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...nonpayment and resulting hasty bailout caught State Department officials off guard. No mention had been made of this possibility when Secretary of State Alexander Haig visited Rumania earlier in February. Now Washington officials are beginning to wonder whether Rumania will be able to meet payments on the billions of dollars more that it owes to commercial banks round the world. Almost half of Rumania's debt load is in the form of short-term loans that must be either rolled over or paid in less than a year...

Author: /time Magazine | Title: Now It's Cash-Strapped Rumania | 3/8/1982 | See Source »

...heat is on to produce footage to accompany what some newsmen call "Mr. Haig's war." Compared with earlier days, there is less camaraderie and pack journalism, there are fewer collective safaris. The competition often borders on frenzy. The TV networks are under pressure to produce bang-bang. "Bang-bang," explains one network TV producer, "is the hook that gets it into the tin. A massacre will do it also." But the army and the guerrillas are not always cooperative. At times there is no bang-bang-at least the networks and still photographers can't find...

Author: /time Magazine | Title: Press: Searching for Bang-Bang | 3/8/1982 | See Source »

...tidbits leaked to the Washington Post of what Secretary of State Alexander Haig said privately to his senior staff over the course of a year, the most memorable was his description of the British Foreign Secretary. He called Lord Carrington a "duplicitous bastard." The Post was so proud of its sneak look at what it called the "unvarnished Haig" that it devoted about 300 sq. in. of one day's paper to Haig's "private and apparently candid pronouncements." It proved a damp squib...

Author: /time Magazine | Title: Newswatch Thomas Griffith: The Duplicitous and Innocent | 3/8/1982 | See Source »

...serious practitioners of the art of insult, the British probably dismiss Haig's testy comment on Carrington as hardly in the same world class as the invective of Lloyd George, who said that Winston Churchill would "make a drum out of the skin of his own mother in order to sound his own praises"; of World War Fs Field Marshal Haig that he "was brilliant to the top of his army boots"; of Lord Derby that he was "like a cushion who always bore the impress of the last man who sat on him." Devastating ad libs and insults...

Author: /time Magazine | Title: Newswatch Thomas Griffith: The Duplicitous and Innocent | 3/8/1982 | See Source »

...real damage of such journalism is what it does to trust among colleagues in Government. Shouldn't a Secretary of State be able to meet confidentially with his top assistants without having his exact words appear later in print? Haig's angry description of Lord Carrington more justly fits the person who leaked a year's notes of private meetings. Haig may now find himself driven to confiding in an ever smaller circle of advisers at some cost to other officials' knowing his views firsthand, and to his hearing theirs...

Author: /time Magazine | Title: Newswatch Thomas Griffith: The Duplicitous and Innocent | 3/8/1982 | See Source »

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