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...García took office, 1,200 delegates from Latin America and the Caribbean gathered in Havana for a debt conference, and Fidel Castro urged his guests to repudiate their obligations. Bankers remain confident, however, that the Latin American countries will not default. Such a drastic strategy would cut them off from international credit, which for some is the only means of paying for vital imports like food and fuel...

Author: /time Magazine | Title: Defiant Debtor | 4/18/2005 | See Source »

Along with pervasive fear, the AIDS crisis has caused a drastic change in the life-styles of those homosexuals who were accustomed to multiple partners. Most of them have altered their sexual habits to a degree that would have seemed inconceivable five years ago, significantly reducing the number of their sexual companions. A study at the University of California, San Francisco, showed, for example, that the average number of partners per month dropped from 5.9 in October 1982 to 2.5 during the same period in 1984. "It's just not cool to be promiscuous," says Los Angeles Art Director Jeff...

Author: /time Magazine | Title: In the Middle of a War: AIDS | 4/18/2005 | See Source »

...bounteous business to the airlines. One perennial problem, though, is that almost everyone schedules flights on just two days, the Wednesday before the holiday and the Sunday after. During the time in between, jets crisscross the country at only about 30% of capacity. Last week American Airlines launched a drastic fare-cutting plan to fill some 220,000 empty seats with travelers who ordinarily would stay home. The carrier offered a $29 one-way fare for any trip up to 500 miles, $49 for voyages between 501 and 1,500 miles and $79 for those over 1,500. Such fares...

Author: /time Magazine | Title: Turkey Wings: Airlines slice some tasty fares | 4/18/2005 | See Source »

With Stockman's departure the President is losing the man most responsible for translating into reality his vision of a shrunken domestic role for the Federal Government and the last powerful crusader for drastic measures to reduce the deficit. Stockman combined an instinctive feel for fiscal policy, an unmatched understanding of budgetary fine print and a sharp sense of legislative tactics. His gutsy advocacy of severe cuts in politically sacred programs, ranging from school lunches to farm subsidies to military pensions, was often labeled draconian and infuriated members of both parties. Also unsettling, particularly to the President, was the blunt...

Author: /time Magazine | Title: Exit the Whiz Kid | 4/12/2005 | See Source »

...debate, which flared last fall with angry campus protests against American investment in South Africa, is now heading toward a kind of interim compromise solution in the U.S. Congress. Its essence: try some less drastic economic sanctions against South Africa first and see if they shock the white-dominated government into moving faster to end repression of the country's 22 million member black majority. To that end, the Senate last week voted 80 to 12 in favor of a bill that would ban new bank loans to South Africa, cut off nuclear trade, prohibit the sale of computers...

Author: /time Magazine | Title: South Africa: Apartheid's New Upheaval | 4/12/2005 | See Source »

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