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...will seek a collective negotiation of Latin American countries' external debt. Such a course, Garcķa concedes, may not be possible. But for many Peruvians it was symbolic of their new leader's determination to explore untried avenues to turn around their country's troubled economy. -- By Marguerite Johnson. Reported by Gavin Scott/Lima

Author: /time Magazine | Title: Peru: Stirring Hope | 4/12/2005 | See Source »

...first quarter of this year. That was well below the sluggish 2.1 % estimate that the Government issued last month and the smallest GNP gain since the .5% increase in the final quarter of 1982. Noted Walter Heller, chairman of the Council of Economic Advisers under Presidents Kennedy and Johnson: "The economy is pretty weak at the moment. We have had a lot of conflicting signals from the economy lately, and some have been concealing the fact that it has been performing poorly...

Author: /time Magazine | Title: A Series of Bad Signals | 4/12/2005 | See Source »

...March, Fed Chairman Paul Volcker has been allowing the money supply to grow more rapidly to keep credit affordable. With inflation still in check, the central bank will be tempted to continue its looser-money policy. "Right now the economy's giving off a mixed picture," says Manuel Johnson, Assistant Treasury Secretary for Economic Policy. "But if we can be sure that monetary policy won't tighten over the course of the year, then we can be sure of a continued solid expansion...

Author: /time Magazine | Title: A Series of Bad Signals | 4/12/2005 | See Source »

Methods for dealing publicly with presidential illnesses have changed substantially since then. Bulletins are issued, news conferences are held, and sometimes plans are made for a temporary transfer of power. In 1966, when Lyndon Johnson went to the Bethesda National Naval Hospital for repair of an abdominal hernia, he summoned reporters to his bedside three hours after he left surgery to let them know he was very much in control. Under an informal agreement with Johnson, Vice President Hubert Humphrey had been given permission to exercise the power of the Chief Executive if the President was unable...

Author: /time Magazine | Title: Suffering In Secrecy | 4/12/2005 | See Source »

...need to pool our resources together,ā€ Richardson joked at the conference, ā€œbecause unfortunately not all of us have three Superbowl ringsā€ like Johnson...

Author: By Elyse N. Hanson, CONTRIBUTING WRITER | Title: NFL Heavyweights Hit The Books at B-School | 4/11/2005 | See Source »

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