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Until last week's announcement, Arias was not even rumored to be a serious contender for the prize. In Oslo the odds-on favorites among the 93 nominees included President Corazon Aquino of the Philippines, President Raul Alfonsin of Argentina, and the World Health Organization. The five-member committee maintained a stoic silence until the formal declaration, which cited Arias for his "outstanding contribution to the possible return of stability and peace to a region long torn by strife and civil war." Afterward, Committee Chairman Egil Aarvik, 75, made clear the committee's intent. "We hope that the award will...

Author: /time Magazine | Title: Central America Golden Opportunity for Don Oscar | 10/26/1987 | See Source »

Arias' fellow signers of the peace plan responded with delight. Arias is only the fourth Latin American in the prize's 86-year history to join the pantheon of peace laureates (the others: Argentina's Carlos Saavedra Lamas in 1936 and Adolfo Perez Esquivel in 1980 and Mexico's Alfonso Garcia Robles in 1982). Ortega telephoned his congratulations, telling Arias, "Your initiative and efforts have brought us closer to peace." Duarte, on a three-day visit to Washington, lauded Arias' achievement several times during a State Department luncheon. "He wanted peace, not for himself," said Duarte. "He was thinking...

Author: /time Magazine | Title: Central America Golden Opportunity for Don Oscar | 10/26/1987 | See Source »

...elected President of Lebanon in 1982, had been on the CIA payroll for years; the agency monitored Egyptian President Hosni Mubarak's phone conversations during the Achille Lauro crisis; and Argentine officials supplied intelligence data to the CIA during the Falklands war, information that was passed along to Britain, Argentina's enemy in the conflict. Woodward relates that a suspect being interrogated for the 1983 bombing of the U.S. embassy in Lebanon died after being tortured by a CIA officer with an electroshock device. (The officer involved was later fired.) There are gossipy revelations about Libyan Leader Muammar Gaddafi (according...

Author: /time Magazine | Title: Did A Dead Man Tell No Tales? | 10/12/1987 | See Source »

...growth of competing satellite systems that would bypass Comsat. The clever and resourceful attorney moved swiftly to increase Intelsat's flexibility. Among other things, Colino led Intelsat to sell satellite transponders, which are the parts of the orbiters that relay electronic signals, to 13 countries, including Japan and Argentina, which use them only for domestic communications needs. The move greatly reduced the costs for those countries of setting up national communications systems. Under Colino's leadership, Intelsat's revenues grew by more than $30 million...

Author: /time Magazine | Title: The Mysterious Fall of a Star | 10/5/1987 | See Source »

...coming," said Edgardo Catterberg, a party pollster. "There was a national sense of unfulfilled expectations." At issue was the government's handling of the economy. Inflation, which was running in the single digits two years ago, is now nearly 14%. Alfonsin's determination to make regular interest payments on Argentina's $54 billion foreign debt also continues to stir controversy. Addressing a business group late in the week, he cautioned, "We have lost the elections, but the tree has not fallen. No one should try to take wood before its time...

Author: /time Magazine | Title: Argentina: Surprise at the Ballot Box | 9/21/1987 | See Source »

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