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...will take weeks, perhaps months, to assess the financial toll of last week's earthquakes. But most analysts of Mexican affairs would agree that the disaster could not have come at a worse time for the country's troubled economy. As Peter Bell, a senior associate at the Carnegie Endowment for International Peace in Washington, puts it, "Mexico has been going through something like the trials...

Author: /time Magazine | Title: The Trials of Job | 9/30/1985 | See Source »

...Americans have long enjoyed blissful ignorance. Phrases like "terms of trade" were more likely to suggest a baseball-player swap than something that could gravely affect people's jobs or incomes. Those innocent days, though, are past. When TIME's Board of Economists met last week in Manhattan to assess the business outlook, the animated session was dominated by issues ranging from the colossal U.S. foreign trade deficit to the financial crisis in South Africa. Said Alan Greenspan, a New York City-based economic consultant: "We are looking at an unprecedented period in American history. What's going on internationally...

Author: /time Magazine | Title: Dancing to a Foreign Tune Time's | 9/23/1985 | See Source »

...part of its overall military modernization, the Reagan Administration has ordered or overseen major improvements in all three of the Triad's legs. To assess the changing nature of the nation's strategic defense machine, TIME Pentagon Correspondent Bruce van Voorst sampled day-to-day operations in each of the Triad's components. He dived with the Trident submarine Henry M. Jackson off the Bahamas as the vessel made final preparations to join the Pacific Fleet, strapped himself into the cramped confines of a B-52 on a simulated bombing strike out of South Dakota's Ellsworth Air Force Base...

Author: /time Magazine | Title: Toning Up the Nuclear Triad | 9/23/1985 | See Source »

Both sides in Nicaragua need time to assess what effect the new U.S. support, both financial and moral, will have on the military struggle. "It is clear that nothing would move off dead center without the funding," says a senior State Department official. "With it, we've bought another year to see where events take us." As for new negotiations, says another American diplomat, "there is no eagerness here to resume until the Sandinistas give us a reason that would be in our interest...

Author: /time Magazine | Title: Building A Contra CONSENSUS | 6/24/1985 | See Source »

...Washington struggled to assess the damage caused by the Walker scandal, Moscow engaged in some spy bashing of its own. The Soviet news agency TASS announced last week that Paul M. Stombaugh, a second secretary at the U.S. embassy, had been caught "conducting an espionage action" and would be expelled from the U.S.S.R...

Author: /time Magazine | Title: Operation Damage Control | 6/24/1985 | See Source »

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