Time Magazine Contents Page
60
WORLD: Facing a Tory revolt, Britain's Margaret Thatcher gracefully steps aside as Prime Minister
The end of an era comes with stunning speed, but can her challengers fill her shoes at home and abroad? The U.S. cajoles its allies to support a U.N. resolution permitting military action against Iraq. Eastern Europe's fledgling democracies find that freedom is not cheap.
44
NATION: Despite a massive crackdown, the U.S. is losing the war on drugs
The view that victory is in sight is shared by the President and his outgoing drug czar. While drug use has plunged in the middle class, cocaine and crime still rage in poor neighborhoods. Bush shares Thanksgiving with the G.I.s.
80
BUSINESS: Retailers brace for a lean Christmas
Consumers worried about recession and war are shopping for bargains this year. Junk-bond king Michael Milken pulls a stiff ten-year prison term.
89
RELIGION: Making up with the Jesuits
The Pope assigns them a strategic task and signals his renewed confidence in the church's biggest and most influential men's order.
95
CINEMA: Under The Sheltering Sky with Bertolucci
The director makes a bleak, beautiful film of Paul Bowles' celebrated novel. Debra Winger and John Malkovich powerfully portray a pair of existential tourists in North Africa.
102
SPORT: Forget the Super Bowl this year
The upcoming game between the San Francisco 49ers and the New York Giants, two contrasting powerhouses, is shaping up as the contest of the season.
124
ART: The auction boom of the '80s, especially for contemporary works, goes pffft!
With the oxygen going out of the U.S. economy and Japanese collectors scared by the descent of their stock index, the fall sales at Sotheby's and Christie's are jolted by a major shake-out in the art market. Top-quality works still command good prices, but the overhyped contemporary field suffers a massacre, with many offerings going unsold. Moreover, the decline casts new doubts on the competitive tactics of the auction houses.
112
BEHAVIOR: Is the country in a depression?
Unemployment is climbing and inflation rising, but sales of Halcion (for insomnia) and Prozac (depression) are brisk. When the economy slumps, so does the national psyche.
14 American Scene
22 Interview
38 Critics' Voices
43 Grapevine
91 Medicine
91 Education
94 Press
97 People
98 Show Business
104 Environment
107 Food
114 Books
123 Music
123 Milestones
126 Essay
Cover: Photograph from London Express/Editorial Enterprises