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...program the U.S. might contemplate is providing the Kremlin with credit ! to buy Western consumer goods for resale in the Soviet Union for rubles. While some economists dismiss this as a palliative, it could bring several benefits. The goods -- clothing, household electronics, large items like autos -- could be sold at whatever the market would bear. This would absorb much of the $670 billion of savings "overhang" locked up in banks or stashed away at home because Soviet shoppers can find nothing worth buying. Sopping up that excess cash would make subsequent restructuring, from price reform to the convertibility...

Author: /time Magazine | Title: Aid That Would Work | 7/16/1990 | See Source »

Just one of the 192 nuclear warheads aboard the U.S. missile submarine Tennessee, currently at sea, would be enough to flatten the Kremlin and every building within half a mile if detonated 6,000 ft. over Moscow. Up to two miles from ground zero, all but the toughest structures would be destroyed, and even as far as four miles away, wood and brick buildings would collapse and burst into flames. But that devastation is not sufficient for the Pentagon. U.S. nuclear-attack plans call for raining 120 warheads on Moscow alone -- a level of targeting, says veteran arms expert Peter...

Author: /time Magazine | Title: America's Doomsday Machine | 7/16/1990 | See Source »

Nuclear targeting is admittedly a complicated business. Planners must calculate the reliability and accuracy of the missiles and nuclear warheads, measure them against Soviet defenses and make a judgment on what it actually takes to deter the Kremlin from launching a first strike. Still, the notion of raining down nuclear weapons on the U.S.S.R. -- "convincing every last Soviet official that he's the target," as one Air Force official put it -- is sufficiently outrageous to spur experts to speak out. In the quarterly journal International Security, national security scholars Desmond Ball and Robert Toth call the current version of SIOP...

Author: /time Magazine | Title: America's Doomsday Machine | 7/16/1990 | See Source »

...enthusiastically endorsed by NATO's 15 other heads of government, was a surprise only in one sense. True, it was the one major proposal adopted in London that had not been tipped in advance. But it was a natural development of the summit's overriding theme: to persuade the Kremlin's leaders that NATO, born 40 years ago as a specifically anti-Soviet alliance, today has only the most peaceful intentions toward the U.S.S.R. As the closing communique put it, "The Atlantic community must reach out to the countries of the East which were our adversaries . . . and extend to them...

Author: /time Magazine | Title: NATO: Helping Hand or Clenched Fist? | 7/16/1990 | See Source »

Bush, at a press conference after the meeting, proffered some one-old-pro- to-another advice on how Gorbachev could use the NATO communique to counter his critics inside the Kremlin. Bush's counsel: "I think ((Gorbachev)) will say, 'Look, NATO has indeed changed in response to the changes that have taken place in Eastern Europe' . . . I would think he could say, 'We've been right to reach out as we have tried to do to the United States and . . . to improve relations with countries in Western Europe. They're changing, they have now changed their doctrine because of steps...

Author: /time Magazine | Title: NATO: Helping Hand or Clenched Fist? | 7/16/1990 | See Source »

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