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Saddam Hussein has been called a lot of things during the past month, but at the Chicago Mercantile Exchange he's known as "Mr. Bonus." Yearly bonuses at the Merc are keyed to the number of broker transactions, and the 1990 figures were looking grim -- until the invasion of Kuwait stirred up huge action in Eurodollars and stock-index futures...

Author: /time Magazine | Title: It's An Ill Wind | 9/10/1990 | See Source »

...President, whose tiny National Reconstruction Party has only a handful of congressional seats, has vowed to veto the bill, a move certain to be unpopular. To avoid a backlash at the polls two months from now in congressional elections, the government will offer low-income workers a onetime wage bonus. Following through on the rest of his program will depend heavily on the returns from those elections, when as many as 70% of the current legislators may be replaced. The question is whether the infusion of fresh blood will help Collor in his drive toward the First World -- or will...

Author: /time Magazine | Title: Brazil The Biggest Shake-Up | 8/6/1990 | See Source »

...week when the President made his dramatic turnabout. Bush was also engaged in last- minute telephone talks with Japanese Prime Minister Toshiki Kaifu on a long-range program to shrink America's $50 billion annual trade gap with Japan. Bush's statement on "increased tax revenues" produced a timely bonus: it met the principal Japanese demand that the U.S. bring down the federal deficit...

Author: /time Magazine | Title: A Message for Tokyo | 7/9/1990 | See Source »

...bonus, some of the paintings are being seen in the U.S. for the first time. Most of the best work that Morocco evoked from Matisse was bought by those two pioneer collectors Sergei Shchukin and Ivan Morosov and has remained in Leningrad's Hermitage and Moscow's Pushkin museums since the Russian revolution. As no reproduction has ever done justice to the peculiar intensity of the thin, washed, yet highly saturated color Matisse developed in Morocco, one is grateful that the components of this phase of his work have at last been reunited. Matisse was a mature painter...

Author: /time Magazine | Title: Art: A Domain of Light and Color | 7/2/1990 | See Source »

...final contest in Rome on July 8? Highly unlikely. In 1950 an unheralded U.S. squad shook the soccer establishment to its shoelaces by beating mighty England in a Cup game. But in this age of cautious play, when winning the Cup can net international stars $250,000 each in bonus money, the Americans will probably go winless. In the first round they are up against veteran squads from Austria, Czechoslovakia and Italy, a three-time champion. Bookmakers give the U.S only a 1-in-500 chance of bringing home the Cup. But U.S. Coach Bob Gansler gamely vows that...

Author: /time Magazine | Title: Sport: Here Come the Yanks! | 6/11/1990 | See Source »

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