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West Germany has maintained that the 72 missiles cannot be included in a superpower arms deal since they do not belong to the United States, and the Reagan administration has supported that stance...
...made conflicting noises about whether they might agree to this, but their official position is that they will not. Another stumbling block involves shorter-range missiles. The Soviets insist that 72 old Pershing 1A missiles in West Germany must be dismantled as part of a deal. While the missiles belong to the West Germans, their nuclear warheads belong to the U.S. American officials say eliminating these systems would cause a political uproar in Bonn and strain its ties with Washington. That may be precisely what Moscow has in mind...
Most fans of Elizabeth Murray's work will remember a time, only ten or twelve years ago, when the American art world decided that Painting Was Dead. Henceforth the future would belong to videotapes, "propositions," "events" and bits of string on the gallery floor. The exequies over the body were as solemn as they were premature; dust devils of argument spun through art magazines, scattering the ashes. Though no prophecy could have proved less correct -- painting has filled the horizon of American art in the '80s, almost to the point of monopoly -- a young artist needed cussedness and conviction...
Like commercial creditors, the Paris Club governments insist that creditors who plead for rescheduling should receive at least a word of approval and an interim loan from the International Monetary Fund in Washington, an organization to which club members also belong. Then, to convince the club that they are truly unable to pay back outstanding loans, petitioners must do a virtual striptease, disclosing their most sensitive financial data. "One of the unwritten rules is that the confidentiality of a debtor country's economic and financial statistics is sacrosanct," Trichet explains...
...generation of workers graduating from college today may find themselves in a better position. They belong to the "baby-bust" generation, and their small numbers, says Harvard Economist David Bloom, will force employers to be creative in searching for labor. Child-care arrangements, he says, will be the "fringe benefits of the 1990s." The economics of the situation, if nothing else, will provoke a change in the attitude of business, just as the politics of the situation is changing the attitude of government. In order to attract the necessary women -- and men -- employers are going to have to help them...