Word: brinks
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When great states come anywhere near the brink in the nuclear age, there is no room for games of blindman's buff. Nor can friends be led by silence. They must know what we are doing and why. Effective communication is never more important than when there is a military confrontation...
Marcos's record of dubious accomplishments includes more than the systematic violation of fundamental human rights. He has overseen the destruction of democracy in his country, coordinated the repression of his people at the hands of the military and brought the Philippines' economy to the brink of collapse. And what reward does Marcos receive for all his achievements? When he arrived in the U.S. a week ago, President Reagan welcomed him warmly and hailed him as "a voice of reason and moderation...
Ironically, the attacks on West Beirut came just as Habib thought that his peacemaking mission was on the brink of success. Early last week a Habib aide placed what State Department officials termed a "euphoric" call to Washington. Habib, who had been repeatedly in touch with the P.L.O. through his Lebanese intermediaries, sent home a cable that was a bit more cautious, indicating considerable optimism but noting that there were still t's to be crossed and i's to be dotted." Even so, declared one top State Department official, "we had 95% and only needed a couple...
...year later, the same script is being replayed in gruesome detail. An economy teetering on the brink of Depression has revealed the true fruits of "voodoo economics," yet this year, House Democrats were so eager to pass the Administration's tax bill word-for-word that they saw no reason to even debate it, let alone observe the lower chamber's Constitutional responsibility to initiate tax legislation! And so Americans will be hit with the largest tax increase in their history--this from the man who promised to "reduce the burden of the federal government"--largely in the form...
...long as the U.S. economy remains sluggish and many companies continue to teeter on the brink of bankruptcy, some banks will be wobbly, even though American banking is basically solid. Says Arthur Soter, a bank analyst for New York's Morgan Stanley: "By the time this recession is over, the cases of sheer stupidity may be far less than in the mid-1970s, but overall losses could turn out to be worse." Like the hard-pressed companies and countries to which they have made heavy loans, U.S. banks now have to face up to serious past mistakes and pressing...