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...meeting showed how far the concept of summitry has come-or gone-in a decade. The first economic summit took place in November 1975, when French President Valery Giscard d'Estaing came up with the idea of gathering fellow leaders literally around a fireside in the secluded French château of Rambouillet. The only press suite was in the Hotel George V in Paris, about 25 miles away. Something tangible was accomplished: an agreement to change the articles of the International Monetary Fund to accommodate a new economic world of floating exchange rates. Since then, there has been...

Author: /time Magazine | Title: Summitry: A Most Exclusive Club | 6/18/1984 | See Source »

...well-heeled 16th arrondissement still appears in the latest Chanel outfits but has given up sit-down dinners for 40 in favor of buffets for ten and less expensive champagne (Veuve Cliquot instead of Dom Perignon). The elderly count in Provence dwells in one wing of an otherwise shuttered château he hesitates to sell because of the government's "wealth tax" of up to 2.5% on assets over...

Author: /time Magazine | Title: France: Confrontations with Reality | 5/21/1984 | See Source »

...many an arrow into the rumps of this fellow's medieval predecessors. The most famous of his kind, France's devious voluptuary Nicolas Fouquet, was clapped into jail by Louis XIV, who rightly smelled a rat when he visited Fouquet's magnificent Vaux-le-Vicomte, a château that put the Sun King's palaces to shame. King Louis healed the insult by building Versailles...

Author: /time Magazine | Title: The Presidency by Hugh Sidey: Send Him Your Checks | 4/23/1984 | See Source »

...battleground. One young man had his hand blown off by a concussion grenade; another was hit in the face with a tear-gas canister and lost his lower lip. In the nearby town of Réhon, a gang of workers set fire to an elegant château frequented by factory managers; volunteer firemen, themselves off-duty steelworkers, refused to fight the blaze. When the long night was finally over, 15 people had been injured and 25 arrested in eight hours of skirmishes...

Author: /time Magazine | Title: France: An Ugly Backlash in Lorraine | 4/16/1984 | See Source »

Disaster was narrowly averted on the high seas, but Team Spirit '84 maneuvers on land ended in tragedy when a U.S. Marine CH-53D helicopter slammed into the side of a mountain. The entire crew of 18 U.S. Marines and eleven South Korean marines are believed to have perished in the fiery crash...

Author: /time Magazine | Title: Too Close an Encounter | 4/2/1984 | See Source »

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