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...nations will draw the U.S. back into direct talks with Pyongyang over peace on the Korean peninsula, says TIME's David Jackson. "For years the North has tried to go around the South and negotiate directly with the US. Basically, North Korea figures Washington is easier to bargain with than South Korea, but U.S. policy has been to insist that the future of the Korean Peninsula be settled between Pyongyang and Seoul." Although both countries are still technically at war, having never signed a peace treaty, both see reunification as inevitable. With each incursion, Jackson says, North Korea is trying...

Author: /time Magazine | Title: Hard Bargaining | 5/19/1996 | See Source »

...cereal makers insist that their products are a bargain, particularly with discount coupons. Even without them, the industry estimates that the average cost of a bowl of cereal, including milk, is about 35'. Yet shoppers who watch their families gobble up a $5 box of cereal in a couple of sittings still consider the cost to be considerable. Ann Rhodes, a mother with three children at home in Waterford Township, Michigan, says of her family, which can shred seven boxes of cereal weekly, "The 14-year-old will eat a whole box if you let him, and the 11-year...

Author: /time Magazine | Title: CEREAL SHOWDOWN | 4/29/1996 | See Source »

...amounts to a cynical bargain. White parents congratulate themselves for doing the racial right thing at no real cost to themselves. Affluent blacks get the assurance that their children will learn to get along in the white world in which they will someday compete and the status that goes with sending them to a prestigious school. Most poor black children, meanwhile, are stuck in decrepit ghetto classrooms...

Author: /time Magazine | Title: DIVIDING LINE: WHY WE NEED TO RAISE HELL | 4/29/1996 | See Source »

Even in disgrace, Dan Rostenkowski, the former chairman of the House Ways and Means Committee, has managed to leave his influential imprint. During two years of aggressive court challenges that led up to Rostenkowski's plea bargain last week, his lawyers blazed a trail of legal precedents that could significantly benefit future suspected congressional culprits. One decision makes it more difficult to prosecute breaches of less-than-crystal-clear congressional rules; it has already been used to throw out charges against former Ohio Representative Mary Rose Oakar for writing bad checks to the now defunct House bank. Another Rosty precedent...

Author: /time Magazine | Title: Notebook: Apr. 22, 1996 | 4/22/1996 | See Source »

...million--or more than $160,000 per job--to persuade Mercedes-Benz to locate in the town of Vance (pop. 400) a $520 million plant that will begin building sport-utility vehicles next year. A new crop of state leaders declare that their predecessors could have driven a harder bargain...

Author: /time Magazine | Title: A NO-WIN WAR BETWEEN THE STATES | 4/8/1996 | See Source »

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