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...from collective farms diminished after Mayor Anatoli Sobchak swept to power in elections in 1990. The bureaucracy, still predominantly hard-line communists, dragged their feet on implementing changes. While other Russian cities, including Moscow, could barter their industrial products for farm produce, St. Petersburg, with 72% of its industrial output devoted to military hardware, had nothing to trade. Observed a city tourist guide bitterly: "You can't buy a chicken with a tank...

Author: /time Magazine | Title: Russia: Looking Into the Abyss | 1/20/1992 | See Source »

Together, the U.S. and Japan account for 40% of the world's economic output. The interconnectedness of their economies makes a broader strategic partnership between Washington and Tokyo essential, especially since Japan's neighbors include a Russia that is in deepening crisis, a North Korea that has the most militaristic and totalitarian regime on earth and a China that could, in the next few years, undergo a power struggle of epic proportions...

Author: /time Magazine | Title: America Abroad | 1/13/1992 | See Source »

...modern feminists. Paglia writes with freshness and blithe arrogance, and she does not hesitate to hurl brazen insults. She accuses author Germaine Greer, for example, of becoming "a drone in three years," sated with early success. Susan Sontag is another victim of celebrity. Princeton feminist Diana Fuss's output is "just junk -- appalling...

Author: /time Magazine | Title: The Bete Noire of Feminism: CAMILLE PAGLIA | 1/13/1992 | See Source »

...slice it, the economy is sluggish. But last week the Commerce Department began highlighting the gross domestic product instead of the more familiar gross national product as its preferred gauge of the economy's health. Both measure the total output of goods and services. But the GNP, in use since 1941, covers production by a country's workers wherever they are in the world. The GDP, which the rest of the industrialized world uses, covers only the production within a nation's borders. Unfortunately, this statistical lens doesn't improve the current picture. The new figures show the economy grew...

Author: /time Magazine | Title: Economics: Grossed Out | 12/16/1991 | See Source »

...anniversary might mark an ominous ! turning point in trans-Pacific relations. But truth has a way of being much less dramatic. If Japan is shifting much investment and production to its Asian neighbors, it is doing no more than U.S. multinationals have done for decades. Japan's economic output may top America's GNP in 10 years if current growth rates persist, but large numbers of Japanese who struggle with skimpy retirement benefits and cramped homes still look up to the American way of life. Kembei books amount to little more than curiosities. The very term kembei...

Author: /time Magazine | Title: Fleeing The Past? | 12/2/1991 | See Source »

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