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As pro-Western as Bourguiba, Ben Ali may discover that his promise to restore political freedoms will be difficult to keep. His main challenge will be Islamic fundamentalism, the chief opposition movement in the country. Ben Ali displayed sound judgment when he reportedly intervened to prevent mass executions of the...

Author: /time Magazine | Title: Tunisia Defeat of the Supreme Combatant | 11/16/1987 | See Source »

U.S. economists generally believe any attempt to restore the Louvre values would push the Federal Reserve back into a dangerous high-interest-rate policy and would be bound to fail anyway. "Willy-nilly the dollar is going to fall in the next two to three years," says Charles Schultze, who...

Author: /time Magazine | Title: The Crash: Risks In Every Direction | 11/9/1987 | See Source »

Some Democrats have even tried to top the Republicans by worrying that the $23 billion deficit reduction required by the Gramm-Rudman-Hollings bill would not be adequate to restore Wall Street's confidence. Rep. Tony Coelho, a Democrat of California, has urged his colleagues to "talk about something real...

Author: By Jesper B. Sorensen, | Title: The Democrats' Crash | 11/2/1987 | See Source »

Millions of Americans were concerned about what the market decline could do to their profit-sharing, pension and retirement plans. Some people have their Individual Retirement Accounts, for example, heavily invested in the stock market. Of the $1.4 trillion held by the nation's pension funds, roughly half was in...

Author: /time Magazine | Title: The Crash: I Feel a Lot Poorer Today | 11/2/1987 | See Source »

At first the President gave no sign that he did. He spoke only in comments shouted to reporters over the roar of helicopter rotors on the White House lawn and in brief formal remarks issued through his spokesman, Marlin Fitzwater. On Black Monday, he blithely attributed the crash to "some...

Author: /time Magazine | Title: The Crash: Panic Grips The Globe | 11/2/1987 | See Source »

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