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...indicates that the trade problem is much thornier than that. One of the most immediate effects of a dollar decline should be a decrease in foreign travel by Americans -- but there the U.S. suffered a $5.2 billion deficit last year. Apparently, the rising cost of staying in Paris or Rome has been offset by cheaper air fares, among other things. Moreover, even while the international purchasing power of the dollar has declined since the Plaza Accord, the price of imported goods in the U.S. has often failed to rise by an equivalent amount (see chart). The explanation: foreign exporters have...

Author: /time Magazine | Title: A Game of Chicken | 1/26/1987 | See Source »

...support his life-style. His twelve estates around the world include a 180,000-acre ranch in Kenya and a $30 million apartment that takes up two entire floors of a luxury building on Manhattan's Fifth Avenue. He has homes in Marbella, Paris, Cannes, the Canary Islands, Madrid, Rome, Beirut, Riyadh, Jidda and Monte Carlo. His 282- ft. yacht Nabila (complete with helicopter) makes Queen Elizabeth's Britannia look like a package-tour ship. His fleet includes three commercial- size jets, twelve stretch Mercedes limousines, a total of 100 vehicles and a stable of Arabian horses...

Author: /time Magazine | Title: Businessman Adnan Khashoggi's High-Flying Realm | 1/19/1987 | See Source »

...commuting money he received while in Rome, he said, was an an honest mistake...

Author: NO WRITER ATTRIBUTED | Title: State Pays Expenses as Reps. Play Hooky | 1/12/1987 | See Source »

...fact, of religious experience in the visual arts. The other news is that spiritualism is so arcane and culturally eccentric that it may make the paintings look even less accessible than when they were seen as "pure" form. Yet the timing of this show is brilliant. Like late Imperial Rome, modern America is riddled with superstition, addicted to gurus, Sibyls and purveyors of every kind of therapeutic nostrum. One does not need a planchette to deduce that an exhibition which demonstrates as clearly as this one how great painters like Piet Mondrian and Wassily Kandinsky conceived their art in terms...

Author: /time Magazine | Title: Art: Pyramid | 1/12/1987 | See Source »

Europe: Christopher Redman London: Christopher Ogden, Steven Holmes Paris: Jordan Bonfante, B. J. Phillips, Adam Zagorin Bonn: William McWhirter, John Kohan Rome: Sam Allis, Erik Amfitheatrof, Cathy Booth Eastern Europe: Kenneth W. Banta Moscow: James O. Jackson Jerusalem: Roland Flamini Cairo: Dean Fischer, David S. Jackson Nairobi: James Wilde Johannesburg: Bruce W. Nelan New Delhi: Ross H. Munro Bangkok: James Willwerth Peking: Richard Hornik Hong ! Kong: William Stewart, Bing W. Wong Tokyo: Barry Hillenbrand, Yukinori Ishikawa Melbourne: John Dunn Ottawa: Peter Stoler Caribbean: Bernard Diederich Mexico City: John Borrell, John Moody Managua: Laura Lopez Rio de Janeiro: Gavin Scott

Author: /time Magazine | Title: Time Magazine Masthead JANUARY 12, 1987 Vol. 129, No. 2 | 1/12/1987 | See Source »

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