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...concluded that immediate retaliation against the U.S. was unlikely. For one thing, the Iranians appear to lack the military capability to strike an effective blow at U.S. forces in the region. Though the Revolutionary Guards' Boghammar speedboats continue to threaten neutral shipping in the crowded gulf, any attempt to confront U.S. warships patrolling in the area would be suicidal. And sponsorship of new terrorist bombings or kidnapings would only turn international public opinion against Iran, taking much of the onus...

Author: /time Magazine | Title: Calls For Revenge - and Caution | 7/18/1988 | See Source »

...unemployment rate hits a 14- year low, firms confront growing worker shortages. -- A Texas job center saves barrio youths...

Author: /time Magazine | Title: Time Magazine Contents Page July 18, 1988 | 7/18/1988 | See Source »

...creature, Holmes said, is one "for which the world is not yet prepared." It was a lovely moment of conjuration: Sir Arthur Conan Doyle suddenly, out of nowhere, created the hairy monster, and just as suddenly he whisked it out of sight: the world was not yet prepared to confront the horror. So the giant rat lingers in the mind as an enigmatic apparition...

Author: /time Magazine | Title: Essay: Tawana And Her Three Wise Men | 7/4/1988 | See Source »

...policies to which we committed ourselves at earlier summits. Although we can look back at a number of positive developments since we met a year ago in Venice, and can congratulate ourselves on having weathered last October's dramatic stock-market storm, we have been forced to confront an unpleasant truth: we have not lived up to our past pledges and thus are not doing as much as we could to ensure continued growth for our own countries and for the world economy...

Author: /time Magazine | Title: We Can Work It Out | 6/20/1988 | See Source »

...Every rational person must join in a battle, in our schools, in our legislatures, in our national priorities, between reason and unreason, reality and fantasy. The foolish, stubborn old man who leads the opposing side must go, and all his ilk with him. We will never be able to confront our difficulties squarely with a President who thinks ketchup is a vegetable, Ed Meese is honest, and who guides the ship of state by the stars...

Author: By Charles N.W. Keckler, | Title: Reagan's Starry-Eyed Idealism | 5/13/1988 | See Source »

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