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...their stock of money grows, the Japanese are at last showing tentative signs of being a little more self-indulgent. An $11 billion income tax cut this year, shorter working hours and rising incomes have increased demand for items as diverse as bread-baking machines, self-stirring saucepans, oversize TVs and imported cars. Even things "made in the U.S.A." are becoming more popular -- though not as fast as many American producers would like. Notes MITI's Sugiyama: "We're still trying hard to add to our shopping list something other than jets and computers from...

Author: /time Magazine | Title: Japan Let Us Shake Hands | 10/19/1987 | See Source »

Meet Oliver North, Superstar. The Marine lieutenant colonel with the oh-so- earnest baby blues was everywhere last week. His face flickered in dizzying multiplicity on banks of TVs at every department store, as well as in bars and restaurants and millions of homes. While North was not exactly an overnight sensation, he completed his transformation from rather notorious White House staffer to full-fledged American icon...

Author: /time Magazine | Title: Olliemania Breaks Out All Over | 7/20/1987 | See Source »

...Reagan Administration's new 100% tariffs were levied on some Japanese color TVs, personal computers and power tools. Although the sanctions will affect only a tiny fraction of overall bilateral trade, they will hurt some Japanese manufacturers. But for the middlemen peddling Japanese microchips to foreign buyers, business will probably go on as usual. Already some American enterprises dependent upon inexpensive Japanese chips are busy looking for legal loopholes to exempt them from the U.S.-Japanese semiconductor agreement signed last year. In the meantime, tensions show no sign of abating. When Yasu calls on his friend...

Author: /time Magazine | Title: Japan Yasu, the Chips Are Down | 4/27/1987 | See Source »

...went back and forth, I kept noticing lots of cultural differences. The lowlands were modernized--they had TVs and what not--while the highlands still had a more cohesive, traditional culture," the graduate of UC (Santa Barbara) says. "It occurred to me that this cultural dichotomy between the highlands and the lowlands would have had to be even greater in ancient times...

Author: By Jennifer L. Mnoookin, | Title: Dirty Hands in Foreign Lands | 11/13/1986 | See Source »

...Only 15 minutes before the President went on national television last Tuesday, the Chief Justice's clerks fanned out to other chambers bearing copies of Burger's resignation letter. The Justices and their staffs were then invited to the court's paneled conference room, where a pair of TVs had been set up. Only when the President appeared on the air with Rehnquist and Scalia standing beside him did the brethren learn the identity of their new chief and new colleague...

Author: /time Magazine | Title: Reagan's Mr. Right | 6/30/1986 | See Source »

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