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...unknown in the equation is the amount of direct aid that West German taxpayers will have to pay out to prop up the East's economy. Figures as high as $60 billion a year over the next few years have been mooted; the DIW economic forecasting institute in West Berlin expects $30 billion annually. Bonn has already put together a war chest of about $70 billion for & eventualities. Among other things, Bonn inherits a large G.D.R. budget deficit and foreign currency debt of around $13 billion. At the same time, the special aid to West Berlin that West Germany provided...

Author: /time Magazine | Title: Germany: The Big Merger | 7/9/1990 | See Source »

...probing, dark brown eyes are constantly scanning his listeners, looking by turns stern, quizzical, amused, playful. When eyes meet, they both challenge and hint at shared confidences. Whatever lies nearby -- a fountain pen, a gray glasses case from a Paris optician, his gold-rimmed bifocals -- quickly becomes a prop for Gorbachev's one-man show. When the hands are at rest, his thumbs twiddle, not so much in impatience as with excess energy. He modulates his baritone voice for maximum effect, sometimes dropping the volume so that visitors automatically lean toward him. His lilting south Russian intonation softens the harsh...

Author: /time Magazine | Title: The Summit: The Eye of the Storm | 6/4/1990 | See Source »

Despite the obvious and widespread student disapproval, the University retains $ 170 million dollars in South Africa-related investments. The money that funds our education also helps prop up a brutal, white supremacist regime...

Author: By Beth L. Pinsker, | Title: E4D: The Classier Class Gift | 4/26/1990 | See Source »

Despite the loss, four Crimson players were named to the New England Select Side--Morris, Williams, Prop Kiernan Ignacio and Wing Yolanda Lewis...

Author: By Christopher Sanzone, | Title: Ruggers Sent Home Early in New England Championships | 4/24/1990 | See Source »

...many investors believed Tokyo stocks would never plunge from those levels because the market was perceived to be much more carefully controlled and even manipulated by the Japanese government and industry. A handful of securities firms control most stock trading, the theory went, and they would be able to prop up prices should any serious selling begin. On Black Monday in 1987, such intervention helped keep Tokyo's losses under 15%, in contrast to a 22.6% drop in the Dow, giving credence to the notion that Japan was a special, blessed case. In the final analysis, though, the Tokyo market...

Author: /time Magazine | Title: Pop! Goes the Bubble | 4/2/1990 | See Source »

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