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...second pillar of America's Russia policy, the embrace of President Yeltsin, reflects the understandable preference for the familiar. The June election may well produce a worse Russian President from the American point of view. But singling Yeltsin out for U.S. support will not improve his electoral chances, and, like gratuitous economic advice, gives offense to the Russian public, which has, after all, the right to choose its own leaders...

Author: /time Magazine | Title: OUR OUTDATED RUSSIA POLICY | 2/5/1996 | See Source »

Oregon Republican Mark Hatfield, a moderate pillar of the Senate for 30 years, announced he will retire next year, the 11th Senator to do so. Reports circulated at week's end that Wyoming Republican Alan Simpson, one of the Senate's crustier members, may soon become the 12th. In the House, Colorado Democrat Pat Schroeder, the most senior woman in the chamber and one of its most influential feminists, said she would also step down, as did Kansas Republican Jan Meyers, the only woman to chair a full House committee. For his part, Speaker Newt Gingrich announced that he would...

Author: /time Magazine | Title: THE WEEK: NOVEMBER 26-DECEMBER 2 | 12/11/1995 | See Source »

...world of tomorrow will be multipolar. One of the essential poles will be Europe. I think that the first objective of my term in office will be to work for the success of Europe. The second will be NATO modernization and the creation of a European defense pillar within the alliance. The third objective is to develop solidarity between Europe and two zones that are linked to it: the Mediterranean and Africa. The fourth objective is to confront certain important problems, such as aid to developing countries, unemployment, monetary stability, drugs and terrorism, and to try to provide solutions...

Author: /time Magazine | Title: AN EXCLUSIVE TALK WITH JACQUES CHIRAC | 12/11/1995 | See Source »

...Today it must undergo a modernization, especially on two levels. First, there must be a real European defense component, because there is no civilization that can survive for long if it is not capable of defending itself. So I think that we must create a sort of European defense pillar around the Western European Union, naturally linked to the American pillar within the framework of the Atlantic Alliance. Second, it is evident that the Atlantic Alliance must expand eastward. But I say simply that we must be careful to reach an agreement with the Russians that will permit this enlargement...

Author: /time Magazine | Title: AN EXCLUSIVE TALK WITH JACQUES CHIRAC | 12/11/1995 | See Source »

...nearly $365,000 of 401(k) money. "We got the whole tearful confession," Anderson says. "He just targeted our company." Fortunately for AlcoTec, its private insurance covered most of the 401(k) losses. But the capital gains the plan would have accumulated are unrecoverable. As for Timberlake, a pillar of the local business community, he began serving a six-to-ten year term for embezzlement last summer...

Author: /time Magazine | Title: IS YOUR 401(K) AT RISK? | 12/11/1995 | See Source »

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