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...defeated and demoralized by hard economic realities. Italy proposed admitting the U.S.S.R. immediately as a full member of the International Monetary Fund. But Washington, which had been poised to award Moscow most-favored-nation trade status, was debating whether it might make that move contingent upon the Kremlin's prompt fulfillment of power sharing and other reforms. The issue, as experts saw it, was academic since the Soviets produce virtually no exports they could sell...

Author: /time Magazine | Title: International Fallout: What the West Can Do | 9/2/1991 | See Source »

...coming academic year, is the outgrowth of the festering scandal in which the university has been accused of overbilling the Federal Government as much as $200 million for research expenses during the 1980s. But there was no smoking gun, no dramatic new revelation, no public ultimatum to prompt his surprise abdication after 11 years in office. Instead, as he explained at a valedictory press conference, "I'm the chief executive officer of the institution, and, as has been said, you bear responsibility when you have that...

Author: /time Magazine | Title: Putting The School First | 8/12/1991 | See Source »

...billion stock swap. The merger of the two huge but weak Goliaths, both burdened by hefty portfolios of ailing loans, will create a megabank with assets of $137 billion, second in size among U.S. banks only to New York's Citicorp. Moreover, the deal is likely to prompt a new wave of mergers across the country as other big banks struggle to remain competitive...

Author: /time Magazine | Title: Mergers Banking On Bigness | 7/29/1991 | See Source »

...best ones. Americans are more casual, even disdainful about ads, but when they gather at their back fences or around office water coolers, they discuss them as avidly as they do the shows that surround them. The five-day Cannes festival celebrates the wit and imagination that prompt that interest. As New Zealander John Doig of the McCaffrey and McCall agency put it, "We come here to remind ourselves that ads don't just sell. They also make the little hairs stand up on the back of the neck...

Author: /time Magazine | Title: Advertising Spoken Here | 7/15/1991 | See Source »

Framers of Louisiana's bill hope it can provide the test case that will prompt the U.S. Supreme Court to reconsider the landmark 1973 Roe v. Wade decision. But Louisiana's law is competing for that distinction against existing laws in three other jurisdictions...

Author: /time Magazine | Title: Abortion Test Cases | 7/1/1991 | See Source »

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