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...reforms -- a line-item veto, a balanced-budget amendment and two-year budget cycles -- all of which are going nowhere in Congress. The Reagan message is simple. "In the critical matchup between those who want to keep spending your money and raising your taxes, and those of us who resist a return to the old policies . . . we have now reached breakpoint," he said in his speech...

Author: /time Magazine | Title: Politics: We Have Reached Breakpoint | 6/29/1987 | See Source »

Volcker no doubt has dozens of job offers. He could easily earn $1 million a year at a Wall Street investment house, or perhaps much more if he started his own consulting firm. But some think he may resist the big money and go into academia instead, possibly teaching at Harvard or Princeton while picking up hefty consulting fees on the side. If he does join a university, his classes should be popular on campus. This is one professor who will have plenty of true-life adventures to illustrate on the chalkboard...

Author: /time Magazine | Title: Last Bow for the Inflation Tamer | 6/15/1987 | See Source »

...township of Sharpeville. In 1960 police gunned down 69 blacks in Sharpeville when they staged a peaceful demonstration against the pass laws, which were repealed last year. The mayor of Lekoa, Esau Mahlatsi, urged Botha to allow blacks to enter Parliament, while the President in turn asked townspeople to resist "the influence of radicals and fanatics." Though Botha drew cheers from black crowds during his visit, other blacks were furious at Mahlatsi for letting the white leader in the door. Referring to the mayor's presentation of "the freedom of Lekoa" to his distinguished visitor, the Sowetan demanded...

Author: /time Magazine | Title: South Africa Commandments Without Moses | 6/15/1987 | See Source »

Today members of the European Economic Community can resist some American economic pressures, such as our recent demands for tariff reductions and coordination of fiscal and monetary policies, but they remain at the beck and call of U.S. military planners. U.S. pressure to "share" SDI technology has left many European leaders, who remember the Maginot Line, frustrated at the extravagence and rigidity of American planners. At the same time, Reagan's wild unilateralism at the Reykjavik summit has raised fears that defense plans for Europe are too little dependent on European consent--and too much on American caprice...

Author: NO WRITER ATTRIBUTED | Title: A Risk Worth Taking | 6/11/1987 | See Source »

...productive talks at the three-day session. The No. 1 worry for the seven leaders is the rising potential for global recession along with a painful end to five years of sustained economic growth. To help prolong that expansion, the leaders must try to make stronger commitment to resist the lure of protectionism, which is beginning to cast a dangerous pall over world trade. Another summit priority will be taking further steps to ease the international debt crisis, which is simmering once again with the decision by Citicorp and other big U.S. banks to set aside billions of dollars...

Author: /time Magazine | Title: Navigating With Care | 6/8/1987 | See Source »

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