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Radio reporters immediately began broadcasting the news. On the floor of the U.N. conference, a Chilean delegate waved an extra edition of the San Francisco Call-Bulletin with the screaming headline NAZIS QUIT. The delegates burst into applause. Cheering crowds gathered in the streets of New York City and Chicago. An hour and a half later, President Truman called in reporters and announced that the story was untrue...

Author: /time Magazine | Title: V-E Day: There Was Such a Feeling of Joy | 4/12/2005 | See Source »

...deficit to become larger and more menacing. The White House last week predicted the budget shortfall in fiscal 1985 would total $213 billion and then decline to $177.4 billion the following year. Continued economic weakness, though, could make those projections wildly optimistic. John Langum, president of Business Economics, a Chicago consulting firm, predicts that if the economy goes into recession, the deficit will jump to $400 billion in 1986. --By John Greenwald. Reported by Bernard Baumohl/New York and Christopher Redman/Washington

Author: /time Magazine | Title: A Series of Bad Signals | 4/12/2005 | See Source »

Could a relatively colorless manager like GIOVANNI CARDINAL BATTISTA RE, head of the Congregation of Bishops, ride such a sentiment to St. Peter's chair? Probably not. More likely, the electors will try to find a John Paul--like inner glow combined with a head for institutional detail. Says Chicago's FRANCIS CARDINAL GEORGE: "Maybe you have to do both...

Author: /time Magazine | Title: What The New Job Specs Are | 4/11/2005 | See Source »

...stand before one of the most important decisions they will ever make are reminded of precisely why they pray for the Holy Spirit's guidance in their task. --With reporting by Jordan Bonfante, Emma di Ravello and Jeff Israely/ Rome; Jeff Chu/ New York; and Marguerite Michaels/ Chicago...

Author: /time Magazine | Title: What The New Job Specs Are | 4/11/2005 | See Source »

...safe atmosphere for students who feel unwelcome in traditional settings. Says co-founder Tina Owen, an English teacher: "A lot of adults think 'Sticks and stones may break my bones, but words will never hurt me.' But these students seemed to be hurting really bad." --Reported by Elizabeth Coady/ Chicago, Avery Holton/Austin, Sora Song/New York and Sonja Steptoe/Los Angeles

Author: /time Magazine | Title: The Bully Blight | 4/11/2005 | See Source »

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