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...million contract to provide pipelaying equipment for projects in the Soviet Union when President Reagan imposed economic sanctions in response to the declaration of martial law in Poland. That same year, the United Auto Workers mounted a 207 day strike against Caterpillar when the company tried to rein in its labor costs, which it claimed were $20 per man hour...

Author: /time Magazine | Title: The Crunch at Caterpillar | 7/9/1984 | See Source »

Despite last week's meeting, the Latin American countries do not form a united and cohesive bloc. While the two heaviest debtors, Brazil ($93.1 billion) and Mexico ($89.8 billion), have taken drastic measures to rein in their runaway economies, Argentina ($45.3 billion) is still a maverick. Two weeks ago, Argentine President Raúl Alfonsín rejected an IMF austerity demand for cuts in wages and government spending, which was designed to curb his country's 568% inflation rate. Alfonsín sent the IMF a plan that promised workers 6% to 8% wage increases...

Author: /time Magazine | Title: The Gathering Storm | 7/2/1984 | See Source »

...Defense Minister Dmitri Ustinov and Foreign Minister Gromyko. It is the latter who, after more than a quarter-century as the executor of other men's policies, is thought to have been most instrumental in shaping the current hard line. There seems to be no one powerful enough to rein him in. Adam Ulam, director of Harvard's Russian Research Center, suspects that "Gromyko is making up for the time he was an errand boy for Khrushchev and Brezhnev." Says Richard F. Staar, senior fellow at the Hoover Institution: "Gromyko has always been a hardliner. He's delighted...

Author: /time Magazine | Title: Moscow's Hard Line | 6/25/1984 | See Source »

...result, in her better works, is very far from mere curiosity. Graves has an acute sense of spatial construction and knows exactly when to rein in the intrinsic oddity of her metal flora. So one does not get distracted wondering what this or that thing was: what counts is what it now is, its role in a larger system of metaphors that circles back on nature. One would need to be a bronze gourd oneself not to be delighted by this artist's ebullience and delicacy of feeling...

Author: /time Magazine | Title: Art: Intensifications of Nature | 4/2/1984 | See Source »

...Palmerola, 50 miles northwest of the Honduran capital of Tegucigalpa, a remarkable transformation has taken place. TIME Senior Correspondent Peter Stoler first visited the installation last September. Back then, U.S. military officers stationed at the base gave free rein to visiting journalists and photographers. Now, reports Stoler, "the approach to the U.S. part of the base is guarded by large pieces of concrete sewer conduit, placed on the approach road to form an obstacle course for trucks that might be loaded with dynamite. The new public affairs officer seems dismayed that a reporter will ask him questions about the 224th...

Author: /time Magazine | Title: El Salvador: Making Martial Noises | 3/26/1984 | See Source »

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