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...repay his $10 billion foreign debt, he halted imports, exported food, rationed electricity and impoverished the population. He wasted scarce investment funds on giant party office buildings and decided to bulldoze thousands of villages and force farmers into high-rise apartment buildings. His go-it-alone stubbornness in foreign policy was only one more sign of his determination to depend on no power but his own. As it turned out, that was not enough...

Author: /time Magazine | Title: Slaughter In The Streets | 1/1/1990 | See Source »

Nonetheless, a subdued hope of movement surrounded the news last week that the U.S. had consented to repay $567 million in frozen Iranian assets. The agreement was reached after two days of negotiations between State Department legal adviser Abraham Sofaer and a senior adviser to Iran's President Ali Akbar Hashemi Rafsanjani. The two met in the Hague, site of the Iran-U.S. Claims Tribunal that was set up as part of the 1981 deal that freed the 62 American embassy hostages in Tehran. Both sides agreed that Iran will be paid most of the balance remaining...

Author: /time Magazine | Title: A Game of Winks and Nods | 11/20/1989 | See Source »

Parodi, who spoke through a translator, said that while the Ecuadoran government wishes to repay all its loans, it cannot act "ignoring all other conditions, because paying back all debts involves hurting those in the country who are the most impoverished...

Author: By Dhananjai Shivakumar, | Title: Ecuadoran V.P. Speaks on Debt | 11/2/1989 | See Source »

...therefore mad as hell at them. And in order to repay them, I decided to spend my weekly column expounding upon the absolute necessity of New England Telephone's student services, rather than urging a general boycott of the company...

Author: By Daniel B. Baer, | Title: The Politics of Phony Solutions | 10/31/1989 | See Source »

...minus a right leg, a left foot and an eye. Tommy Hayes, the son and grandson of West Point major generals, rejects the sanctuary of graduate school. In a letter home he writes, "My country has invested a great deal in me as a soldier. I should like to repay that investment." The price is his life, taken in the jungle north of Saigon...

Author: /time Magazine | Title: Books: Point Blank | 10/30/1989 | See Source »

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