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...from around 530 to 750. By now, this fury of calamities has pushed Mexico to the brink of defaulting on its foreign debt of $98.6 billion. As De la Madrid recently warned, ''Dead men don't pay debts.'' Last week the country scrambled to avoid a financial collapse. The Central Bank intervened in currency markets to push the peso back to 660. De la Madrid appeared on TV, stronger and more simpatico than usual, to allay doubts about his wavering government. Paul Volcker, chairman of the U.S. Federal Reserve Board, made a secret trip to Mexico to try to expedite...

Author: /time Magazine | Title: MEXICO DEAD MEN DON'T PAY UP Almost everything is going wrong at the same time | 7/21/2008 | See Source »

...luscious quality. In a tantalizing way, she seems to represent the past and the future: her round face and small, full mouth recall a silent-film heroine's docility, yet her bold attack is as fresh and fearless as tomorrow. She was born in Alma-Ata, Kazakhstan, deep in Central Asia. Both of her parents were dancers. At ballet school in Leningrad, her talents were spotted early. Says Vinogradov: ''I saw she had unique possibilities. She feels the movement very profoundly, and she is very beautiful on stage.'' In the stratified Soviet system, he has brought her along relatively fast...

Author: /time Magazine | Title: THREE WHO CAPTURE THE MAGIC New ballerinas from Italy, Russia and France are revelations | 7/21/2008 | See Source »

...flies daily an average of 1,100 lbs. of documents to the balmy island. In Barbados, some 500 computer keypunch operators employed by Caribbean Data Services, a subsidiary of the airline, transfer the ticket information to magnetic tape. The electronic data are then beamed by satellite to American's central computer in Tulsa. Despite extra expenses like the cost of transmitting the data by satellite, the overseas operation saves money for the airline. The main reason: Barbados data processors are paid $2.20 an hour, much less than the $9 that American used to pay its U.S. keypunch operators...

Author: /time Magazine | Title: HAVE DATA, WILL TRAVEL | 7/21/2008 | See Source »

...freedom in seeking one. He argued that the states have a right to regulate the circumstances under which a woman may terminate a pregnancy. O'Connor disputed what she called the court majority's ''ad hoc nullification'' of a state regulation. Government intervention in deeply personal decisions was also central to the Baby Doe ruling. Baby Doe ws an infant boy born in 1982 suffering from Down's syndrome, a congenital condition characterized by mental retardation. An Indiana hospital let him starve to death after his parents decided to forgo surgery to remove an obstruction in his esophagus. Profoundly upset...

Author: /time Magazine | Title: ABORTION'S SHRINKING MAJORITY | 7/21/2008 | See Source »

...Office, Congress's independent investigative unit, which presented dismaying evidence that much of the $27 million in nonlethal aid donated to the contras by the U.S. last year never got to them. Of $3.3 million given to one broker for the contras, only $150,000 was actually sent to Central America. Most of the money went to American companies and individuals, and $380,000 was funneled into offshore bank accounts on Grand Cayman Island or in the Bahamas. Alluding to President Reagan's controversial comparison of the contras to America's founders, Democratic Congressman Gerry Studds quipped, ''Our Founding Fathers...

Author: /time Magazine | Title: CONTRETEMPS | 7/21/2008 | See Source »

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