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...attack for critics who no longer consider Reagan unassailable. As he approaches his 76th birthday on Feb. 6, while recuperating from prostate surgery, an old question is once again being raised in Washington: Has the President wandered so far out of touch that he is losing his ability to govern the country...

Author: /time Magazine | Title: Is He More Out of Touch Than Ever? | 1/26/1987 | See Source »

...notes. But since many nations impose different regulations on their financial systems, the playing field for the international investor is not always a level one. Last week Britain and the U.S. took a major step toward smoothing the surface. The two countries proposed a uniform set of rules to govern banks' capital reserves. Federal Reserve Board Chairman Paul Volcker called the pact a "breakthrough...

Author: /time Magazine | Title: BANKING: A Jolly Good Agreement | 1/19/1987 | See Source »

...will be in office two more years, Reagan really has at most twelve months in which to get his Administration moving again. Congressional Democrats, similarly, have only until the end of 1987 to answer the question that Byrd rightly poses for this year's legislative session: "Can the Democrats govern in the post-Reagan era?" By next January the 1988 presidential campaigns will be in full swing in both parties, and any new initiatives will have to be put on hold until after the election. Both Reagan and the Democrats in Congress need to get off to a solid start...

Author: /time Magazine | Title: The Last Battles | 1/12/1987 | See Source »

...months of the Marcos era to accept the petite grandmother with a little girl's voice as a plausible leader of the country that houses the largest U.S. military installation abroad. Even after the election, a White House aide publicly complained, "How the State Department thinks that Aquino can govern on her own is just beyond...

Author: /time Magazine | Title: Woman of the Year | 1/5/1987 | See Source »

Since she came to power, however, Aquino has systematically gone about stilling many of those doubts. Before visiting her in Manila in May, U.S. Secretary of State George Shultz privately expressed doubts about her ability to govern. Afterward, and ever since, the normally poker-faced Secretary has fairly glowed at the very mention of Aquino's name. When Cory spoke before a joint session of Congress, she received the most thunderous reception given any foreign leader in more than a generation. Indeed, the entire U.S. tour, observed a State Department official who accompanied her, was "staggeringly successful. She had hard...

Author: /time Magazine | Title: Woman of the Year | 1/5/1987 | See Source »

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