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...meeting was a tacit admission that Clinton's formidable ability to win friends and influence people has fallen flat with the military. Since late January, when Clinton announced his interim policy for lifting the military's ban on homosexuals, matters have been difficult. Mid-level officers and enlisted personnel fume about the Clinton Administration's proposed diet of pay freezes and troop reductions. The top brass grumbles about a lack of respect, noting that no generals or admirals sit on the National Security Council and only two of 45 political positions at the Pentagon have been confirmed. "There...

Author: /time Magazine | Title: Semper Phooey! | 4/12/1993 | See Source »

Spain's current slump might explain an outburst of race tensions, which tends to explode when economic conditions sour. Unemployment in Spain, according to The Economist, is the highest in Europe. Yet industrial production hasn't fallen as much as in other countries, wage growth is among the best anywhere, and to my eyes most of the stores seemed to be doing brisk business. Most Spaniards, undoubtedly, aren't bigots. Something more than economic frustration, some cultural hiccup, drives the apparent dismissal of the horrors of racism...

Author: By Dante E.A. Ramos, | Title: ...Written on the Subway Walls | 4/9/1993 | See Source »

...sense of his own mortal shortcomings. In one of three instances when he discussed the subject during last year's campaign, he told viewers of VISN, an interfaith cable network: "My faith tells me all of us are sinners, each of us is gone in our own way and fallen short of the glory of God, and that life's struggle is for sinners, not saints, for the weak, not the strong. Religious faith has permitted me to believe in the continuing possibility of becoming a better person every day, to believe in the search for complete integrity in life...

Author: /time Magazine | Title: Clinton's Spiritual Journey | 4/5/1993 | See Source »

...trip to the now fallen Muslim village of Cerska earlier this month the general shocked others on the scene by saying he had not "smelled the odor of death" there. When he returned to the area last week, it was all around him. Serbian shells rained down, one a second at times, and 20 or more people died every day. Morillon drove in over a snow-covered mountain track and encountered the reality of Srebrenica: refugees trudging south from captured towns had swollen the population from 9,000 to as many as 80,000. Everywhere there were ragged, hungry crowds...

Author: /time Magazine | Title: A Convert Among the Dying | 3/29/1993 | See Source »

Coles studied 14 firms that announced major staff cuts during the 1980s and found that the rise in their stock prices lagged the overall market by 70% in the past three years. For example, Bethlehem Steel began laying off workers in 1986. Yet its stock has fallen 50%, in contrast to a rise of 48% by the S&P 500. Monsanto started cutting its work force in 1985, but its stock rose a slim 30%. Clearly these were troubled companies that would probably have suffered sluggish stock prices in any event, but the study indicates that cutting labor costs...

Author: /time Magazine | Title: When Downsizing Becomes Dumbsizing | 3/15/1993 | See Source »

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