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...Soviet joint venture to develop control systems for oil refineries and petrochemical plants. Combustion Engineering of Stamford will supply the technological know-how, while the Soviet oil ministry provides equipment and labor. Although control over the venture is tipped 51% to 49% in favor of the Soviets, the pact offers something for both sides: Moscow gets access to badly needed technology, and Combustion Engineering gets a foothold in the world's largest oil industry...

Author: /time Magazine | Title: JOINT VENTURES: Glasnost Makes a Deal | 11/23/1987 | See Source »

...Texas Democrat and President Reagan co-sponsored a peace plan for Central America. Two days later in Guatemala City, five of the region's Presidents, including Ortega, signed a different accord, this one championed by Costa Rican President Oscar Arias Sanchez. Wright quickly threw his support behind the homegrown pact and invited Arias to address Congress. Since then Wright has repeatedly warned the Reagan Administration that no new funds for military aid to the contras will be approved so long as the peace process remains alive. At the same time, Wright has turned down two Sandinista invitations to serve...

Author: /time Magazine | Title: Central America The Wright Stuff | 11/23/1987 | See Source »

Despite the diplomatic obstacles ahead, Nicaragua's overture promises to put fresh wind in the listless sails of Central America's peace process. While no one seriously believed an enduring peace would settle over the region on Nov. 5, as called for by the pact, Arias had repeatedly warned that negotiations were at an "impasse" that could be broken only if the Sandinistas yielded on the cease-fire talks. Though the Reagan Administration has never been happy with the accord, the proposal has so far survived, if only because no leader wants to be seen as the man who killed...

Author: /time Magazine | Title: Central America Eyeing a Dialogue | 11/16/1987 | See Source »

...supported Lenin's free market-oriented New Economic Policy and opposed forced collectivization, with helping to frustrate Trotsky's ambitions. Yet Gorbachev felt compelled to cite Lenin's reservations about Bukharin's ideological purity. On that point, as in his unabashed defense of the Kremlin's infamous 1939 pact with Hitler, Gorbachev showed there are limits on how far even he would stray from official versions of Soviet history...

Author: /time Magazine | Title: Soviet Union Lifting the Veil on History | 11/16/1987 | See Source »

...arrangement for U.S. bases, and six times they have failed. So when the seventh round of talks began last week, further stalemate seemed all but certain. Indeed, at the end of the session, Spanish officials announced they would not "automatically renew" the current military treaty. That means a new pact will have to be worked out by next May or the U.S. will be forced to abandon installations it has occupied since...

Author: /time Magazine | Title: Diplomacy: Will Planes in Spain Remain? | 11/16/1987 | See Source »

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