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...office a mere six months, García has already established himself as one of the most admired and influential leaders in Latin America. Part preacher, part pedagogue, he is praised for injecting new vigor into a crippled government and moribund economy. In addition, he has shaken boardrooms from Wall Street to Tokyo with his defiance of the multinational banks that hold many of Latin America's burdensome loans. His July inauguration made front-page news in Western capitals when he used it to announce that Peru would spend no more than 10% of its export earnings for interest and principal...

Author: /time Magazine | Title: South America: Flair, Firmness And Ideas | 6/21/2005 | See Source »

...Defense officials on the management of the clandestine projects. One reason for the concern is the astounding growth of the programs during the Reagan Administration. According to an analysis of the Pentagon budget by the National Journal, black budgets for researching, developing and procuring secret weapons increased from a mere $892 million in 1981 to $8.6 billion for the up-coming fiscal year. Legislators are concerned that major strategic and budgetary decisions are being made without proper discussion. Under pressure two weeks ago, the Pentagon said that the cost of the Stealth bomber would be no more than...

Author: /time Magazine | Title: Keeping Programs in the Black | 6/21/2005 | See Source »

...technique, regarded by piano connoisseurs as the most dazzling since Franz Liszt set the standard of virtuosity in the mid-19th century, gets the listeners into the tent. Horowitz could always do anything he wanted at the keyboard, whether pounding out octaves or rippling off scales in thirds. But mere technique is not enough. Just as Luciano Pavarotti's high notes, in the tenor's prime several years ago, were backed up by a gorgeous liquid tone and a supple sense of phrasing, so Horowitz's pianism offers many subtleties: the absolute independence of each finger, which makes it sound...

Author: /time Magazine | Title: Vladimir Horowitz: The Prodigal Returns | 6/21/2005 | See Source »

Though Homer exhibitions up to now have tended to treat his watercolors as ancillary to his oils, mere preparations, it is clear from this one that Homer did not think that way himself and that he did more than any other 19th century American artist to establish watercolor as an important medium in the U.S. In structure and intensity, his best watercolors yield nothing to his larger paintings. Homer had great powers of visual analysis; he could hardly look at a scene without breaking it down and resolving it as structure, and some of his paintings of the Adirondack woods...

Author: /time Magazine | Title: Art: Into Arcadia with Rod and Gun | 6/21/2005 | See Source »

...Soviet advantage was underscored by the decision to have Raisa Gorbachev go to the Reykjavík meeting after all, even though Nancy Reagan was not attending. Asked about her presence, one Soviet newsman shrugged, "Women are often unpredictable." But more than mere whim seemed to be involved. The Soviets seemed to be aping the American tradition that a leader abroad is more appealing when accompanied by an adoring spouse...

Author: /time Magazine | Title: Soviet Spin Control | 6/21/2005 | See Source »

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