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This isn't to say NAFTA caused the crash. In some ways it helped the peso, by attracting investment from the U.S. and elsewhere. But the pact didn't give Mexico the huge peso-protecting cushion that critics envisioned. It's true, as Perot will gladly remind you, that he actually predicted a post-NAFTA peso devaluation. But not this kind of devaluation. In his scenario, a secretly planned devaluation would be triumphantly unveiled -- a wily Latino ploy that by cheapening Mexican goods, would amplify the sucking sound. Reality proved less rife with intrigue than Perot's imagination. Mexico...

Author: /time Magazine | Title: Why Perot Is Still Wrong | 1/9/1995 | See Source »

Tired of people whose watches beep periodically to remind them an hour has passed? This Seiko timepiece beeps for a better reason: to signal an incoming phone message. With the press of a button, the caller's number appears on the watch face. The combination watch and beeper enables owners to stay in touch without clipping a boxy beeper on a belt or stuffing one in a handbag. Beeper telephone service must be arranged separately...

Author: /time Magazine | Title: The Best Products of 1994 | 12/26/1994 | See Source »

These arguments melt before the case for school prayer, which is historical and political. The Founders knew that religion should be left to believers. They invoked God not to instruct Americans about theology, but to remind them about the nature of liberty...

Author: /time Magazine | Title: Let Us Pray | 12/19/1994 | See Source »

...spell out merry christmas and a happy new year. A new version of The Nutcracker, with teddy bear dancers as sugar plum fairies, Arabian houris and Chinese pandas, is delicate, funny, winning. The climactic Nativity tableau -- teeming with camels, sheep, donkeys and some robust piety -- is bold enough to remind the audience who the real star of Christmas is. And, yes, there's a brisk, fanciful version of the Scrooge story -- in 12 minutes...

Author: /time Magazine | Title: I Like New York in Yule | 12/12/1994 | See Source »

Will a fellow Radcliffe student please remind me why women want to be permitted to join final clubs? Because, frankly, I'm forgetting...

Author: By Emily Carrier, | Title: Forget Final Clubs | 12/10/1994 | See Source »

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