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...Oates' sharpest focus is on Daughter Enid, 15, a model student, talented pianist and promising gymnast. On page one, the girl locks herself in the bathroom and swallows 47 aspirins. The reason is a recent sexual encounter with an uncle. Felix Stevick is an ex-prizefighter, a local hero with enough low animal cunning to trade in real estate and keep a dirty secret. Incest later turns into a full-blown affair, documented in harsh and steamy detail...

Author: /time Magazine | Title: Books: Demon's Grip YOU MUST REMEMBER THIS | 8/31/1987 | See Source »

Keillor is one of the sharpest and funniest extempore wits in show business, but in conversation he has a disconcerting knack of sounding like a Minnesota-born Henry Kissinger discussing the dangers of excessive arms control. Asked whether he might play a part in the Wobegon film, he went into his Kissinger mode and said, "That has not been discussed." O.K., did he expect to do any sort of performing? Here he brightened, for he likes the risk of live performance. "You have to perform now and then, to keep stage fright under control." He waves away the idea...

Author: /time Magazine | Title: Show Business: Leaving Lake Wobegon Garrison | 6/29/1987 | See Source »

...close the Strait of Hormuz and long desisted, for the simple reason that nearly all its own oil flows through the strait. And the tanker war in the Persian Gulf has been raging for almost four years, during which time the world has seen the greatest oil glut and sharpest price collapse in history. The Administration wants to protect Kuwaiti oil not because the West needs to buy Kuwaiti oil, but because Kuwait needs to sell...

Author: /time Magazine | Title: Essay: If Necessary, a Superpower Acts Alone | 6/22/1987 | See Source »

...less than 9% earlier this year. During that span the previously stagnant building industry boomed, and millions of U.S. consumers rushed to buy new homes or cash in their old mortgages for cheaper ones. Last week, though, lenders, home buyers and builders were shaken by the sharpest mortgage-rate run-up in years. The interest-rate hike may prove to be temporary, but it caused a minor panic. "The rise was so sudden that most consumers are still dazed," says Eric Fessler, vice president of Kadilac Funding, a Long Island, N.Y., mortgage company...

Author: /time Magazine | Title: Attack Of Sticker Shock | 4/27/1987 | See Source »

...trade policies. As reflected in polls and interviews by TIME correspondents across the country, those attitudes are a strange mixture of admiration, envy, resentment touched now and then by fear, and no little confusion. Protectionist sentiment does exist, but it is rarely voiced with much passion. And the sharpest criticisms of Tokyo's "unfair" trade policies are likely to be mixed with equally unsparing criticism -- sometimes from the same person -- of Americans for being less energetic and skillful than the ubiquitous Japanese...

Author: /time Magazine | Title: A Mix of Admiration, Envy and Anger | 4/13/1987 | See Source »

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