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Inside the club, preppie Louis Winthorpe III (Dan Aykroyd), the sharpest commodity trader going, is reporting to his employers, the brothers Duke. This pair are Dickensian in their meanness and cupidity, but right up to date in their desire to manipulate people for the sheer nasty fun of it. Winthorpe III, it should be noted, is Billy Ray's soul brother in just one way: he is not as bright as he thinks he is either...

Author: /time Magazine | Title: Cinema: Down the Tubes, Up the Ladder | 6/13/1983 | See Source »

Thatcher aimed her sharpest thrusts at the heart of the Labor Party, the trade unions. She pledged to "bring democracy to the shop-floor workers" by introducing legislation that would require union leaders to stand for re-election every five years and call strikes only by secret ballot. The proposals represent a direct challenge to entrenched left-wing leaders who have dominated the labor movement recently...

Author: /time Magazine | Title: Britain: Oof! Pow! Bam! Thwack! | 5/30/1983 | See Source »

From the start of the week to the start of the race, this was the Marfa Derby. The brightest debate and sharpest humor centered on a reckless rogue from California. Handsome and as gray as half past 7 o'clock with a splash of white blaze on his forehead, he went off as a 2-1 favorite. For racing sideways at times, Marfa inspired the nickname of "the Mugger." Even in the post parade leading up to a race, the pony escort is not safe alongside, and neither is the pony girl holding Marfa's bridle. The brute...

Author: /time Magazine | Title: Sport: A Halo on a Rainy Derby | 5/16/1983 | See Source »

Joan Didion's talent thrives in hot places: Southern California, Hawaii, Mexico and the Central America of her novel A Book of Common Prayer. She finds flowers of evil where most people see posies, and she can fix a place or a character with some of the sharpest prose in contemporary American writing...

Author: /time Magazine | Title: Books: Wisps of War | 4/4/1983 | See Source »

This proposal marks the sharpest break of all from Reaganite philosophy. The President does not see it that way; in his mind, he would only be proposing tax increases that would probably never take effect. But one of his bedrock principles has been that taxes must be steadily reduced as a proportion of national income. Now some of his subordinates are openly declaring that goal to be not only unattainable but undesirable. Treasury Secretary Donald Regan went so far last week as to insist that tax collections must increase from the current 18% of gross national product...

Author: /time Magazine | Title: Down with the Deficits | 1/24/1983 | See Source »

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