disarming Tiff: Moscow's propaganda edge | 4/18/2005 | See Source »

...because a record number of borrowers with mortgages bought by the agency are defaulting on their loans. Explains Chairman David Maxwell: "It does no favor to home buyers in the market we serve--low, moderate and middle income--to saddle them with obligations they cannot carry." UNIONS Grape Boycott, Round...

Author: /time Magazine | Title: Business Notes: Aug. 19, 1985 | 4/18/2005 | See Source »

...playoff with Verplank. The kid was only eligible to play for a trophy. In a grill at Boston's Logan Airport, where a television set was tuned to the Western Open, senior golfers who had been completing their own competition in nearby Concord trickled in from the final round. One greeted the other who hailed the next. "Come look at this, the kid's got a chance." The room thickened with old golfers. Billy Casper ambled by. "Billy, Billy, the kid's going to win it." When he did, they shouted for joy, stood there plainly moved for a moment...

Author: /time Magazine | Title: Sport: The Benefits Not in a Contract | 4/18/2005 | See Source »

...libel attorney who represents the Wall Street Journal. He thinks that jurors get used to reading about large awards in injury or malpractice cases. Libel suits rarely show out-of-pocket losses, but "when the question turns on how much a man's reputation is worth," Sack believes, "round numbers will come to the juror's mind." What made a $50 million libel suit against the Boston Globe remarkable last week was a verdict that found five paragraphs of a story false and defamatory, but the "gist" of it true, and awarded no damages...

Author: /time Magazine | Title: Newswatch: Getting Even Without Winning | 4/18/2005 | See Source »

...make up for lost time, the crew crammed even more work into their already difficult round-the-clock schedule. An X-ray telescope zoomed in on the distant stellar clusters of Virgo and Centaurus, recording the precise contours of their massive radiation fields. Toward the other end of the electromagnetic spectrum, another telescope, an infrared instrument, mapped the invisible heat of the Milky Way. A small satellite called the plasma diagnostics package was suspended from the ship's giant remote arm to measure "ripples," or the wake that the shuttle causes in the earth's ionosphere. At several points...

Author: /time Magazine | Title: Science: Challenger's Agony and Ecstasy | 4/18/2005 | See Source »

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