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...safeguard their gains. In 1919 the Treaty of Versailles was intended to disarm Germany and keep it weak. Following World War II, the Allies tried at Yalta and Potsdam to shape a reordered Europe but ended up splitting it between East and West. Now another world struggle, the long, bitter cold war, has ended, and the architects of security are back at their drawing boards. They are trying to seal peace and stability into Europe's future and, although they don't say so very loudly, hedge against the rise of a vengeful Russia. In Madrid this week, a summit...

Author: /time Magazine | Title: NATO PLUS THREE | 7/14/1997 | See Source »

Darnielle's performances, like his music, are bitter yet endearing--songs range from unsettling weirdness to striking beauty. For an hour and a half at the Middle East Upstairs Concert Hall, the Mountain Goats put forth much of both, simultaneously soothing and unsettling a rather overeager but courteous audience. Pleasing a crowd that could have convinced unbelievers with a glimpse into the life of a Mountain Goat...

Author: By Luke Z. Fenchel, | Title: Not Just Bleating: The Mountain Goats Perform at The Middle East | 7/11/1997 | See Source »

...widower, which surely explains his pensive silences. His son is in jail, his daughter-in-law is in need of rescue from drugs and low company, and his granddaughters, who live with him, require large helpings of love, patience and understanding. All that, doubtless, justifies the bitter flashes that occasionally illuminate his frozen taciturnity...

Author: /time Magazine | Title: CINEMA: STINGLESS | 7/7/1997 | See Source »

China's leaders have been paralyzed by the conundrum of Shenyang. Failure to stop the spiraling losses of the state factories could destroy China's economic miracle, yet the cure is an exceedingly bitter one: the dismantling of the system that guaranteed workers lifelong employment and social benefits. Pushing ahead with reform depends on how much pain and suffering people will take before they resort to rebellion. In March, Finance Minister Liu Zhongli acknowledged that reform of the enterprises was "important for the destiny" of the nation, but President Jiang Zemin has been moving ahead very cautiously. He seems...

Author: /time Magazine | Title: INSIDE CHINA | 6/30/1997 | See Source »

Takeover wars are always messy clashes of money and egos in which each side accuses the other of trying to give shareholders the shaft. But the bitter and protracted fight for ITT (1996 sales: $6.6 billion) is a throwback to the corporate wars of the 1980s. "It is very troubling that he didn't put the hotel properties up for bidding," says Mark Sirower, a professor of corporate strategies at N.Y.U.'s Stern School of Business and author of The Synergy Trap: How Companies Lose the Acquisition Game. "He's supposed to maximize the value of these assets...

Author: /time Magazine | Title: ITT'S STRIP SHOW | 6/23/1997 | See Source »

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