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...Homa housing project in Jerusalem. Netanyahu, though, must weigh that calculation against the pressures on him from the right wing of his supporters to maintain a hard line toward Palestinians. For his part, Arafat gave Ross assurances he would do his best to quell further violence, postponing a joint rally for Palestinian unity of his Fatah movement and Islamic militants. "If Arafat can get the settlements stopped, he may crack down on Hamas, but it will be largely a political show for the Israelis and the U.S.," notes McGeary. "If the Palestinian people begin to see real concessions from Israel...

Author: /time Magazine | Title: Arafat's Tough Hand | 3/28/1997 | See Source »

...shopping list is right out of the cold war. The Air Force wants 438 F-22 fighters at $160 million apiece. The Navy plans to buy 1,000 advanced F-18Es. The Army is counting on 1,292 Comanche helicopters. And the services together want 2,978 more Joint Strike Fighters. That's 5,708 planes; this mere slice of Pentagon spending will cost as much as all federal environmental programs for the next 17 years...

Author: /time Magazine | Title: THE SKY'S THE LIMIT | 3/24/1997 | See Source »

...make their case, the generals and admirals needed to do some creative salesmanship while avoiding some basic questions, like Will they work? Are they worth it? Do we need them? And so it is that General Joseph Ralston, Vice Chairman of the Joint Chiefs of Staff, has been presenting lawmakers with charts showing the deployment of warplanes around the world and the threat they represent to American security. What Ralston doesn't point out is that this ominous global collection of nearly 6,000 advanced warplanes includes those of Britain, France, Canada--everyone except the U.S. Nor does he mention...

Author: /time Magazine | Title: THE SKY'S THE LIMIT | 3/24/1997 | See Source »

...believes the economy is growing too fast, and he's getting ready to slow it down. The Fed Chairman prepared investors for an increase in interest rates by telling a Congressional committee that he believed the Fed had to act soon to head off inflation. Speaking before the Congressional Joint Economic Committee, Greenspan said that strong economic growth so far this year, coupled with a tight labor market, will lead to inflation later unless the central bank acts soon. Greenspan specifically linked his concerns to recent reports showing unexpected strength in such areas as retail sales and job growth, which...

Author: /time Magazine | Title: Applying the Brake | 3/20/1997 | See Source »

Walters is best known for arranging a joint interview in 1977 with Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin...

Author: By Matthew R. Hubbard, | Title: Barbara Walters Gets Journalism Award | 3/19/1997 | See Source »

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