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...march began as a peaceful protest against the two-month-old agreement between Britain and Ireland, which grants Dublin a say in Northern Ireland's affairs. But after 2,500 Protestants arrived at the gates of Maryfield House, the headquarters of the Anglo-Irish secretariat outside Belfast, the march became a melee. Toughs hurled paving stones at Royal Ulster constabulary, injuring 26 officers. Unionist leaders denounced the violence but warned of a "complete collapse of government here" if Britain did not end the accord...

Author: /time Magazine | Title: World Notes: Jan. 20, 1986 | 6/21/2005 | See Source »

...however, is far from all-embracing. The regulation will not apply if an acquiring company has "substantial assets," including real estate holdings, manufacturing operations, or any cash-generating business, to back up the takeover. Nor would the use of junk bonds be prohibited when two firms make a friendly agreement to merge...

Author: /time Magazine | Title: Scrap over Junk: Restricting dubious bonds | 6/21/2005 | See Source »

Gorbachev's first phase would also include an agreement for "elimination" of U.S. and Soviet intermediate-range missiles from the "European zone." At first glance that looks like Reagan's zero option: no U.S. missiles in Western Europe (the U.S. is deploying 108 Pershing II ballistic and 464 Tomahawk cruise missiles in five countries); no Soviet missiles targeted on Western Europe (Moscow has more than 250 mobile, triple-warhead SS-20s in place). Up until last week, the Soviets insisted on keeping enough SS-20s (roughly 140) to equal the number of missiles in the independent British and French nuclear...

Author: /time Magazine | Title: A Farewell to Arms? Gorbachev's disarming proposal | 6/21/2005 | See Source »

Another question is whether an agreement on intermediate-range missiles would be conditioned on U.S. renunciation of Star Wars. Negotiator Karpov told journalists in Geneva that elimination of so-called Euromissiles could be negotiated "without links to strategic or space weapons." But Gorbachev's statement asserted that large-scale reductions would be possible "only if the U.S.S.R. and the U.S.A. mutually renounce the development, testing and deployment of space strike weapons...

Author: /time Magazine | Title: A Farewell to Arms? Gorbachev's disarming proposal | 6/21/2005 | See Source »

...second stage of Gorbachev's program, which would begin by 1990 and last five to seven years, the U.S., the Soviet Union and "other" nuclear powers would make further reductions in intermediate-range missiles and carry out a phased elimination of battlefield nuclear weapons. The problems are obvious: agreement would be required not only from Britain and France but from China, the other known member of the "nuclear club" and a nation that has so far refused to join any nuclear negotiations. An even stickier problem is that the U.S. and its NATO allies depend on nuclear weapons to deter...

Author: /time Magazine | Title: A Farewell to Arms? Gorbachev's disarming proposal | 6/21/2005 | See Source »

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