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What is happening in Moldova is of global concern for another reason too. It is a not at all untypical example of one of the two main trends vying to shape the post-cold war world. One is the move toward uniting once jealous sovereignties in economic groupings that also have political ties, like the 12-nation European Community. The contrasting trend is toward splitting up existing states into smaller ethnic nations, some of which then go on to divide amoeba-like into ever smaller pieces. Moldova conceivably might split in three: the Gagauz, a 150,000-member clan...

Author: /time Magazine | Title: Splinter, Splinter, Little State | 7/6/1992 | See Source »

...most politicians have tended to play games with the deficit, offering quick-fix schemes such as the balanced-budget amendment to the Constitution, which the House of Representatives narrowly defeated last week. But there are no quick fixes anymore. Consider this: if the U.S., in the throes of post-cold war euphoria, had decided to spend absolutely nothing on national defense in 1992 -- not even salaries for the troops or pensions for the retirees -- the deficit would still be nearly $90 billion, an all-time high for any year in American history before 1982. Actually to balance the 1992 budget...

Author: /time Magazine | Title: The Federal Deficit | 6/22/1992 | See Source »

Increasingly at odds with post-cold war norms, China also claims there is no truth in Western charges that it secretly sells nuclear and ballistic missile technology to Third World countries, colludes to evade customs duties or violates copyright agreements...

Author: /time Magazine | Title: China's Smoke Signal | 6/1/1992 | See Source »

...days later, back in Washington, I had an opportunity to get a clearer sense of Pentagon thinking. Along with several other curious civilians, I spent most of a day listening to American military officers explain how they are adjusting to the budgetary stringencies and geopolitical complexities of the post-cold war era. They are under orders to reduce the size of the U.S. military 25% in the next three years and cut by more than half the number of G.I.s in Europe...

Author: /time Magazine | Title: America Abroad: Peacekeeping Loves Company | 5/18/1992 | See Source »

...post-cold war mood, France is suspending all nuclear testing for the rest of the year. New Prime Minister Pierre Beregovoy hopes that others will follow and "put a halt to overarmament...

Author: /time Magazine | Title: Et Cetera | 4/20/1992 | See Source »

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