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Like commercial creditors, the Paris Club governments insist that creditors who plead for rescheduling should receive at least a word of approval and an interim loan from the International Monetary Fund in Washington, an organization to which club members also belong. Then, to convince the club that they are truly unable to pay back outstanding loans, petitioners must do a virtual striptease, disclosing their most sensitive financial data. "One of the unwritten rules is that the confidentiality of a debtor country's economic and financial statistics is sacrosanct," Trichet explains...

Author: /time Magazine | Title: In Debt? Ring Up the Louvre | 7/13/1987 | See Source »

...colleges and universities recently have concentrated their efforts in Washington on financial matters, with lobbyists going to Capitol Hill to plead for everything from student financial aid to scientific research to tax exemptions. They have adopted lobbying techniques pioneered by selfish special interests, although such tactics are understandable in light of the Reagan Administration's hostility...

Author: By John C. Yoo, | Title: Changing Priorities | 6/8/1987 | See Source »

...mayor, who contends that he has "never even seen cocaine except in the movies," rejected suggestions by his lawyer, Griffin Bell, Carter's former Attorney General, that he plead the Fifth Amendment lest the grand jury prove a political trap. Young and Bond, who also denied using coke, are prominent black Democrats, and they are eager to clear up the matter well before their party holds its national convention in Atlanta next year...

Author: /time Magazine | Title: Andrew Young's Ill-Timed Call | 5/25/1987 | See Source »

...Soviet Union and the U.S. will combine to stave off any Iraqi defeat. Said one Western diplomat: "The two superpowers are telling Iran it can't win the war. Their presence here has become a sort of Iron Curtain." This spring the Iranian Foreign Minister flew to Moscow to plead for Soviet neutrality in the war, but he came back with no such accord. Last month the Kuwaitis chartered three freighters from the Soviets to carry and protect goods passing through the Persian Gulf on the way to Iraq. The Iranians believe the U.S. is giving clandestine aid to Iraq...

Author: /time Magazine | Title: Iran Seeking Eternal Bliss in Battle | 5/25/1987 | See Source »

...President also dismissed Senate Minority Leader Robert Dole's warning that his chances of success could be as low as 1 in 100. Instead, with the firm declaration "I want to do it," Reagan traveled the extra mile down Pennsylvania Avenue from the White House to the Capitol to plead personally with Senate Republicans for the single vote he needed to sustain his veto...

Author: /time Magazine | Title: Road Warriors | 4/13/1987 | See Source »

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