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Regan had long ignored allies' complaints about the U.S. budget deficit and concerns at home about an overvalued U.S. dollar that had led to a dismal American trade deficit. Baker reversed that stance with the September 1985 Plaza accord, a five-nation cooperative attempt to hasten the dollar's decline. Baker tried to use the dollar's continuing fall as a diplomatic tool. His aim: to chivy West Germany and Japan into expanding their domestic economies, while counting on the U.S. currency's drop in value to start reversing the ugly trade figures...

Author: /time Magazine | Title: Challenge for A Great Persuader | 6/8/1987 | See Source »

Socialist Prime Minister Andreas Papandreou came to power in 1981 vowing not to renew an agreement that allows the U.S. to maintain four large military bases in Greece. With 19 months left before the accord expires, Papandreou last week announced he would call a referendum on the issue. The vote will take place only if Greece and the U.S. are able to come up with terms of a new pact for voters to ratify. Papandreou has gradually been softening his stand on the bases in recent months. Foreign Minister Karolos Papoulias will meet with Secretary of State George Shultz during...

Author: /time Magazine | Title: Greece: Touching Base With Reality | 6/8/1987 | See Source »

...many of you are no doubt aware, a formal charge of sexual harassment has been brought to the appropriate University authorities...against Professor Susumo Kuno. The matter is currently under investigation in accord with University regulations," Watkins' letter states...

Author: By Julie L. Belcove, | Title: Student Alleges Harassment By Professor | 5/29/1987 | See Source »

...Western diplomat: "The two superpowers are telling Iran it can't win the war. Their presence here has become a sort of Iron Curtain." This spring the Iranian Foreign Minister flew to Moscow to plead for Soviet neutrality in the war, but he came back with no such accord. Last month the Kuwaitis chartered three freighters from the Soviets to carry and protect goods passing through the Persian Gulf on the way to Iraq. The Iranians believe the U.S. is giving clandestine aid to Iraq, although Washington denies any such moves...

Author: /time Magazine | Title: Iran Seeking Eternal Bliss in Battle | 5/25/1987 | See Source »

...Indian government has been struggling since 1983 to control Punjab's militant Sikhs, who have been waging a violent campaign for an independent homeland. After last year's breakdown of a fragile peace accord between the Sikhs and the government, terrorists stepped up their deadly campaign. Nearly 600 people were killed in 1986, and more than 300 have already been murdered this year...

Author: /time Magazine | Title: India: Gandhi Draws The Line | 5/25/1987 | See Source »

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