Word: guests
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Dates: during 1980-1989
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More than two decades ago, TIME inaugurated its Newstour, an event in which U.S. corporate, philanthropic and educational leaders take on the role of guest journalists, interviewing key personalities in nations that are in the news. A Newstour in 1978 covered 8,000 miles in the Middle East and Africa; three years later the destinations were Eastern Europe and the Middle East; in 1983, Mexico and Panama. TIME has also reversed the process: in May 1981 the magazine arranged for 22 leading European and South African businessmen to meet U.S. policymakers in Washington. Last week, in a similar exercise, TIME...
...TIME's guest journalists were relieved to learn that there was little resentment in Washington over Canada's $20.4 billion trade surplus with the U.S., largely because the government of Canadian Prime Minister Brian Mulroney is perceived to be opening the country to increased U.S. investment. Said Alfred Powis, chairman of the giant resources company Noranda Inc.: "Whoever is in charge (in Washington) isn't spending a whole lot of time worrying about Canada, and that's all to the good...
...turns to the strong dollar. Says Peter Peterson, former chairman of Wall Street's Lehman Bros. and Commerce Secretary during the Nixon Administration: "I am on five company boards, and on four of them there is much more discussion about the dollar than ever before." Peterson, who was a guest at the meeting of TIME's Board of Economists, called for quick action to stop the rise of the dollar and help American exporters. His program...
...effects are gradual and masked by the general prosperity. "Deficits are not explosive," said Heller. "They are corrosive." Most disturbing, the U.S. will become a debtor nation this year for the first time since 1917. Peter Peterson, former chairman of the Lehman Bros. Kuhn Loeb investment firm and a guest at the TIME board meeting, said that unless action is taken to bring down the deficit and the dollar's value, America could owe foreigners $1 trillion by the end of the decade. Observed Heller: "We're fattening our own standard of living today, at the expense of a leaner...
...After leaving the Zaks' home in Long Branch, N.J., Gwinnell smashed his car head on into a car driven by Marie Kelly, who sued. Last June the New Jersey Supreme Court ruled that the Zaks and other hosts could be found liable if they served liquor directly to a guest and sent him out drunk onto the highways...