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...industrial as well as the developing world. "Zaïre's folly is not so unique," observes an American businessman in Kinshasa, the capital. Third World countries as a group have piled up a foreign debt that is estimated to be as high as $150 billion; international conferences resound with cries for a moratorium or stretch-out of repayments on a large part of that debt. By mid-1976 U.S. banks alone had some $30 billion in outstanding loans to five nations-Argentina, Brazil, Mexico, Peru and Indonesia-that are considered potential problem debtors. The Zaïrian debacle...

Author: /time Magazine | Title: ZAIRE: How to Go Broke | 11/22/1976 | See Source »

These tocsins resound in French Journalist Amaury de Riencourt's recent The American Empire, which envisions an Americanization of the world comparable to what Rome achieved when the Mediterranean bordered the known universe. Leaders of government and multinational business are the coming Caesars. U.S. foreign policy, however well intentioned, is an imperial thrust at Europe, Asia and Africa. "Roman citizenship," De Riencourt explains, "was eventually granted to all men dwelling within the borders of the empire. Today, as the unacknowledged American empire strives to find its shape and its limits, the same ecumenical dream is beginning to haunt...

Author: /time Magazine | Title: Bicentennial Essay: The Score: Rome 1,500, U.S. 200 | 8/23/1976 | See Source »

...role of the Federal Government in the economy are among the most important concerns of candidates, voters-and the nine members of TIME'S Board of Economists, who gathered in Manhattan last week for their first session of the new year/Their discussion previewed the debate that will resound throughout the primaries and the fall campaign...

Author: /time Magazine | Title: OUTLOOK: The Political Economy of '76 | 2/16/1976 | See Source »

Bafflement is surely the least obvious fault of Bashevis Singer's stories. They all resound with a clarity that comes from sparse language and a discerning eye for only the most important details. And through this clarity, a stark precision that has captured the lives of a very small segment of mankind, there comes a kind of broader perspective I can only call wisdom because it seems so rare in the modern short story...

Author: By Gregory F. Lawless, | Title: Cautious Jewish Hopefulness | 12/2/1975 | See Source »

...developed a set of principles as he lurched down the road of success. The conflict between ethical conduct and instinctual behavior is there, but only in subtle, sublimated forms, and it is only after the laughter has subsided (which takes a long time) that echoes of a deeper meaning resound...

Author: By Michael Massing, | Title: A Mensch on the Make | 9/26/1974 | See Source »

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