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...want to put all my eggs in that one basket." Many ERA supporters are wary of fighting another losing battle. "There would have to be a consensus building up in the country that we just have to have the ERA," says Donna Shalala, the newly named chancellor of the University of Wisconsin at Madison. "I don't sense it's there...

Author: /time Magazine | Title: Sexes: Those 24 Words Are Back | 7/6/1987 | See Source »

...Palace of Westminster in London. There, enthroned in the House of Lords and resplendent in a glittering crown containing a sapphire that belonged to Edward the Confessor and a ruby that Henry V wore at the Battle of Agincourt in 1415, Queen Elizabeth II opened Parliament. The Lord Chancellor knelt and presented the Queen with her speech, a stilted discourse prepared by the Prime Minister, that outlined the government's legislative objectives for the coming year...

Author: /time Magazine | Title: BRITAIN:Kingdom of Unwritten Rules | 7/6/1987 | See Source »

...executive branch. Recalls Joachim von Elbe, a Bonn legal expert: "We did not want to make the Germans just imitate the American constitutional model but rely on themselves to reform, rebuild and overcome the Nazi period." The framers decreed that the Bundestag, or parliament, could not oust a Chancellor without first choosing a successor. That has helped prevent a return of the political chaos that brought the Nazis to power in the 1930s...

Author: /time Magazine | Title: THE WORLD: A Gift to All Nations | 7/6/1987 | See Source »

...same down- and upbeat course. Nihon Keizai Shimbun, Tokyo's respected business daily, headlined an editorial VOLCKER'S RESIGNATION IS VERY REGRETTABLE. But Takeshi Ohta, deputy governor of Japan's central bank, said with evident satisfaction, "Mr. Greenspan is the best successor that the President could have chosen." British Chancellor of the Exchequer Nigel Lawson called Greenspan's appointment an "excellent choice." In the U.S., where Greenspan is much better known, most economic thinkers and money managers hailed the Fed newcomer -- once they had regretted Volcker's departure. Said Frederick Joseph, chief executive officer of the Drexel Burnham Lambert investment...

Author: /time Magazine | Title: Alan Greenspan: The New Mr. Dollar | 6/15/1987 | See Source »

...Western alliance had been waiting for the decision. After a lengthy and bitter debate that almost split Chancellor Helmut Kohl's ruling conservative coalition, West Germany last week finally closed ranks with its allies and endorsed Mikhail Gorbachev's "double-zero" proposal to eliminate both long- and shorter-range intermediate nuclear forces from Europe. Bonn's decision will permit NATO Foreign Ministers, meeting this week in Reykjavik, to give U.S. arms negotiators an unambiguous go-ahead for an INF agreement with the Soviets. Suddenly, the much-discussed superpower summit this fall -- at which Gorbachev and Ronald Reagan would sign...

Author: /time Magazine | Title: East-West Battle of the Bean Counters | 6/15/1987 | See Source »

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