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...week before the summit, Reagan had intimated that he wanted to take personal charge by demanding that he be shown no more briefing books, be given no more lectures. "That was when he started calling it his summit," recalled an aide. Shultz had even advised his counterpart, Soviet Foreign Minister Eduard Shevardnadze, that "my guy likes to size up his opposite number and see what he's really like, and the way for them to do that is for them to spend some time alone...

Author: /time Magazine | Title: Fencing at the Fireside Summit | 6/21/2005 | See Source »

...caravan of limousines from their headquarters across from the city's botanical gardens, up the Avenue de la Paix, through a heavy iron gate, past a phalanx of Soviet sentries and onto the grounds of the Villa Rose, which houses the Soviet mission. Kampelman will be met by his counterpart, Victor Karpov. Inside a modernistic annex to the baroque mansion, the two delegations will take their places at a long table, with Kampelman flanked by two colleagues on the U.S. team, former Texas Senator John Tower and Diplomat Maynard Glitman. After an exchange of pleasantries, the negotiators will plunge into...

Author: /time Magazine | Title: Breakthrough or Breakout? | 6/21/2005 | See Source »

...improve his country's image in Asia generally. Relations with China have improved, Soviet influence has increased over North Korea, and Moscow has tried to mend its fences with the six-nation Association of Southeast Asian Nations. As one U.S. diplomat recalls being told last fall by a Soviet counterpart, "Look out in Asia now. We have a man who is interested in Asia. America is in for some challenges...

Author: /time Magazine | Title: Japan: Wind of Change | 6/21/2005 | See Source »

...gaping deficit, the House agreed by voice vote to send $250 million over the next five years to Northern Ireland. The money will go into an international economic-support fund established under an Anglo-Irish agreement signed last year by British Prime Minister Margaret Thatcher and her Irish counterpart Garret Fitz-Gerald to give Catholics more of a voice in the affairs of Northern Ireland. The aid proposal allied two politicians who share Irish ancestry but rarely see eye to eye: Ronald Reagan and House Speaker Tip O'Neill. "As you know, the President and I have had our differences...

Author: /time Magazine | Title: American Notes: Mar 24, 1986 | 6/21/2005 | See Source »

...British Governor in the late 1980s. Now he will have to prove he can navigate the bulky $316 billion Asia-Pacific arm of the London-based HSBC Holdings into a booming banking frontier: China. In 2001 the bank became the first foreign commercial bank to buy into a mainland counterpart since the 1949 communist takeover, and it is now the largest foreign financial institution there. But it is limited by regulation to owning just a minority stake in two mainland banks. One of Cheng's goals is to encourage Beijing to relax foreign-ownership regulations, part of a broader effort...

Author: /time Magazine | Title: China's New Banker | 6/20/2005 | See Source »

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