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...ensure the country's long-term growth, Garcia asked Peruvian bankers and capitalists to channel funds into local industries. Though private investment increased by 26% in 1986, the economy nonetheless is showing signs of faltering; inflation is expected to reach 100% by year's end. In May rising prices prompted a general strike that shut down most of the country...

Author: /time Magazine | Title: Peru Mario Meets Crazy Horse | 9/7/1987 | See Source »

...dawn the issue was far from decided. Mutinous units took hold of regional commands in several areas outside the capital, including Cebu, the country's second largest metropolitan area. In the Manila suburb of Quezon City, a fierce fire fight raged around the government communications center, home of television Channel 4. Rebels also managed to seize part of Villamor Air Base, adjoining Manila International Airport, trapping General Antonio Sotelo, the air force commander, in his office. A contingent of 300 men talked their way into Manila's Camp Aguinaldo, headquarters of the national defense forces and the general staff. Only...

Author: /time Magazine | Title: The Philippines The Coup That Failed | 9/7/1987 | See Source »

Progovernment forces also prevailed after a day of sporadic fighting at the government communications installation in Quezon City and several private television stations nearby. Fighting raged for nearly six hours as rebels tried to climb over a 10-ft.-high wall and into the Channel 4 complex, but Aquino's men withstood the siege. At 7:30 a.m. the rebels broke off their attack, and hundreds of civilians converged on the facility, cheering and waving Philippine flags. By late in the week most other pockets of resistance were yielding to government pressure. Honasan's followers at Camp Olivas, 35 miles...

Author: /time Magazine | Title: The Philippines The Coup That Failed | 9/7/1987 | See Source »

...erupted in a public explosion last November, the bureaucratic double dealing still did not stop. Reagan ordered the State Department to take full charge of any future relations with Iran. Casey and Under Secretary of State Michael Armacost worked out an agreement under which U.S. contacts with a "second channel" (a relative of a high-ranking Iranian official) would be used only for intelligence gathering and State Department officials rather than CIA operatives would conduct the conversations. Without telling Shultz or his deputies, Casey then went through Chief of Staff Don Regan to get the President...

Author: /time Magazine | Title: An Edge of Anger | 8/3/1987 | See Source »

...British ratings service, as a secondary statistical source. Starting this September, AGB will offer national ratings in the U.S. based on a new technology called people meters. Because AGB's sample viewers are asked to identify themselves when they watch TV by punching digits on a specially programmed, remote channel control, some experts predict the new system will give more reliable readings than the usual methods. The threat of this new technology from AGB hastened Nielsen's decision to convert to a system of people-meter ratings by September. Nielsen has already put the new machines in 2,000 homes...

Author: /time Magazine | Title: Ratings Brawl | 7/20/1987 | See Source »

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