Word: contras
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...Iran-contra fiasco and Bork's defeat in the Senate have given the President strong incentive to play up the significance of the forthcoming agreement. Add the stock market instability, and the President's last claim to fame is in jeopardy. So Reagan has abandoned his avowed realism in order to distort the agreement's utility...
...Cloud, TIME's deputy Washington bureau chief. "Reporters usually follow the news. You've worked it out so that the news follows you." Indeed, no sooner had Cloud taken on the job in June than the biggest stories of the year rushed out to welcome him, including the Iran-contra hearings and the stock-market crash. With Bureau Chief Strobe Talbott, Cloud was responsible for deploying 17 correspondents to cover those events, as well as the unfolding 1988 presidential sweepstakes...
...Salvador, a brutal political slaying provoked the leftist guerrillas to cancel talks with the government. In Costa Rica, Nicaraguan Indian rebels charged that the Sandinistas had backed out of scheduled talks. And in Nicaragua, the Sandinistas reaffirmed their public line against negotiating an overall settlement with the U.S.-backed contra rebels, even as a regional peace plan is supposed to go into effect this week. Warned Comandante Bayardo Arce: "There will never, at any time or in any place, be any direct or indirect political dialogue with the counterrevolutionary leadership...
...peace process rather than a cutoff for achieving the accord's goals. "We never expected that peace and democracy would descend from heaven on Nov. 5," insists a Costa Rican official. In Washington, where congressional opposition promises to doom the White House request for $270 million in fresh contra aid, the Reagan Administration is now talking of delaying its pitch until January...
...also complained that at least, by implication, the report accuses the administration of a "cover up" after initial disclosures that money from secret arms sales to Iran was slated for diversion to Nicaragua's Contra rebels...