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...foreign debt. The government froze payments on the debt seven weeks ago after many banks, fearful that racial violence would destroy the economy, cut off credit. Sources close to the meetings said their object was to find a way to restore South Africa's credit lines so it can renew normal international commerce and begin debt repayment. South African officials, the sources said, are well aware that the debt problem cannot be resolved without movement toward political reform...

Author: /time Magazine | Title: South Africa: Opprobrium from All Sides | 4/18/2005 | See Source »

Although it has one-third more manpower than NATO, and twice as much armor and artillery, the pact is evidently under considerable strain. When the signatory nations met last April in Warsaw to formally renew the alliance for 20 more years, Nicolae Ceausescu of Rumania let it be known that he favored an extension of only five years. Many East Europeans view the 535,000 uniformed Soviet soldiers stationed in their countries as an army of occupation. That impression is reinforced by the ultimate control exercised by Soviet officers during military maneuvers, which are conducted four times a year...

Author: /time Magazine | Title: Communists: Among Friends | 4/18/2005 | See Source »

Morale suffered its greatest blow last month when 125 news positions were eliminated and 74 employees were dismissed. The cutbacks followed CBS's decision in August not to renew the contract of Supreme Court Correspondent Fred Graham, who reportedly earned $250,000 a year. The reductions, which affected 10% of the 1,250-member staff, were designed to help pare $6 million from the division's estimated $225 million budget. Though the savings were part of a company-wide austerity program put into effect after CBS bought back 21% of its own stock for nearly $1 billion last summer, some...

Author: /time Magazine | Title: Press: Discord in the House of Murrow | 4/18/2005 | See Source »

...girls lived in Manhattan. The last address I have, from 1948, is for a Sylvia Levitt at 601 W. 160th St. I tried writing and did other things but had no luck. If I can find the Millers, I will fly out to see them, hoping to renew our lives together. I know it may not happen, but at age 80 hope is one of the few things one can cling to. I would greatly appreciate any suggestions you might be able to offer...

Author: /time Magazine | Title: Ask Francine | 4/17/2005 | See Source »

Ironically, no persuasive argument can be made for extending these provisions, precisely because the Act itself requires no reporting to Congress or the courts regarding its own effectiveness; no real evidence can be offered in support of its renewal. The structure and content of the Act itself, however, are enough to make the correct course clear. At a time when the United States is trying to posture as the palladium of freedom and limited government around the world, it makes little sense to renew a law that undermines those principles in our own country—the very principles that...

Author: By John Hastrup and Susan E. Mcgregor, S | Title: POINT/COUNTERPOINT | 4/15/2005 | See Source »

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