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...could virtually balance the budget by 1988 by clamping a lid on most spending, including defense and entitlements, for a five-year budget savings of nearly $600 billion, while closing over $256 billion in tax loopholes. California Senator Alan Cranston found even some antinuclear activists slipping out of his fold, turned off in part by his advocacy of the B-1 bomber...

Author: /time Magazine | Title: Trying to Break from the Pack | 2/6/1984 | See Source »

China's yearning to tempt Taiwan back into the administrative fold. In addition, the public optimism was doubtless designed to reassure Hong Kong's notoriously jumpy financial markets. When negotiations were foundering last year, the Hang Seng stock market index dipped 25% in three months, down to 785.48; after last week's comments, the market index soared above 1000 for the first time since August...

Author: /time Magazine | Title: Hong Kong: Looking Ahead | 1/30/1984 | See Source »

...historical roots of the crisis are two-fold. First, in the post-WWH international atmosphere, best exemplified by the United Nations, the principle of national sovereignty was raised to new heights. The "equality" of nations was affirmed by equal voting in the General Assembly, and new respect was supposedly owed to then existing borders and to the legal status of each nation...

Author: By Paul W. Green, | Title: Risky Business | 1/6/1984 | See Source »

...have bonuses under their Christmas trees, but big ones are on the way. Beginning this spring, the Big Three automakers will give executives their first bonus checks since 1979. General Motors, Ford and Chrysler expect record total profits of about $6.5 billion in 1983, a more than 13-fold increase from $475 million in 1982. At present, many auto executives are taking home less than they earned five years ago. GM Chairman Roger Smith, for example, made $548,634 last year, compared with a salary of $240,000 and a bonus of $590,000 in 1978, when...

Author: /time Magazine | Title: Bonus Babies | 1/2/1984 | See Source »

...commands so large a following among intellectuals, even it it has lost ground among politicians. And lost ground it has. In the end, Jackson stood virtually alone. With his death and the abdication of his heir apparent, Senator Daniel Patrick Moynihan, who has quietly moved to the orthodox liberal fold, the center is now weaker than ever...

Author: /time Magazine | Title: Essay: What Ever Became of the American Center | 12/19/1983 | See Source »

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