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The White House plans to try again next year to persuade Capitol Hill to restore contra funding. Congress approved $14 million in CIA aid for the rebels in October, but insisted that Reagan submit the proposal for a second vote in March before the funds could be spent. Passage may...

Author: /time Magazine | Title: Nicaragua: Support Your Local Guerrillas | 12/24/1984 | See Source »

American financial institutions will remember 1984 not as the year of Big Brother but as the year of living dangerously. Last week the Federal Deposit Insurance Corporation closed down the insolvent University Bank of Wichita, bringing to 76 the number of insured banks that have folded this year. That is...

Author: /time Magazine | Title: Banking: Setting a Dubious Record | 12/24/1984 | See Source »

While Michigan resisted the reduction, other states with healthy surpluses are under pressure to trim taxes and restore program cuts. In New Jersey, where the 1985 surplus may wind up as high as $800 million, politicians from both parties have put toxic-waste cleanup at the top of a long...

Author: /time Magazine | Title: Showing Washington How to Do It | 12/17/1984 | See Source »

Almost as soon as the strike began on Monday, the beleaguered board agreed to one union demand, promising to restore a 25% cut in medical insurance enacted just three months ago. The remaining issue is more contentious. Chicago teachers, now the fourth best paid in the U.S., have asked for...

Author: /time Magazine | Title: The City That No Longer Works | 12/17/1984 | See Source »

Writing in the New York Times, Cruz argued that the contra insurgency is "the revolt of Nicaraguans against oppression by other Nicaraguans." Cruz then warned congressional opponents of aid that they "have a moral obligation to insist that the Sandinistas restore Nicaragua's liberties and that the Communist world...

Author: /time Magazine | Title: Nicaragua: Contra Aid Gets a Champion | 12/17/1984 | See Source »

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