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...Scott MacLeod, Iran stands to eventually undergo changes that will alter its foreign relations. "Khatami has a proven track record for being an advocate of a more tolerant society. That would translate into more openness with the outside world in terms of trade and investment. Although nothing would happen overnight, this may improve relations with the West, which has been very critical of the Iranian regime since the Islamic Revolution." But MacLeod adds that a victory by Nateq-Nouri could make Iran a more insular nation. The likelihood he will take the election is enhanced, he says, by the fact...

Author: /time Magazine | Title: Iran Votes | 5/23/1997 | See Source »

...leave the rates unchanged. Stocks rose sharply after the news, ending a rollercoaster day that had sent prices down as much as 80 points in the morning with a 74-point Dow advance to 7303. The decision will hold the rate that commercial banks charge one another for overnight loans at 5.5 percent. A rate hike would have meant higher borrowing costs for millions of credit card-wielding Americans, but would also have slowed the economy and dampened inflation. Characteristically refusing to comment on the decision, Fed chairman Alan Greenspan and his colleagues left Wall Street economists to speculate over...

Author: /time Magazine | Title: Fed Checks | 5/20/1997 | See Source »

These moves will not bring Harvard gender proportionality in professorships overnight. But they represent positive, responsible steps the University ought to take. And they are moves that Harvard must take if President Rudenstine is to avoid hypocrisy as he continues to flout Harvard's commitment to diversity at every turn...

Author: By The CRIMSON Staff, | Title: We Need More Women Faculty | 5/12/1997 | See Source »

...pitch about investing in the party's grass roots and that the debt "is absolutely manageable," but for now the D.N.C. must resort to the tricks of the overextended. Payments to vendors are late; some donors to last week's gala were asked to send their checks overnight to help the party make its payroll...

Author: /time Magazine | Title: A DEFICIT OF THEIR VERY OWN | 5/12/1997 | See Source »

...been a trying couple of weeks for Harrison Ford. First, his leading lady in the upcoming Six Days/Seven Nights, Anne Heche, overnight became the world's second most famous lesbian. Then he learned that Fox and Paramount want to open their joint $200 million production, Titanic, on July 25--right up against his big summer picture, Air Force One, being released by Columbia...

Author: /time Magazine | Title: DON'T STEP ON MY WEEKEND | 5/12/1997 | See Source »

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