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...Anticipating rejection, Thomson-CSF officials have been scrambling for some time to put together a new offer -- with American partners, including Raytheon, Northrop or Loral. One hitch is that Thomson-CSF placed a $20 million guarantee with LTV for a completed sale by July 31. A new arrangement would depend on the readiness of LTV's creditors to let this deadline slide while a new U.S. review process took place...

Author: /time Magazine | Title: C'est Non! | 7/13/1992 | See Source »

...Maastricht. Despite growing doubts elsewhere in Europe, a majority of Spaniards still support the treaty, and Gonzalez has not wavered since he told parliament this spring, "For a country like ours, historically isolated, no effort should be spared to board this train. Our well-being and our stability depend on our success in adapting to the construction of Europe." The restructuring of Spain's noncompetitive heavy industry is under way, and parliament has approved Gonzalez's plan to slash state spending and open up financial, transport, telecommunication and oil- distribution markets...

Author: /time Magazine | Title: The Dark Side of Spain's Fiesta | 7/13/1992 | See Source »

...Judgment call, Wetlaufer underlines the fact that ethic aren't absolute. Promises and morals depend on how big, how important a particular story is. Wetlaufer has done reporters and editors around the country a kindness by raising these questions in the form of a thrilling novel instead of a dry essay in Neiman Reports. (No offense to Neiman Reports, which I read cover to cover...

Author: By Ira E. Stoll, | Title: Judgment Call of Reporters, Drug Dealers, Ethics and Ambition | 7/10/1992 | See Source »

Many South Africans soothed their fears by repeating the comforting aphorism that "there is no alternative to negotiations." The talks will probably resume once the tensions caused by Boipatong cool. But a successful conclusion to the talks may depend as much on whether blacks and whites can break out of their separate worlds. In a sermon after the massacre, Anglican Archbishop Desmond Tutu, the Nobel Peace Prize laureate, said, "I hope, somewhere, somehow, it will sink into the consciousness of most of our white fellow South Africans that we are human beings who cry when our children die." As long...

Author: /time Magazine | Title: Enemies: Black vs. Black vs. White | 7/6/1992 | See Source »

...which carries 10 warheads. Yeltsin demands as a quid pro quo that the U.S. dismantle its fleet of multiple-warhead Trident submarine-based missiles. After a final meeting with U.S. Secretary of State James Baker, Russian Foreign Minister Andrei Kozyrev reported "good progress" but added that "the rest will depend on our Presidents...

Author: /time Magazine | Title: Up to The Presidents | 6/22/1992 | See Source »

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