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...nearly five months White House and congressional negotiators haggled over ways to contain the deficit before more havoc was wreaked on the economy and mandatory spending cuts went into effect. But partisan sniping and a sheer lack of political courage frustrated a deal. By last week the Oct. 1 deadline for the $100 billion sequestration had raised the pressure to such suffocating levels that politics should have been choked out of the equation. Instead the negotiations grumped into the weekend amid fears that the pact made at the top might be undone by the congressional rank and file...

Author: /time Magazine | Title: Down to The Final Wire | 10/8/1990 | See Source »

...there is such a compelling cause--the cause of preventing Iraq from wreaking havoc in the Middle East and threatening the safety of the entire world. Allowing Saddam Hussein a way out with a face-saving negotiated settlement will only enable him to bide his time and strike out when Iraq's military prowess is even greater...

Author: By Joseph Enis, | Title: The Only Cure for the Iraq Disease | 9/20/1990 | See Source »

Because they are fewer in number, today's young adults have the power to wreak havoc in the workplace. Companies are discovering that to win the best talent, they must cater to a young work force that is considered overly sensitive at best and lazy at worst. During the next several years, employers will have to double their recruiting efforts. According to American Demographics, the pool of entry-level workers 16 to 24 will shrink about 500,000 a year through 1995, to 21 million. These youngsters are starting to use their bargaining power to get more of what they...

Author: /time Magazine | Title: Living: Proceeding With Caution | 7/16/1990 | See Source »

...nervous fiddling in Bonn was nothing compared with the havoc wrought in East Berlin. In hindsight it is clear that the fall of the Berlin Wall was due not to strategic planning, but to a sudden loss of nerve. A single ambiguous sentence uttered at a press conference, a mere slip of the tongue, was enough to start an avalanche. The unification of Germany was set off not by grand design but by a blunder...

Author: /time Magazine | Title: Germany: Rigmarole | 7/9/1990 | See Source »

Something like that spirit has reawakened in the reign of Elizabeth's namesake, the present monarch. In this similarly acquisitive age, new Elizabethans like Lord Hanson and Sir James Goldsmith appear as contemporary Sir Francis Drakes, wreaking their havoc among clumsy corporate galleons. But the staid giants of British business -- the ships of the line, so to speak -- are hardly less daring in their sorties abroad. Nor have the kingdom's investment managers lagged behind...

Author: /time Magazine | Title: World of Business: The New Elizabethans | 6/11/1990 | See Source »

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