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...disaster, analysts contend, are the politics of cronyism, a web of incestuous relationships between business and government that formed after the inauguration of President Carlos Andres Perez in 1989. If during his first term as President, from 1974 to 1979, Perez had turned the economy into a state-dominated behemoth, he moved in the opposite direction during his second: toward privatization, deregulation and free- market economics...

Author: /time Magazine | Title: BANKING: WE'RE ALL GOING TO PAY | 2/20/1995 | See Source »

...this be the same military behemoth that loomed over NATO for 40 years of cold war? As a matter of fact, no. This is the crippled army produced by the ) breakup of the Soviet Union and the near collapse of the Russian economy. The hardened troops of Ukraine and Belarus, with most of their equipment, are gone. The former Soviet Army's strength of almost 3 million men is now down to less than 1.5 million. The defense budget has been slashed, leaving units in the field with no money for fuel, fleets rusting in port, planes grounded without spare...

Author: /time Magazine | Title: Why It All Went So Very Wrong | 1/16/1995 | See Source »

Intel had reason to be high-handed: 80% of personal computers used in the world have "Intel inside." But the company didn't count on being blindsided by another behemoth. Last week IBM, the world's largest computer maker and one of Intel's biggest customers, announced that it was halting shipments of all its products containing the Pentium (about half the personal computers it is at present sending out to stores). Brandishing its own laboratory research, IBM contended that the chip's mistakes were far more frequent than Intel had let on. Said G. Richard Thoman, an IBM senior...

Author: /time Magazine | Title: When the Chips Are Down | 12/26/1994 | See Source »

...Aimesworth vs. the Dark Elves in six sprightly windows (with narration by Cindy Crawford, Peter Duchin, Brooke Shields, Dominick Dunne, Martha Stewart and seven others). At Fendi the Christmas trees are as svelte and haughty as the Euro-mannequins. From the windows of the Warner Bros. Studio Store, a behemoth Bugs and three of his Looney Tunes pals gaze fretfully across 57th Street at the Tiffany's display -- cuddly bears in tuxedos, snow gear and seraphim wings...

Author: /time Magazine | Title: I Like New York in Yule | 12/12/1994 | See Source »

...Because that rule expires in January, the next Congress, under G.O.P. control, would be free to decorate GATT with subclauses sure to kill it because each one would have to be renegotiated with all 123 signatory nations. With its 26,000 pages of agreements and rules, GATT is a behemoth that just a few additions could tip over...

Author: /time Magazine | Title: After the Revolution | 11/28/1994 | See Source »

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