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...regional ups and downs belie the popular image of the U.S. as a single, monolithic marketplace where similar economic conditions prevail from coast to coast. While most experts expect the U.S. economy to expand at an anemic rate of 1% to 2% this year, vs. nearly 3% in 1989, that statistic masks the fact that some areas are already in a recession while others are steaming ahead. "This is still an economy made up of a lot of subeconomies," says Robert Dederick, chief economist of Chicago's Northern Trust Bank. "That will be true for a long time to come...

Author: /time Magazine | Title: Boom And Gloom | 1/15/1990 | See Source »

Angry conservationists are predicting that tanks, planes and infantrymen will wreak havoc with the environment. Ranchers fear the destruction of prime grazing land. But because only two of the 19 proposed land acquisitions require congressional approval, the Pentagon is likely to prevail. Declares Minnesota Congressman Bruce Vento: "They're going to listen to the public, but in the end they'll do what they want...

Author: /time Magazine | Title: REAL ESTATE: Bomb, Bomb On the Range | 1/15/1990 | See Source »

Smuggled out of Albania by his parents days after his birth in 1939, Leka boasted in the 1970s of training an emigre army to harass the government, which deposed his father in absentia in 1946. Today, he says, "we hope negotiation will prevail." He adds that he is prepared to renounce the throne, if the people will it. An idea worth floating, anyway...

Author: /time Magazine | Title: Albania: Revolution By Balloon | 1/15/1990 | See Source »

...Instability is likely to prevail in Eastern Europe for years to come, but for all its problems, the region has a far better chance of building democratic institutions and a market economy than the Soviet Union, which lags decades behind its former satellites...

Author: /time Magazine | Title: What The Future Holds | 12/18/1989 | See Source »

...example, to demand a blow job for a bottle of Freixenet, or to call someone a "faggot" because he or she refuses to have sex? These concerns stem not from a desire to impose puritanical standards, but from a desire that a genuine sense of community and respect prevail at all times...

Author: NO WRITER ATTRIBUTED | Title: Secret Santa and Kirkland House Traditions | 12/12/1989 | See Source »

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