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...faces a $1 billion budget deficit this year. Yet the idea of cutting the country's generous welfare-state outlays remains wildly unpopular. In Oman, declining oil prices will hold the economy's growth well below the whopping 14% gain achieved last year and will force the government to curtail projects in its five-year plan. Omanis are already borrowing abroad and using foreign currency reserves to finance budget shortfalls. The United Arab Emirates, a federation of seven sheikdoms, has been politically weakened by the oil-price collapse. The federal government that binds the state together is virtually broke...

Author: /time Magazine | Title: Poor Little Energy-Rich Kids | 4/14/1986 | See Source »

Driscoll told Publisher Taylor in January that he wanted to quit, but Taylor implored him to stay. Aware of Driscoll's unhappiness, Janeway created two new deputy managing editor spots to ease his colleague's work load. Driscoll, however, saw the move as an attempt to curtail his responsibility. Two weeks ago, Driscoll repeated to Taylor his plans to leave. The publisher, convinced that Driscoll was more indispensable to the Globe than was Janeway, spent a restless four days deciding what to do. By St. Patrick's Day, Taylor's mind was made...

Author: /time Magazine | Title: Press: A Matter of Newsroom Style | 3/31/1986 | See Source »

...court order banning the presence of television cameras at a mass funeral for 17 of the 23 blacks killed during four days of violence in the black township of Alexandra, outside of Johannesburg. The evictions, said CBS Johannesburg Bureau Manager William Mutschmann, one of the three newsmen, would "severely curtail CBS's ability to cover the South African story...

Author: /time Magazine | Title: South Africa New Twist to an Old Plot | 3/17/1986 | See Source »

...left Rome last week. The Soviet actions seemed a confirmation that Soviet policy has hardened under Mikhail Gorbachev. Indeed, Western diplomats in Moscow suggested last week that the Kremlin's tough line may be a warning to the U.S., where spy scandals have increased the pressure on Washington to curtail the number of Soviets allowed in the country...

Author: /time Magazine | Title: Espionage: Moscow Plays Tit for Tat | 2/17/1986 | See Source »

Unoriginal plots have made good films before. Fine acting and unusual direction could transform this dry tale into an honest, intense look at a family in crisis. Yorkin, however, does as much as he possibly can to curtail any such developments, repeatedly placing his characters against technicolor skies as they set off to build new lives across the rainbow in Puget Sound...

Author: By Cristina V. Coletta, | Title: More Than Twice | 1/10/1986 | See Source »

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