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...proposal was put most bluntly by Daniel K. Inouye of Hawaii, the ranking Democrat on the Senate Foreign Operations Subcommittee. In an emotional Senate speech, Inouye disputed the Administration's thesis that the Salvadoran guerrillas represent a Cuban-and Soviet-backed military thrust to produce a revolutionary domino effect in the U.S.'s backyard. He described the 22,000-member Salvadoran armed forces as violent and corrupt, and urged the Salvadoran government to open negotiations "with all parties to the conflict" before any additional U.S. military assistance is provided...

Author: /time Magazine | Title: Central America: Much Talk About Talks | 3/28/1983 | See Source »

Rock has produced a few top piano thumpers - Fats Domino, Huey Smith - but none burned with the passion of Jerry Lewis. Sam Phillips, who had started Sun Records in Memphis, sold the contract of his major star, Elvis Presley, to RCA in 1955 for the then unheard-of sum, for a new singer, of $35,000, and he was shopping around for a replacement. Jerry Lee, 21, looked like just the boy. Nicknamed the Killer, to his perpetual displeasure, Lewis sang country, which was not then considered commercially lot. But he also played mean boogie-woogie. He would sit down...

Author: /time Magazine | Title: Music: A Few Rounds with the Killer | 3/14/1983 | See Source »

...Congressional leaders. United Nations Ambassador Jeane J. Kirk Patrick and National Security Advisor William P. Clark warned Congress that the situation in El Salvador was deteriorating rapidly and the Salvadoran army was waging an increasing uphill battle against the leftists. And Reagan himself conjured up images of the infamous "domino theory" by stating, "We believe that the government of El Salvador is on the front line of a battle that is really aimed at the very heart of the Western Hemisphere, and eventually...

Author: NO WRITER ATTRIBUTED | Title: A Time for Compromise | 3/9/1983 | See Source »

...other hand, as worldwide economic growth has slumped deeper and interest rates have shot up alarmingly, defaults and reschedulings of commercial bank loans have multiplied, raising fears of a kind of domino effect of international banking collapses. That grim prospect came uncomfortably close to actuality last month when Mexico declared it could not make its payments. Such action would have left such blue-chip U.S. lenders as BankAmerica, Chase Manhattan and Citicorp holding bad loans of more than $10 billion...

Author: /time Magazine | Title: Why Bankers Have the Jitters | 9/20/1982 | See Source »

...second peso devalua tion in six months. Most was Silva Herzog's admission that Mexico was unable to meet current payments on its huge $80 billion foreign debt, among the highest in the Third World. The statement raised the specter of a possible default that would have a domino effect on the international banking system. No one was more concerned than U.S. bankers, who hold about 60% of Mexico's debt...

Author: /time Magazine | Title: Mexico: Frightening Specter of Bankruptcy | 8/30/1982 | See Source »

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