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...concocts a cabal called "Penelope." Its conspirators are a strange admixture of the notorious and celebrated, including Perfumer François Côty, Sir Alan Paisley, Field Marshal Von Ribbentrop, third in the Nazi hierarchy, and Hugh Selwyn himself. Mauberley's assignment: to persuade Wallis to prop up the Duke as a figurehead who will "rule" a United Europe controlled by fascists from England and Germany. Ribbentrop dangles a glittering prize before the duchess: "Your Royal Highness perhaps does not understand that there are crowns that have never yet been worn by anyone." She replies without hesitation...

Author: /time Magazine | Title: Books: Atrocities | 8/2/1982 | See Source »

...wing unilateralist foreign policy advisors make some cogent points. The Russians are short of currency and have been desperately selling gold and diamond reserves. The pipeline would annually provide an estimated $10 million in hard currency once the gas began flowing west. Much of that will be used to prop up repressive satellites like Cuba and Vietnam and to purchase military hardware for ventures such as the Afghanistan takeover. A pipeline, Reagan argues correctly, would not only send badly needed currency to Moscow, but would also increase Western European energy dependence on the Soviets. Plans call for the pipeline...

Author: By John D. Solomon, | Title: Reagan From Abroad | 7/27/1982 | See Source »

...greatest honor any graduating high school or prop school student can receive is admission to Harvard College! If this is what they do with such a dear privilege. Heaven help America and Americans. Indeed, it may be that not even Heaven can help us. I was always taught that the Good Lord helps those who help themselves...

Author: NO WRITER ATTRIBUTED | Title: The Restic Saga | 7/16/1982 | See Source »

...indicator published by the Morgan Guaranty Trust Co., the dollar's trade-weighted value is now higher than it was in 1970. Fulfilling an agreement reached at Versailles, the Reagan Administration last week broke with its free-market doctrine, selling dollars in foreign-exchange markets in order to prop up the weaker currencies...

Author: /time Magazine | Title: Let Them Eat Francs | 6/28/1982 | See Source »

...controversial property tax-cutting measure would have required city officials to trim the budget by $10.2 million to make up for tax revenue lost in the fiscal year that will begin July 1. But city voters passed a referendum in April overriding the Prop 21/2 mandate and allowing the city to maintain its current total tax levy of $67.9 million...

Author: NO WRITER ATTRIBUTED | Title: City Council Approves Budget 80 Posts Will Remain Vacant | 6/20/1982 | See Source »

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