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...heading off the trade crisis, the Administration adopted a new, take-charge stance in international economic affairs. During the President's first five years in office, the U.S. had followed the hands-off policy advocated by Treasury Secretary Donald Regan, a fan of free-market solutions. But after White House Chief of Staff Baker swapped jobs with Regan in February, the Administration began taking a more active role. Less than a month after the Plaza Hotel meeting, Baker unveiled yet another ambitious blueprint for repairing the global economy, this time a plan to defuse the Third World debt bomb. Baker...

Author: /time Magazine | Title: The Year of Big Splashes | 6/21/2005 | See Source »

...were more extensive reports from New York Correspondent Thomas McCarroll, who also made several flights and talked with People passengers, along with employees and ex-employees, competitors, Wall Street analysts and travel agents. In Bernardsville, N.J., he and Senior Correspondent Frederick Ungeheuer spoke at length with People Express Chairman Donald Burr. "It was an unorthodox, invigorating interview," McCarroll recalls. "It's rare for the chief executive of any company to be so frank. He never avoided a single question...

Author: /time Magazine | Title: A Letter from the Publisher: Jan. 13, 1986 | 6/21/2005 | See Source »

...unworthy of precious defense dollars and a bit too independent to boot. Disclosures last November that members of the supersecret Delta Force had been charged with skimming covert intelligence funds only heightened Pentagon suspicions that the Special Forces are a bunch of freebooters. Shrugged retired Army Brigadier General Donald Blackburn, an expert on unconventional warfare: "Special Forces have always been the bastards of the Army...

Author: /time Magazine | Title: A Warrior Elite For the Dirty Jobs | 6/21/2005 | See Source »

...When Donald Burr was in high school, he told everyone he wanted to become a clergyman. Growing up in the 1950s in the tidy town of South Windsor, Conn., the boy saw his local Congregational church as the most admirable kind of organization. It was free and feisty, yet disciplined in its work. Burr instead embarked on a career that led him to found a free and feisty airline, People Express...

Author: /time Magazine | Title: A Yankee Preacher in the Pilot's Seat | 6/21/2005 | See Source »

Some critics fear that deregulation may be hurting safety. They argue that the rapid growth of air travel has stretched equipment thin and pushed carriers into unsafe procedures. Says Donald Engen, chief of the Federal Aviation Administration: "We are beginning to wonder whether economic deregulation may have led to maintenance practices that would justify certain fears." Problems that worry him range from the falsification of records to the use of improper repair parts...

Author: /time Magazine | Title: Is There Cause for Fear of Flying? | 6/21/2005 | See Source »

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