Word: moribundity
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Into this seething mess steps President Bill Clinton, whose two-day summit meeting with Yeltsin is scheduled to begin Tuesday. Neither President stood to gain much presidential luster from the meeting, since Yeltsin is politically moribund and Clinton is scandal-scarred and unable to offer the Russians serious assistance. U.S. officials fretted about the meeting until the last moment, wondering whether Yeltsin would still be in office when they arrived at the Kremlin, or whether he might quit as soon as they left...
Back to work, Sisyphus! Israeli-Palestinian talks aimed at reviving the moribund peace process collapsed Wednesday, and both sides immediately called for Washington to intercede. "Netanyahu wants to slowly kill the Oslo Accords even while proclaiming his commitment to them," says TIME Jerusalem bureau chief Lisa Beyer. "He wants to keep the process going without ever achieving an end result. The Palestinians have no leverage, and Israel isn't going to be moved without pressure from Washington, which is unlikely to happen. So right now the peace process is a dead horse...
TOKYO: At least Ryutaro Hashimoto knows the things to say. A day after formalizing plans to clean up Japan's ravaged banking system, the Japanese Prime Minister said he favored permanent tax cuts as the other half of a strategy to revive the moribund Japanese economy. "This was the other major step that the U.S. has been seeking on behalf of the entire region," says TIME Wall Street columnist Daniel Kadlec. "Cleaning up the bad debt allows banks to start lending to businesses again; tax cuts give Japanese people more money to start spending again...
...Chinese market remains largely untapped because Beijing works at keeping it closed. The government is genuinely worried about competition at a time when massive reform of its moribund state enterprises is throwing millions out of work, but it is still a locked-down, state-protected economy. By dint of insistent negotiating, the U.S. has since 1993 reached 15 trade agreements that have opened the door somewhat. Included are two very difficult treaties to protect intellectual-property rights. The world's worst pirater, says U.S. Trade Representative Charlene Barshefsky, "has gotten very serious about this because they have to if they...
Brown had instant name recognition, but also voters liked his support for charter schools, his vow to revive the city's moribund downtown and his "zero tolerance" of crime. "I want people to feel safer," he says. "That's key to people moving here and staying here." Brown has visited nearly 100 neighborhood groups and won endorsements from the Sierra Club to the United Farm Workers...