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Although the marketplace may seem chaotic to an untrained eye, it is run as efficiently as IBM. It is laid out like a Viet Cong tunnel system. The empty buildings are warrens filled with dealing and supply points, escape routes and booby traps for police. Apartments are fortified: door ways are bricked up with cinder blocks, leaving only a small opening for the passing of drugs and money, or blocked by bunkers of diamond-plate steel. Some dealers sell by lowering buckets from apartment landings; the stairs leading to the landings have been removed. The big-time dealers organize "clubs...

Author: /time Magazine | Title: Fighting Cocaine's Grip: Get Your 'Lucky Seven' Here | 4/11/1983 | See Source »

...into an economic stall it could ill afford. Seven years after the military overthrew the regime of Isabel Martinez de Perdón, the call for elections to form a civilian government was effectively an admission that the generals have failed to bring order to the nation's chaotic political life. Their repressive rule has left Argentina with economic disaster, international notoriety for the scale of its human rights violations and national disgrace in the aftermath of last year's war with Britain over the Falklands. The strike was further evidence of the military government's disarray...

Author: /time Magazine | Title: Argentina: The Day the Earth Stood Still | 4/11/1983 | See Source »

...exchange rates crucial to European trade. Yet the image lingers: French Finance Minister Jacques Delors attacking the "arrogance and insensitivity" of his German colleagues while threatening to leave the European Monetary System (EMS), float the franc, and follow a franc and jolt France's trading posture into chaotic disrepute...

Author: By Nicolas J. Mcconnell, | Title: Cracks in the Alliance | 4/6/1983 | See Source »

...bluff it was. Abandoning the EMS for isolationism would have been as close to collective suicide as France could engineer. Delors, a free trader, realized this. Going its own way in the delicate world of European trade would only ravage the franc and jolt France's trading posture into chaotic disrepute. It would be costly, as well. Artificially propping up its currency would deplete already dwindling French foreign reserves. The franc would turn soft; the French economy would strangle itself...

Author: By Nicolas J. Mcconnell, | Title: Cracks in the Alliance | 4/6/1983 | See Source »

...change are heard in the trophy room of a venerable men's club, the sole setting of The Middle Ages. In a time of ethnicity, the club remains a haven for an embattled Wasp old guard. For the younger generation that departs on a picaresque journey through the chaotic world outside, the club is a beacon, a symbol of the formative power of tradition even on those who would escape its sway...

Author: /time Magazine | Title: Theater: Elegy for the Declining Wasp | 4/4/1983 | See Source »

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