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BILL CLINTON IS IN A TICKLISH SPOT. He needs the Federal Reserve Board to help ward off the threat of a recession that could gravely wound or even kill his re-election bid. But he dare not put any overt pressure on the fiercely independent Fed, or on its Republican-appointed chairman, Alan Greenspan. And though the President has been pointedly silent about whether he will reappoint Greenspan when his term expires March 1, few people in Washington think he would risk dumping him. There would be too much hell to pay in Congress, on Wall Street...

Author: /time Magazine | Title: THE MONETARY MINUET | 2/12/1996 | See Source »

...also has a literal dark side. His most enduring pictures dare you to see in the dark. They're so heavily shadowed that your eyes have to adjust to the carbon-tone depths. In his portraits of jazz and blues artists like John Coltrane and Jimmy Scott, the darkness of the nightspots where they work is also a spiritual working condition, a favorable climate for an art in which the self might need to be in communication with its surrounding shadows. There's a different feeling to the darkness in his after-hours street scenes. This isn't just...

Author: /time Magazine | Title: PHOTOGRAPHY: THE SHADOWS KNOW | 2/12/1996 | See Source »

...provinces of Bubanza and Cibitoke, once two of Burundi's richest agricultural regions but now a wasteland. For the past six months, a guerrilla war between Hutu rebels infiltrating from neighboring Zaire and the Tutsi-led army has stripped the steep hill country of inhabitants. Not even aid workers dare enter for fear of attack. A visit last week to the area revealed rice fields and coffee plantations abandoned to forest. Entire villages have been pounded to ruins. Residents who have not taken to the hills or to camps in Zaire are huddled together in a few garrison towns without...

Author: /time Magazine | Title: SPECTER OF GENOCIDE | 2/5/1996 | See Source »

...good thing about monuments is they commemorate the past. Last year the city inaugurated a Community Oriented Policing Squad (COPS), now headed by Compass, a name so foursquare no novelist would dare invent it. With secondhand furniture and federal money, police set up round-the-clock substations in vacant apartments at three of the city's most deadly projects. The 45 cops assigned to them work foot patrol, get to know the law-abiding residents and sweep out the street dealers. They also help pick up trash, combat graffiti and round up kids who play hooky...

Author: /time Magazine | Title: CRIME: LAW AND ORDER | 1/15/1996 | See Source »

...principles at stake in the fight to balance the budget, there may be just one that neither Republicans nor Democrats dare to abandon: the pleasure principle. It rests on two basic premises. The first is that if you make voters happy, they repay the kindness at election time. The second is that the fastest way to their hearts is through their wallets. As Gingrich put it in November, "No politician in the 20th century has been defeated for cutting taxes...

Author: /time Magazine | Title: TAX CUTS: WHO WILL GET THE BREAKS? | 1/8/1996 | See Source »

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