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...Poland, the U.S. is in the awkward position of relying on the Poles and their Soviet mentors to make possible a healing of the split in NATO. Some Western European governments, however, are exploring another possible compromise: a crackdown on loans to the Soviet bloc, in return for a partial lifting of the pipeline-equipment ban. The U.S. had tried to win such a promise at last month's Versailles summit. West German Chancellor Helmut Schmidt last week discussed with Dutch Prime Minister Andreas van Agt the credit restrictions they might impose...

Author: /time Magazine | Title: Second Thoughts on the Pipeline | 7/19/1982 | See Source »

Another potential loser is Chase Manhattan, the third-largest U.S. bank. Already reeling from a $117 million loss in the second quarter because of shaky deals with the now defunct Wall Street trading firm of Drysdale Government Securities Inc., Chase last week faced at least partial write-offs on perhaps $250 million worth of bad loans...

Author: /time Magazine | Title: Oklahoma K.O. | 7/19/1982 | See Source »

...Washington Special Envoy Vernon Walters, offered a four-part solution: 1) British repossession of the Falklands to be followed by installation of a multinational administrative authority including the U.S., Britain, Brazil and Jamaica; 2) British sovereignty to continue for the time being, but with London considering at least a partial transfer of authority in the not too distant future; 3) a pullback of Argentine forces to be immediately matched or followed by a withdrawal by Britain of its task force; and 4) ultimately, direct negotiations between Argentina and Britain on the islands' long-term future...

Author: /time Magazine | Title: Falkland Islands: Girding for the Big One | 6/21/1982 | See Source »

Both books show the results of exhaustive research, including lengthy interviews with Herrin. Meyer, a freelance journalist, re-creates the case with admirable detachment. Gaylin, a distinguished psychiatrist and author (Feelings; Partial Justice) - and an admitted "father of daughters" - has specialized in questions of crime and punishment for more than 20 years. He delivers some pungent comments on the psychiatric "storytellers" on both sides, who "were acting as dutiful agents of the men who were paying their fees...

Author: /time Magazine | Title: Books: An American Tragedy | 6/21/1982 | See Source »

Vatican II extended partial recognition to non-Catholic churches, called for discussions on reunion, and eliminated the idea that Catholic belief should ideally be mandated, or at least protected, by the power of the state. It was especially this removal of church political claims that made feasible John Paul II's visit to Buckingham Palace...

Author: /time Magazine | Title: Religion: A Pope on British Soil | 6/7/1982 | See Source »

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