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That is no joke. The collapse of the ruble has triggered an urgent debate over how to stabilize the currency. Without sound money, experts say, the drive to bring capitalism to the former Soviet republics could come to a halt. "For people to have a currency that is valueless gives a sense of outrage that is very difficult for any government to deal with," says Scott Pardee, chairman of U.S. operations for the Yamaichi International securities firm. Concurs economist Steve Hanke of Johns Hopkins University: "An economy with dysfunctional money is like an engine that...

Author: /time Magazine | Title: Currency: The Hunt for a Safe Ruble | 3/2/1992 | See Source »

Olympic hockey, turning rough-and-tumble, provided some of the most electric moments in the Games. Among them: Canada's 4-3 victory over Germany, which ended in a tie breaker when a German-launched puck blasted under the goalie, then trickled to a halt on -- but not over -- the goal line...

Author: /time Magazine | Title: 1992 Winter Olympics: Peaks & Valleys | 3/2/1992 | See Source »

...dismally familiar spiral of violence might end, Jerusalem maintained repeatedly from the start that its attacking forces were limited in number and that their mission would be short. On Friday the . troops were pulled back to the security zone, but officials promised they would return if Hizballah did not halt its rocket attacks...

Author: /time Magazine | Title: Vengeance Is Mine | 3/2/1992 | See Source »

United States Secretary of State James A. Baker III announced Monday that the U.S. will tie loan guarantees to an agreement to halt Jewish settlement in the West Bank and the Gaza Strip...

Author: By Anna D. Wilde, SPECIAL TO THE CRIMSON | Title: Israel's Rep. Speaks to Media | 2/26/1992 | See Source »

Worse yet, the rain fell too far south to replenish the state's reservoirs, which now hold only about one-third the normal amount of water. The federal Bureau of Reclamation, California's largest water supplier, said it would halt deliveries to farms in the San Joaquin and Sacramento valleys, threatening crops in two of the nation's richest agricultural areas...

Author: /time Magazine | Title: Nation Notes: Disasters | 2/24/1992 | See Source »

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