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...part of her campaign for more investment, she promised Japanese businessmen that her government would keep taxes low and let them repatriate profits. Aquino's pitches for increased Japanese aid met with some success. By the time she left Tokyo, she had obtained a $250 million loan for a coal-fired power station, part of a grant-and-aid package that Aquino optimistically predicted may total as much as $625 million. Aquino called the promises of economic assistance a "very clear message to the Filipino people that the Japanese government strongly supports the Aquino government...

Author: /time Magazine | Title: The Philippines Fighting Back | 11/24/1986 | See Source »

...unusual promotion was designed to attract depositors from outside Harrisburg (pop. 9,332), a depressed coal-mining town. The gimmick worked: the bank has received inquiries from as far away as Australia and the Soviet Union...

Author: /time Magazine | Title: Marketing: Thanks, But Stick 'Em Up | 11/17/1986 | See Source »

...wine trade, and he flunked the psychological test for guards in the London subway. But he worked briefly and erratically as a librarian, factory hand, statistician and publisher's assistant. His digs were more makeshift than his jobs and included, besides a succession of repressive rooming houses, a converted coal barge with a toilet that tended to fill up with the bilges and a paper mattress wrapper on the floor of somebody else's room. One of his roosts was so tiny that the chief problem was "to lie down without getting hurt. I started by kneeling and then...

Author: /time Magazine | Title: Books: Medusa Touch Falling Towards England | 11/17/1986 | See Source »

South African authorities expect no trouble exporting gold, diamonds and other minerals, many of which are available from few other sources. The problems will center on coal, agricultural products and manufactured goods. Such items will be sent to foreign "front firms," which will launder shipments, principally by repacking, relabeling and attaching false certificates of origin. The goods will then be transported to buyers as non- South African products. A lot of South African wine shipments, for example, may soon be carrying Mediterranean markings. Government officials are openly advising South African businessmen on how to get around sanctions. Says Kent Durr...

Author: /time Magazine | Title: South Africa Pullout Parade | 11/3/1986 | See Source »

...Senate (84 to 14) and then later by the House of Representatives (308 to 77), the President sent a letter to House Speaker Tip O'Neill offering to impose some measures in an Executive Order. The proposal included bans on the import of iron and steel but omitted coal and other important items, like the cancellation of airport landing rights. Congress was in no mood to settle for half a loaf. Reagan's offer, said a Lugar aide, was "a day late and a dollar short...

Author: /time Magazine | Title: South Africa Laying Down the Law | 10/13/1986 | See Source »

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