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This week's cover story on the stock market and its gyrations was not a task for a numberphobe or the technologically faint of heart. "After nuclear proliferation, this is the most complicated cover I've ever tackled," says Associate Editor George Russell, who wrote the story. Following a stint as TIME's Buenos Aires bureau chief from 1979 to 1981, Russell returned to write in the World section for five years, then switched last March to Economy & Business. "Wars and coups are very decisive -- stories tend to write themselves when people are killing each other," he observes...
...midweek and the President's calm assurances that she does "not feel threatened by Minister Enrile," some prophesied Enrile's dismissal, others his resignation. There were predictions that Enrile would try to wring concessions from Aquino that would render the President a figurehead. Some officials even heard the faint rumbles of a coup. All agreed, however, that Aquino was facing the toughest political challenge since she assumed office...
Polanyi took a different approach. He studied chemical reactions by analyzing the faint infrared light emitted when molecules link up to form new substances, a phenomenon known as chemiluminescence. Says Polanyi: "You can see the dance of the molecules as they break up and are created." One application: the radiation can be amplified to produce a powerful new class of lasers...
...duties. "My biggest job," he says, "is to create the atmosphere where creative people can do well. There are a lot of people running hard in this institution, and there has been a remarkable absence of smugness and self-satisfaction." Only a cynic would find in that statement a faint touch of self-satisfaction...
...observers believe the heralded Iranian attack on Basra could turn out to be a false alarm. "Every year we hear the same thing -- now | comes the final offensive," says Thomas McNaugher, a Persian Gulf watcher at the Brookings Institution, "and every year it peters out." Nonetheless, the prospect, however faint, that Iran could begin to extend its control deeper into Iraq and then through the gulf is too serious to be ignored. Windows in Kuwait already rattle from Iranian artillery bombardments just 15 miles away. Saudi Arabia and other neighboring states are growing increasingly nervous. "Complacency can be fatal," says...