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...incentives. They've been tried, and they don't work. In October 1991, New York City, New York State, New Jersey and Connecticut agreed that a series of costly bidding wars to attract corporations was ruinous for all concerned. The four governments signed what was described as a nonaggression pact. Less than a year later, the truce was in tatters. New Jersey fired the first shot; among its targets was the New York Mercantile Exchange, which it tried to entice across the Hudson to Jersey City. Piqued New York City officials groused that because of New Jersey's wooing...

Author: /time Magazine | Title: Corporate Welfare: Five Ways Out | 11/30/1998 | See Source »

Some years ago, the people of Chile made a pact with the devil, an inelegant pact, repugnant to all lovers of justice. But because of it, the Chileans have peace, democracy and hope for a better future. This pact is fragile. Meddling by third parties from the other side of the globe is breathtakingly mischievous. Chilean President Eduardo Frei is struggling manfully to maintain domestic tranquillity in the country, to keep a restive army in its barracks and to prevent blood from flowing once more in the streets of Santiago. JOHN RAY Fontenay-Tresigny, France...

Author: /time Magazine | Title: Letters: Nov. 23, 1998 | 11/23/1998 | See Source »

Dumitru and Camelia Moceanu had the greatest of expectations for their daughter Dominique--even before she was born. The Romanian gymnasts, who had defected to the U.S. during the cold war, made a pact that their first-born would follow in their footsteps--even if they had to "just drink water and eat bread." Dumitru had his baby girl hanging by her hands from a clothesline at six months and tumbling in her first gymnastics class at age three. It paid off. Soon after her 10th birthday, they left their jobs in Tampa, Fla.--Camelia worked in a hair salon...

Author: /time Magazine | Title: Vaulting into Discord | 11/2/1998 | See Source »

...betrayed the U.S. intelligence community's "sources and methods"--a blueprint of the capabilities and limitations of the world's most powerful intelligence network and important clues to the identity of U.S. agents abroad. Pollard argues that he gave Israel only information it was entitled to under a 1983 pact between Washington and Jerusalem...

Author: /time Magazine | Title: America's Traitor, Israel's Patriot | 11/2/1998 | See Source »

...President Clinton released convicted spy Jonathan Pollard, the Israeli prime minister backed down. Instead, the issue of Pollard, a civilian U.S. Navy intelligence analyst convicted of spying for Israel, has been tabled until that nicest of diplomatic elements -- an unspecified later date -- occurs. The Israelis and Palestinians signed a pact Friday covering the Wye talks' main issue: Israeli withdrawal from 13.1 percent of the West Bank in exchange for greater security guarantees by the Palestinians...

Author: /time Magazine | Title: Arafat and Netanyahu Reach a Deal | 10/23/1998 | See Source »

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