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...never in coalition governments-the favorite American recipe. Concessions are ascribed to the weakness of those holding power, not to their magnanimity, and hence, perversely, may accelerate rather than arrest the disintegration of authority. The proper time for reform is before civil wars break out, in order to pre-empt their causes-though this does not always work when the insurrection is inspired, financed, trained and equipped from outside the country...

Author: /time Magazine | Title: RANDOM REFLECTIONS | 3/15/1982 | See Source »

...keep credit available by increasing the money supply. The result would be still more inflation. "As a general rule, deficits are by their very nature harmful," says Alan Greenspan, former chief economic adviser to Gerald Ford and now an unofficial adviser to the White House. "Deficits either pre-empt credit available to nongovernmental borrowers or, to prevent that from happening, the Federal Reserve winds up pumping more money into the economy, which causes inflation to rise...

Author: /time Magazine | Title: The Great Deficit Dilemma | 2/15/1982 | See Source »

...Lionel Barrymore. Now those were names to conjure with, but others were around. Winston Churchill, bad boy of British politics, had just put out a book titled Amid These Storms about the unhappy drift of the democracies. Adolf Hitler was in the vestibules of German power and would pre-empt the inner sanctum come January of the next year. Joseph Stalin had the Soviet state in the palm of his hand. In sum, all the leaders who would contrive the shape of the midcentury world were now on stage -but little noticed. But the agonized present was enough...

Author: /time Magazine | Title: Up and Away in a Down Year | 1/5/1981 | See Source »

...SALVADOR. The Nicaraguan example directly influenced the coup that last October toppled El Salvador's own dictator, General Carlos Humberto Romero. In a desperate attempt to pre-empt a San-dinista-style revolution-with Washington's encouragement-a group of moderate military officers seized power. Then, in an effort to satisfy peasant expectations and calm labor unrest, the five-man military-civilian junta made its own attempt at reform. It expropriated some large estates and nationalized the core of the country's banking system...

Author: /time Magazine | Title: CENTRAL AMERICA: The Land of the Smoking Gun | 8/18/1980 | See Source »

...basis of universal principles and a demonstration of self-confidence that attempts to make the issue of power seem irrelevant. The Soviets, with all their stormy and occasionally duplicitous behavior, leave an impression of extraordinary psychological insecurity. The Chinese convey an aura of imperviousness to pressure; indeed, they pre-empt pressure by implying that issues of principle are beyond discussion. Chinese diplomats, at least in their encounters with us, proved meticulously reliable. They never stooped to petty maneuvers; they did not haggle; they reached their bottom line quickly, explained it reasonably, and defended it tenaciously. They stuck to the meaning...

Author: /time Magazine | Title: Special Section: THE CHINA CONNECTION | 10/1/1979 | See Source »

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