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Many of these changes could be quickly reversed, most notably if the confrontation with Saddam should come to open war. But then there would be other changes, as hard to forecast as they are dreadful to contemplate. Win, lose or draw, Iraq's dictator made a mark on history by invading Kuwait Aug. 2; nothing will again look quite...

Author: /time Magazine | Title: The Gulf: A New World | 9/17/1990 | See Source »

MILITARY. The price in lives -- on both sides -- is the hardest to forecast. Says Anthony Cordesman, a Washington-based military analyst: "War is one big experiment." It is just possible a coup in Baghdad would topple Saddam Hussein and bring the war to a quick, low-cost conclusion...

Author: /time Magazine | Title: The Gulf: What Price Glory? | 9/3/1990 | See Source »

...price tag has grown from a White House projection of $166 billion over 10 years to what some experts now fear could be a $1 trillion bill spread over 30 years as the government shuts down nearly half the entire thrift industry. The White House's own current forecast projects a cleanup cost of at least $500 billion over the next 40 years. That includes $160 billion to be used mainly to pay insured depositors at shuttered thrifts plus some $340 billion of interest on the government bonds that will finance the bailout...

Author: /time Magazine | Title: No End in Sight | 8/13/1990 | See Source »

...lines formed at the teller windows after breakfast," said Ingo Fahlisch, manager of the savings bank where most of the townsfolk had their accounts. "But then it returned to normal." In the first week of monetary union, East Germans withdrew only $2.7 billion, well below the $3.5 billion minimum forecast by the Bundesbank...

Author: /time Magazine | Title: The Germanys No Fools in Furstenwalde | 7/16/1990 | See Source »

...with the slightly ridiculous, The Burden of Proof need not undergo strenuous cross-examination. It is a good story well told. Its characters are substantial, and its underlying theme of family has been central to the popular novel from War and Peace to The * Godfather. So here is a forecast you can't refuse: this summer, readers from Montauk to Maui will be turning the pages of Turow's book fast enough to air- condition the country...

Author: /time Magazine | Title: Books: Crimes of The Heart | 6/11/1990 | See Source »

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