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...which is challenging IBM in the computer business, entry into the competitive world was rough. To cut costs, the company eliminated 11,000 of the 253,000 jobs in its AT&T Technologies branch. The stars of the divestiture were the seven Baby Bell companies. They earned $5 billion in the first nine months of 1984 and were favorites on Wall Street...

Author: /time Magazine | Title: A Year of Rolling Sevens | 1/7/1985 | See Source »

Many contras, however, are barely surviving. Times have been hardest for Eden Pastora Gomez, the volatile leader of an ARDE branch that at one time had as many as 2,500 men. Over the past few months, hundreds of his supporters have sought refuge in Costa Rica, where many of them have sold their $1,000 automatic weapons for as little as $100. "In the best month, we got $600,000 from the gringos," recalls a Pastora aide. "Now, we get nothing. If one of us manages to scrape together $5,000, we buy rice and maybe 20,000 rounds...

Author: /time Magazine | Title: Nicaragua: Support Your Local Guerrillas | 12/24/1984 | See Source »

Weinberger's most controversial assertion, though, concerned the War Powers Act, which prevents a President from committing combat troops abroad for more than 60 days without specific congressional authorization. "Decision-making authority in the Executive Branch has been compromised by the Legislative Branch to an extent that actively interferes," Weinberger declared, a position that Reagan and Secretary Shultz share. In essence, the eleven-year-old act limits the President's freedom to wage undeclared wars. For Congress that constraint is one of the lessons of Viet Nam. But critics point out that the time limit...

Author: /time Magazine | Title: The Watchword Is Wariness | 12/10/1984 | See Source »

...paying for our myopia for years to come, because the President now has the rare opportunity to dramatically after the composition of that revered branch of government and insure that in the judicial arm at least, his brand of conservatism will live on long after his tenure in office. Laws passed by a conservative Congress may be overturned in later sessions and executive orders may be rescinded by later chiefs, but a Reagan lifetime appointee to the High Court will have say on much viral matters as abortion, school prayer and affirmative action well into the next century...

Author: By William S. Benjamin, | Title: The Once and Future Court | 12/7/1984 | See Source »

...main outlines of Eliot's career are well known. Born in St. Louis, a scion of the Midwestern branch of a distinguished American family, he studied English literature at Harvard and then pursued, with diminishing zeal, a Ph.D. in philosophy. He settled in London and worked in a bank to support himself and his English wife. When he found time and inspiration, he wrote poems, including The Waste Land (1922), that helped shape the 20th century imagination. He took up British citizenship and abandoned the Unitarianism of his parents to become a convert to the Anglican Church. He spent...

Author: /time Magazine | Title: Books: The Confidential Clerk | 12/3/1984 | See Source »

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