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...Geneva summit is not the only sign of a thaw in U.S.-Soviet relations. While Ronald Reagan was preparing to meet with Mikhail Gorbachev, a group of American banks was quietly deciding to loan money to the Soviet Union. The First National Bank of Chicago and three New York banks--Bankers Trust, Morgan Guaranty and Irving Trust--have joined the Royal Bank of Canada in giving the Soviets a $200 million credit line to help buy American and Canadian grain. Other U.S. banks are expected to participate in the loans...

Author: /time Magazine | Title: Kremlin Calling | 6/21/2005 | See Source »

American loans dried up after the Soviets invaded Afghanistan in 1979 and President Carter responded by putting strict limits on U.S. grain sales to Moscow. When Reagan lifted the embargo in 1981, the Soviet Union turned mostly to Europe for loans to buy grain. This year, though, the Kremlin began seeking American credit once again. Troubled by seven consecutive disappointing harvests, the Soviets are expected to buy $1.6 billion worth of grain from the U.S. this year...

Author: /time Magazine | Title: Kremlin Calling | 6/21/2005 | See Source »

...talliers Champenois of Reims, France, the 15-ft. flame is gilded with 24-karat gold leaf. During the ceremony, Regional National Park Director Herbert Cables said that the new torch would "shine more brightly than ever." Indeed, it shall. New lights will illuminate the flame when President Reagan kicks off the statue's 100th birthday celebration on July...

Author: /time Magazine | Title: People: Dec. 9, 1985 | 6/21/2005 | See Source »

...Louisville to the sounds of an artificial heart thumping away in his chest. The promise of that day has almost vanished. All but gone is the man who impressed the world with his spunk--teasing his doctors just days after surgery, asking for beer, talking forthrightly with President Reagan by phone and bullishly announcing to the world, "I feel like I've got ten years left." Three strokes, one suffered in mid-November, have left the once irrepressible Schroeder feeble, barely able to speak, weepy and depressed. His fondest hope--to return to his home in Jasper, Ind.--has been...

Author: /time Magazine | Title: Medicine: Implants: A Family Affair | 6/21/2005 | See Source »

...have a good reason to drink (fat-free) milk. A study published last week in the New England Journal of Medicine suggests that calcium may help protect adults from cancer of the large intestine, a sometimes fatal disease that has afflicted some 138,000 Americans this year--including President Reagan, who had surgery to remove a cancerous growth from his colon last July...

Author: /time Magazine | Title: A Daily Quart | 6/21/2005 | See Source »

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