Word: lefts
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Dates: during 1980-1989
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...longtime and close adviser to President George Bush, Secretary of State James Baker is one of the most powerful men in Washington. But his tenure as Ronald Reagan's Treasury Secretary has left a sorry legacy: the failure of the so-called Baker plan, the 1985 policy designed to ease the debt burden of Third World nations. The 15 largest borrowers, most of them in Latin America, have seen their debt climb to more than $500 billion, from $350 billion in 1981. The debt load has left local economies a shambles and fragile democracies threatened. After 300 people died...
...that debt reduction should be achieved by commercial banks writing off a significant portion of their loans. But the Administration is now encouraging U.S. commercial banks to reduce some of their Third World loans by allowing debtor countries to make smaller payments on their principal and interest obligations. Brady left many of the plan's details vague, and the initial response from bankers, Congress and Latin American finance ministers was guarded. The Mexican government called the plan a "first positive step" but cautioned that many details still need to be worked out. New Jersey Senator Bill Bradley, an outspoken critic...
...under increasing pressure to find a solution to the debt crisis. Last year Mexican President Carlos Salinas de Gortari won election by the narrowest margin in his party's 59-year history over left-of-center candidate Cuauhtemoc Cardenas. In Brazil left-wing parties have mounted a serious challenge to President Jose Sarney. And a nationalist party in Argentina could win the presidential elections...
There was also some suggestion around the Milan shows last week that Gigli had left in a bit of a huff, having lost a wrangle over a choice scheduling spot to Ferre, whose revenues ($390 million in 1988) currently carry a good deal more clout than Gigli's (under $10 million). "One day I just woke up and thought I'd like to show in Paris," shrugs Gigli, perhaps forgetting that Paris, for other Italian designers (like Simonetta), turned into a nightmare that left them disenfranchised, with no singular creative identity. "I shouldn't yet take all this for more...
Bernstein, who was born in 1944, recounts his Washington childhood in a family of politically progressive Jews. Upon returning from the Army at the end of World War II, his father Alfred became active as an organizer for the United Public Workers of America, a left-wing union representing federal employees. After President Truman, in an effort to satisfy political pressures, issued the loyalty order of 1947, the elder Bernstein's life was dominated by defending public workers summoned before the loyalty boards and accused of being Communists...