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...symbols showed that pluralism and democracy could somehow coexist with a leftist revolution. One was the fiercely independent newspaper La Prensa, which has become an increasingly vocal critic of the nine-man Sandinista directorate. The other was the Superior Council of Private Enterprise, known by its Spanish acronym COSEP, a politically powerful association representing the country's embattled private business sector. Earlier this month the Sandinista government threatened to close down La Prensa. Last week the Sandinistas moved against COSEP. After publicly accusing the government of egregious economic mismanagement and "an undeniable Marxist-Leninist line," four leaders of COSEP...

Author: /time Magazine | Title: Nicaragua: Crackdown | 11/2/1981 | See Source »

...Formula One auto race. Watkins Glen, population 3000, has hosted the United States Grand Prix every year since 1961, but this summer the Watkins Glen Grand Prix Corporation could not come up with the prize money demanded by the International Federation of Auto Sport (known by the French acronym of FICA). "In 1970 the Formula One purse was $244,000. Last year we put up one million; this year they wanted 1.2 million," says Malcolm Currie, Executive Director of the Corporation. "If you can't afford something you obviously...

Author: By Bruce Schoenfeld, | Title: From The Glen to The Palace | 10/15/1981 | See Source »

...acronym-awed Washington, stirring up the alphabet soup is a serious matter. Thus it has become a critical concern in the capital that White House officials have begun referring to certain ongoing negotiations with the Soviet Union not as a continuation of SALT (which stands for Strategic Arms Limitation Talks) but as START (for Strategic Arms Reduction Talks...

Author: /time Magazine | Title: Can START Be Stopped? | 10/12/1981 | See Source »

SALT was first coined as an acronym in 1968 by State Department Official Robert Martin. Senior officials at State thought it a bit too cute, but the then trendy CIA and the media picked it up, and the designation stuck. At his first press conference in January, however, President Reagan noted that "SALT means Strategic Arms Limitation, but . . . we should start negotiating on the basis of trying to effect an actual reduction." So National Security Adviser Richard Allen started START. Eugene Rostow, director of the Arms Control and Disarmament Agency (ACDA, which rhymes roughly with actor, at least in Boston...

Author: /time Magazine | Title: Can START Be Stopped? | 10/12/1981 | See Source »

United Kingdom. Critics now refer to Prime Minister Margaret Thatcher as "Tina," an acronym of her repeated declaration that "there is no alternative" to her government's punishing policies. Although unemployment has more than doubled from 5.4% when she took office in May 1979 to 12.4% last month, Thatcher adamantly believes a decline in the inflation rate, now 11.5% annually, is a precondition to economic growth. "I did not promise a quick answer," she told Parliament during the Liverpool riots. She is fighting to hold average-wage increases to 4% for the country's 7 million public sector...

Author: /time Magazine | Title: Western Europe: Unemployment Plague | 10/12/1981 | See Source »

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