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...goods available will reduce his country's burgeoning surplus with the U.S. But if the program fails to show quick results, Japan may face retaliation. Congress has before it a stack of protectionist bills, including a measure to add a 20% across-the-board tariff to imports. --By Janice Castro. Reported by Gisela Bolte/Washington and Edwin M. Reingold/Tokyo

Author: /time Magazine | Title: Promises, Promises | 4/18/2005 | See Source »

Peru's gambit comes at a time when talk of default is in the air. As García took office, 1,200 delegates from Latin America and the Caribbean gathered in Havana for a debt conference, and Fidel Castro urged his guests to repudiate their obligations. Bankers remain confident, however, that the Latin American countries will not default. Such a drastic strategy would cut them off from international credit, which for some is the only means of paying for vital imports like food and fuel...

Author: /time Magazine | Title: Defiant Debtor | 4/18/2005 | See Source »

Edward Dunbar seemed to have achieved the American dream. In the mid-1970s, the Castro Valley, Calif., resident started Dunbar Oil with a single discount gas station. When the oil crisis hit, business boomed, and Dunbar Oil grew into a chain of 34 stations strung around San Francisco Bay. By 1981 the company was earning more than $33 million a year...

Author: /time Magazine | Title: Business Notes: Aug. 5, 1985 | 4/12/2005 | See Source »

...uncharacteristically generous gesture, [Cuban President Fidel] Castro said that any Cuban citizens who wish to pay their respects to the Pope at the Vatican will be given a free raft and a push." --DENNIS MILLER

Author: /time Magazine | Title: Punchlines: Apr. 18, 2005 | 4/10/2005 | See Source »

...been to the Soviet Union several times because of the Goodwill Games. [Mikhail] Gorbachev is my buddy and so is [Fidel] Castro. I've been to Cuba two times. We go hunting and fishing together...

Author: /time Magazine | Title: Book Excerpt: My Life So Far | 4/4/2005 | See Source »

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