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...syndrome. For two generations we lived with the expectation that if we could only end the endless twilight struggle with the Soviet Empire, if we could only turn from swords to plowshares, if we could only climb down from J.F.K.'s ramparts of freedom, life would be rosy. Peace dividend. Nuclear tranquillity. National repose. Rewards for all the sacrifices endured, for all the gratification deferred for 45 years...

Author: /time Magazine | Title: ESSAY Why Is America In a Blue Funk? | 12/30/1991 | See Source »

...downside, taking the lead in trying to make peace also risks a surge of radicalism and extremism if the talks break down. Arab states that came to expect a peace dividend as the implicit payoff for their cooperation in the U.S.-directed coalition against Iraq could grow hostile -- especially if Israel is the main spoiler. The intifadeh could reignite. Hard-line factions within the Palestine Liberation Organization might grab control. A new round of hostage taking could commence, and the safety of the remaining captives would be jeopardized. If the talks prove nasty enough, war might even erupt between Israel...

Author: /time Magazine | Title: Middle East: Why Should Americans Care? | 11/11/1991 | See Source »

Agran said that such a move, along with a multilateral weapons freeze and cuts in military research, would result in a "real peace dividend of 150 billion dollars a year...

Author: By David S. Kurnick, | Title: Agran Calls for Military Cuts | 11/5/1991 | See Source »

...remaining 110 billion dollars of this peace dividend would go to environmental protection programs, an improved national health program and deficit reduction, Agran said...

Author: By David S. Kurnick, | Title: Agran Calls for Military Cuts | 11/5/1991 | See Source »

...losses or falling profits for the third quarter of this year. Citicorp lost $885 million largely because of red ink at its Quotron stock-reporting service and costs stemming from the layoff of 5,000 workers earlier this year. The largest U.S. banking firm said it would suspend its dividend and dismiss several thousand more workers. Among manufacturers, IBM said slumping sales caused its profits to plunge 85% in the recent quarter...

Author: /time Magazine | Title: the Economy: It's Stuck In Neutral | 10/28/1991 | See Source »

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