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More difficult to quantify was what the whole debacle had done to Britain's commitment to Europe and to the political prospects of its pro-E.C. Prime Minister. Britain's relations with Germany will ultimately be mended. Harder to repair, however, will be the damage done to Major's prestige both within his party and in the country at large. British Europhobes have seized on the crisis to demand that the country never return to the monetary system and that it get on with the job of reviving the British economy. Sir Alan Walters, onetime personal economic adviser...

Author: /time Magazine | Title: Europe's Currency | 9/28/1992 | See Source »

...large, members of the TIME panel endorsed Clinton's infrastructure plan. "We could start to repair roads and put a lot of people to work without any increase in wage costs because there are so many unemployed construction workers," said Donald Ratajczak, director of the economic forecasting center at Georgia State University. Fosler, however, said the plan would "dress the economy up rather than...

Author: /time Magazine | Title: Neither Bush nor Clinton is confronting the hard numbers, but at least each is proposing ... BABY STEPS | 9/28/1992 | See Source »

...behind the bullet-proof glass window handed me a pink slip and told me that "Pat's Towing Service" was just a straight walk down the street--straight and straight and straight. It was in Somerville. Past Inman Square. (I always wondered where that was.) Past about 12 car repair shops, each of which made me think that I was close to my destination...

Author: By Beth L. Pinsker, | Title: A Liberal Education | 9/26/1992 | See Source »

...estimated 1,000 contractors and subcontractors are expected to move into Dade County to rebuild and repair the 117,000 homes, nine public schools, 59 hospitals and health-care facilities, countless malls and a couple of city halls destroyed or damaged by Andrew. So large is the task that Dade County's economic development agency is calling for a "mini Marshall Plan...

Author: /time Magazine | Title: The Two Edges Of Andrew's Sword | 9/21/1992 | See Source »

Generations of Americans, it once seemed, could count not only on death and taxes but also on Sears, Roebuck & Co. Faith in the department-store chain was shaken in June when the California attorney general accused Sears auto-repair centers of performing second-rate or unnecessary work. Sears soon faced 19 class-action suits and the possibility that all of its 72 auto shops in California would be closed. But last week the legendary retailer announced a $15 million settlement, including refunds of $50 and up to auto customers who had counted themselves among Sears' suckers...

Author: /time Magazine | Title: Settling an Embarrassing Suit | 9/14/1992 | See Source »

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