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...most spectacular setback was a House reduction in spending for the Strategic Defense Initiative to $3 billion, almost $2 billion less than the Administration requested. Furthermore, the Senate, on Saturday, passed historic legislation making it all but impossible to decide on space-based deployment by 1993. Over the past seven years, Congress has appropriated $20.2 billion for the program. But critics on both sides of the aisle have become disillusioned by the Pentagon's relentless drive to put some version of Star Wars into space before it is killed outright. In their haste, the skeptics say, SDI's managers...

Author: /time Magazine | Title: Setback For Star Wars | 8/13/1990 | See Source »

...queuing up each weekend for the new blockbuster, then spurning it for next week's thrill machine. Why? Because, with minor variations, each film is the same film; each is a sequel to the others. They offer the same kinds of villains (terrorists and corporate thugs), the same spectacular stuntmanship, the same jolts within the narrowest band of Hollywood entertainment. They are fables about little boys with big toys. Feel-good is not the feeling; these are workout pictures that, taken in large doses, wear the moviegoer out. Viewers don't get massaged, they get rolfed. And because the films...

Author: /time Magazine | Title: Cinema: If It Worked Before, Do It Again | 7/30/1990 | See Source »

...their social relevance becomes clear in an era of spectacular insider trading, leveraged buyouts, factory closings and Leona Helmsley's belief that "only the little people pay taxes...

Author: By Garrett A. Price iii., | Title: Robocop Return Offers Action, Social and Political Messages | 6/29/1990 | See Source »

...Texans like to say. A successful real-estate developer, in 1982 he bought a tiny savings and loan in his hometown of Vernon and built it into a giant, at least on paper. By luring deposits from across the U.S. with high interest rates, Vernon S&L grew a spectacular 1,600% in just four years, making it one of the 20 largest thrifts in the state. But the S&L was lending money faster than it was coming in, often to projects on shaky financial footing. Meanwhile, Dixon indulged his taste for excess, notably a $22,000 gastronomic tour...

Author: /time Magazine | Title: Good Ole Bad Boy | 6/25/1990 | See Source »

...there such confusion when the oil companies and the public had been given a spectacular warning in Alaska? Once again Congress has delayed, and the Bush Administration has applied no pressure to speed up legislation that might alleviate an urgent problem...

Author: /time Magazine | Title: Who's In Charge Here? | 6/25/1990 | See Source »

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