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Just as Dulles had done in the '50s, the U.S. was again drawing a line in the dust and warning the bad guys not to cross it. It is questionable that even in their most expansionist phase, the Soviets ever seriously considered a grab for the oil and warm-water ports of the gulf. But if they did, it is certain they took very seriously indeed the risk that they would end up in a war with the U.S. In short, they were deterred...

Author: /time Magazine | Title: America Abroad: The Deterrence Vacuum | 8/13/1990 | See Source »

Saddam's power grab is a bold reminder of the role brute force will always play in the history of nations. Without the threat of escalation to superpower conflict, countries with sophisticated weapons and thuggish rulers will try to take advantage of the shifting international climate to assert their will. The ( threat to U.S. interests is not some distant danger. It is very real, and not only because of the region's oil reserves. Does America really want to let the Saddams of the world shape the new global power structure...

Author: /time Magazine | Title: Iraq's Power Grab | 8/13/1990 | See Source »

Iraq's land grab drew inevitable comparisons with the 1930s, when Hitler began to gobble up Europe in pieces small enough not to provoke a military response by the other powers of the day. It did not take long before fears + grew that Iraq, having devoured Kuwait, would turn next to other appetizing and vulnerable gulf nations -- most notably Saudi Arabia, the richest of them all. The extent to which the NATO countries, the Soviet Union and the threatened Arab states move to thwart Saddam will determine whether they have learned the lesson of history or are doomed to repeat...

Author: /time Magazine | Title: Iraq's Power Grab | 8/13/1990 | See Source »

...excited his people with impassioned speeches full of grievances toward their neighbor. He exploited a border dispute, scheduled negotiating sessions that were intended all along to be fruitless, and cooked up a request for intervention by supposedly downtrodden locals. The invasion sequence itself was classic '30s: bluff, feint and grab...

Author: /time Magazine | Title: Iraq's Power Grab | 8/13/1990 | See Source »

...plan is to boost the current tax from one-third of 1% of the value of each stock trade to 5% of a transaction's value, which would raise an estimated $60 billion over five years. "It's an easy grab," admitted a securities lobbyist fighting the plan. "It raises billions from people who don't scream and may not even feel...

Author: /time Magazine | Title: An Easy Grab | 7/23/1990 | See Source »

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