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Lower energy costs, however, would bring some benefits to help offset Mexico's woes. Reduced prices would trim inflation worldwide and thereby cut Mexico's interest bill. Economists estimate that a one-percentage-point drop in borrowing costs could save Mexico about $700 million in interest payments this year...

Author: /time Magazine | Title: Banking on Mexico | 2/7/1983 | See Source »

...colleagues had expected that the zero option would run into a stone wall in Geneva. They were somewhat more surprised to discover that Washington gave them virtually no flexibility to explore compromises along the lines of what the State Department had originally favored: a reduced SS-20 force offset by a scaled-back NATO package...

Author: /time Magazine | Title: Playing Nuclear Poker | 1/31/1983 | See Source »

...embarked on a secret exploratory mission with his Soviet counterpart, Yuli Kvitsinsky. The two men came up with a plan that might have broken the bargaining impasse. Nitze would have given up the Pershing II program altogether and had the U.S. deploy enough cruise missiles to offset a greatly reduced force of SS-20s in Europe The purely military rationale of the Pershing IIs had always been the object of debate and doubt. Their range would not permit them to reach Moscow, and the targets that they could hit in the western regions of the U.S.S.R. were also covered...

Author: /time Magazine | Title: Playing Nuclear Poker | 1/31/1983 | See Source »

...producers and further tightening the industry's cash squeeze. Last autumn U.S. steelmakers won concessions from European producers, who agreed to limit exports to the U.S. to about 5.5% through 1985. But analysts warn that a slowdown in European exports is more than likely to be offset by rising imports from market-hungry producers elsewhere...

Author: /time Magazine | Title: Big Steel's Winter of Woes | 1/24/1983 | See Source »

...when he was Gerald Ford's running mate in 1976, his humor has lost its nasty edge. He has mellowed personally and become more moderate politically. His stock soared during the last session when, almost singlehanded, he shepherded through Congress $98.3 billion worth of tax hikes designed to offset the staggering federal deficit...

Author: /time Magazine | Title: A Woman's Touch for the Cabinet | 1/17/1983 | See Source »

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