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Storm rising -- political and natural. Bush can smell it and view it on every horizon. The old planet is sagging more than ever from its burdens of people and pollution, and it no longer takes a hydrologist or climatologist to detect it. Every American can see it in the air. You can stand with Nancy Reagan on the lawn of her sun-drenched Bel Air home above Beverly Hills and see a sinister tongue of smog lick out and engulf the office where her husband works just three miles below. Or you can walk along the low hills of North...

Author: /time Magazine | Title: The Presidency: The Issue That Won't Wash Away | 3/26/1990 | See Source »

While it is encouraging that Rafsanjani has publicly expressed a desire for the hostages' release, Western intelligence agencies have yet to detect any activity. Rafsanjani's own goals seem plain. Recently, he has been seeking to borrow as much as $27 billion from Western sources to rebuild his country's economy, which needs money and technology. He also aims to end Iran's diplomatic isolation from both the West and his Arab neighbors. With those goals in mind, he has apparently launched a hostage-release initiative and is seeking maximum publicity so that even if his effort fails, his good...

Author: /time Magazine | Title: Where's The Fire? | 3/19/1990 | See Source »

Junk bonds proved to be the ideal weapon for exploiting a weakness in corporate America that raiders were quick to detect. They saw that the stock market valued many large companies at prices well below what their assets would fetch if the companies were bought and broken up. By using junk bonds to build their war chests, takeover artists could pay a premium to shareholders and still hope to make a profit by dismantling a target company...

Author: /time Magazine | Title: Predator's Fall: Drexel Burnham Lambert | 2/26/1990 | See Source »

Despite its seeming modesty of size and intention, Rowlandson's work found echoes in Europe. Particularly so in the efforts of Goya, who sometimes drew on English satirical prints as sources for his own graphic work. One can detect more than a few appropriations of Rowlandson in the Caprichos. And one of Goya's scariest images, They Preen Themselves -- one demon giving another a pedicure -- seems to come from Rowlandson's group of a woman cutting an officer's toenail in The French Barracks, 1786, though how Goya actually got to see this particular Rowlandson is a mystery...

Author: /time Magazine | Title: Art: The Pursuits of Pleasure | 2/19/1990 | See Source »

...through Warsaw, Prague and even Berlin before getting anywhere near the Fulda Gap, much less Bonn, Rotterdam or Paris. And while the Soviets were long considered capable of mobilizing for a strike at Western Europe in as little as 14 days, Pentagon analysts say that NATO could now detect preparations a month in advance. Some outside experts argue that signs of war would be evident a full three months ahead of time...

Author: /time Magazine | Title: How Much Is Too Much? | 2/12/1990 | See Source »

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