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Word: reform (lookup in dictionary) (lookup stats)
Dates: during 1980-1989
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Usage:

Whatever the differences in the Soviet and Chinese approaches to reform, both Moscow and Beijing are determined to pin a Marxist label on their economic experiments. Lenin's decision to revive the private sector during the New Economic Policy of the 1920s figures prominently in the new Soviet economics. Beijing ideologists invoke the theory that China is at a "primary level of socialism" to keep Marxist dogma intact. True reform is meant to provide more bread and steel for the masses, not merely bird whistles...

Author: /time Magazine | Title: Communism Two Crossroads of Reform | 11/9/1987 | See Source »

...time when the Chinese have paused to catch their breath, the Soviets have spurted ahead in the more nebulous area of reform termed glasnost. Chinese Kremlin watchers were stunned when Gorbachev rebuked at least 16 ministers and party officials by name in his June speech to the Central Committee plenum. And nothing in China can quite compare with Soviet TV shows like Good Evening, Moscow and Dialogue, which mix news of perestroika with round-table discussions. A recent broadcast pitted squirming agricultural officials against incensed consumers, who waved bags of tasteless, undersized green apples at the camera and demanded...

Author: /time Magazine | Title: Communism Two Crossroads of Reform | 11/9/1987 | See Source »

Gorbachev so far appears confident that expectations about perestroika can be kept in check without imposing rigid limits. But the Soviet Union, like China, may find that the process of reform cannot keep pace with public demands for more democracy. A poll taken by the China Social Survey System in cities across the country in July showed that 93.8% of respondents believed it was necessary to reform the political structure. When the Novosti press agency surveyed a sample group of Moscow factory workers after the Central Committee plenum last June for their views on democratization and glasnost, 83% said neither...

Author: /time Magazine | Title: Communism Two Crossroads of Reform | 11/9/1987 | See Source »

...fully understands the complicated mechanism that drives U.S. financial markets, but after Black Monday everybody seems determined to fix it. Last week the engines of reform revved up in earnest as a parade of banking, economics and stock-market experts wended across Capitol Hill in an extraordinary series of hearings, press conferences and closed-door lobbying sessions...

Author: /time Magazine | Title: The Crash: Cranking Up the Reform Machine | 11/9/1987 | See Source »

...lost hundreds of millions of dollars while picking up stocks no one else wanted. But some specialists have been accused of staying purposely away from the money-losing action for up to three hours, while others lacked the capital to keep stocks from going into free fall. One proposed reform would raise the capital requirements for Big Board specialists. Another would assign more than one specialist to each stock, as is now the practice in the over-the-counter markets. OTC market makers thus have more money available to shore up prices. But they also have less accountability...

Author: /time Magazine | Title: The Crash: Cranking Up the Reform Machine | 11/9/1987 | See Source »

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