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MEXICO. The country that nearly ignited the debt bomb in August 1982, when it came close to defaulting on $85 billion in foreign borrowings, has been straightening out its finances. Last month it repaid a $1.85 billion loan just two weeks after successfully rescheduling $11.4 billion of public debt. Nevertheless, Mexico's gross national product is expected to drop by 3% to 5% this year, and inflation is raging at an annual rate of about...

Author: /time Magazine | Title: Trying to Defuse a Debt Bomb | 9/19/1983 | See Source »

Bird clearly feels well repaid for the three years of obsessive effort he spent on the rowing project, even though he must now lecture his way out of debt. He will not row the Pacific again ("There's nothing more to be learned"), but he admits cheerfully that the germs of more adventures are stirring in his head...

Author: /time Magazine | Title: Risking It All | 8/29/1983 | See Source »

...Within 15 minutes they had soothed the be reft woman with a promise to be on the lookout for her pet (it was found), lent the penniless youth 560 yen ($2.33) from a special emergency fund in exchange for a signed IOU (four out of five such loans are repaid) and radioed for a patrol car to break up the marital battle. Said Sergeant Shigeo Takahashi, grinning with satisfaction: "You stand here for a quarter of an hour, and you can do as deep a study of life as is possible...

Author: /time Magazine | Title: Law: Crimes, Safety and the Police Box | 8/1/1983 | See Source »

...reduced to stealing from his family to support his five-gram, $750-a-week habit. Instead, during six months last year, he embezzled $20,000 from the camera store where he worked. His thefts were discovered just before Thanksgiving, but the police were not called, and David's father repaid the $20,000. David cannot figure it. "I was the all-American kid who had never been in trouble," he says. "I was popular. I taught religion classes at the synagogue. How could a well-brought-up kid like me get into something like this...

Author: /time Magazine | Title: Crashing on Cocaine | 4/11/1983 | See Source »

...decided to try again. This time the Bolivians agreed to cooperate. In an apparent effort to pave the way for Barbie's expulsion, Bolivian police picked him up on Jan. 25 and charged him with fraud in connection with a $10,000 loan from the state. Barbie immediately repaid the debt, plus interest, but it did him little good. Instead of releasing him, Bolivian officials put him on a plane bound for Cayenne, the capital of French Guiana. When told he had been handed over to French authorities, the Butcher of Lyon made a gesture, as if slitting...

Author: /time Magazine | Title: France: Exorcising Old Ghosts | 2/21/1983 | See Source »

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