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...radical reversal from the sunny days of the 1960s and early '70s, when the region's rapid economic growth offered the hope of broad-based prosperity. When the countries' heavy debt burdens triggered inflation and stagnation in the 1980s, most Latin American families began sliding rapidly into hardship. This year Mexico's annual inflation rate is running at 17% (down from 52% last year), Argentina's, 3,500% (up from 388%) and Brazil's, 1,600% (up from 934%). Perversely, the rich have helped perpetuate the economic malaise by such tactics as sending their money to safe havens abroad...

Author: /time Magazine | Title: A Chasm of Misery | 11/6/1989 | See Source »

Some soldiers make immediate and tragic exits. Bill Haneke is energized by President John F. Kennedy's 1961 Inaugural speech calling for a new generation to bear any burden, meet any hardship. He returns from Southeast Asia minus a right leg, a left foot and an eye. Tommy Hayes, the son and grandson of West Point major generals, rejects the sanctuary of graduate school. In a letter home he writes, "My country has invested a great deal in me as a soldier. I should like to repay that investment." The price is his life, taken in the jungle north...

Author: /time Magazine | Title: Books: Point Blank | 10/30/1989 | See Source »

...production machine has grown old and uncompetitive, and economic growth is less than 1% a year. The Communist youth daily Junge Welt asked last week what must be done to keep its citizens from being "lured away by shop windows filled with bananas." But it is not simply economic hardship in the East that motivates those who flee to the West. The refugees who arrived in West Germany stressed that it was the all-intrusive influence of the Communist Party on their daily lives that finally persuaded them to leave...

Author: /time Magazine | Title: East Germany: The More Things Change . . . | 9/25/1989 | See Source »

...remembers the rampant starvation and hardship all around him. And he remembers what he was taught in school--that it would all pass, that Japan had never lost a war and never would...

Author: By Joseph R. Palmore, | Title: Re-evaluating History | 9/15/1989 | See Source »

...speaking, he characteristically offers opinions on everything from Nicaragua (pro-contra) and Gorbachev (don't trust him) to abortion (pro-life) and Jesse Jackson (full of "mindless, rhyming pieces of nonsense on which he has built a career"). One of his central philosophical tenets is the necessity of accepting hardship and disappointment. "I'm sorry I didn't put 'death' into the index," he said in an interview. "I really believe that confrontation with death and with reality is necessary to moral education...

Author: /time Magazine | Title: Education: The Ivory Tower Triggerman | 8/28/1989 | See Source »

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