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...branches on East Berlin street corners. Elsewhere in Eastern Europe, where countries like Hungary and Poland are burdened with billions in foreign debt, bankers from abroad are more cautious about stepping in. German and Austrian banks are expected to increase lending once East bloc economies are further along the path to free markets. But the amounts will be relatively small -- much smaller, ironically, than the billions in loans offered by the West when the East bloc was run by totalitarian regimes. Speaking in Zurich, A.W. Clausen, the former World Bank president and recently retired chairman of BankAmerica, warned against pouring...

Author: /time Magazine | Title: Bareknuckle Banking | 7/30/1990 | See Source »

Ivashko has prospered by carefully treading the centrist path and, like Gorbachev, making the best of the inevitable. Interviewed in his Kiev office shortly before he took up his new job, Ivashko insisted that "the Ukrainian people are masters of their own land." But complete separation from the union, he said, was "not politically, economically, socially or culturally feasible" for the Ukraine...

Author: /time Magazine | Title: The Party Man from Kiev | 7/30/1990 | See Source »

...powerful figure of Sakharov exists as a promise that our time can still produce heroes. He stands as a prophet who preached of a more peaceful world to men who preferred war. With the barriers between political blocs just now tumbling, we are finally beginning to move on the path he cleared for the rest...

Author: By William H. Bachman, | Title: Dissident, Genius and Countryman | 7/27/1990 | See Source »

...other aspects of reconciliation continue to elude her. She has not harmonized the competing interests of her supporters and detractors or brought Nicaraguans to accept the bitter pill of economic retrenchment. Perhaps most difficult of all, she has not persuaded extremists of either right or left to take the path of moderation, the only path that can pull Nicaragua out of its perennial misery...

Author: /time Magazine | Title: Nicaragua Caught Between Extremes | 7/23/1990 | See Source »

...black America hasn't suffered enough, it now faces a new calamity: the rise of an alternative political leadership, racist and nihilist, leading it angrily down a path to nowhere. The group -- a motley crew of scoundrels, losers and liars -- had its national premiere at the circus surrounding the perjury and cocaine-possession trial of Washington Mayor Marion Barry. It was a scary show...

Author: /time Magazine | Title: Essay: The Black Rejectionists | 7/23/1990 | See Source »

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