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Just five months after Argentine President Carlos Saul Menem announced tough reforms to liberalize the national economy, his country may be on the verge of another financial collapse. After curbing inflation from a monthly rate of nearly 200% in July to 6.5% in November, Menem's program has hit several snags. Among them: the Peronist leader's failure to cut staff at any of Argentina's money-losing state enterprises and the resignations nearly three weeks ago of Central Bank President Egidio Ianella and Economy Minister Nestor Rapanelli and his deputy. The departures further weakened confidence in the economy. Argentina...

Author: /time Magazine | Title: ARGENTINA: The Greenback Gets Respect | 1/8/1990 | See Source »

...With His Foot in His Mouth and Other Stories by Saul Bellow (1984). Another American Nobel laureate presents his patented array of characters -- big thinkers and big shots -- with typical energy and verve. The author here makes limitations of length a positive virtue; the pressure of high-toned ideas passing through the minds of flawed, often comic figures gives the impression of short stories that are bursting at the seams...

Author: /time Magazine | Title: Books: Best of the Decade: Books | 1/1/1990 | See Source »

...eating bats to the gullible public. In 1973 McGuane upped the ante with Ninety-Two in the Shade, a dazzling novel of free- floating angst and male brinkmanship set in the Florida Keys. Ninety-Two was nominated for a National Book Award, and McGuane became, in the words of ^ Saul Bellow, "a kind of language star." Critics compared the 34-year-old author to Faulkner, Hemingway, Chekov and Camus. The big time -- and Tinseltown -- beckoned. McGuane became a celluloid hotshot, penning scripts for Rancho Deluxe and Tom Horn among other movies. In exchange for writing 1976's The Missouri Breaks...

Author: /time Magazine | Title: TOM MCGUANE: He's Left No Stone Unturned | 12/25/1989 | See Source »

...interferon, a natural infection-fighting protein that can be artificially produced by genetically altered bacteria. One drawback: most of the patients who improved suffered a relapse when the injections ended. Doctors think the problem may be resolved by giving interferon for longer periods or in higher doses. Says Dr. Saul Krugman of New York University medical school: "There's no question that it is very promising...

Author: /time Magazine | Title: Health: Counterattack | 12/11/1989 | See Source »

...this simply a literary conceit, the wishful thinking of someone who has chosen to write in a world that no longer seems to require his labor? With enormous skill and formal grace, Vargas Llosa weaves this question through the mystery surrounding the fate of Saul Zuratas, the former comrade who may have gone backward in time, toward prehistory, to achieve an authority and integrity lost to contemporary writers. Unfortunately, the narrator cannot imagine how Saul could have adapted to such a role: "The rest of the story, however, confronts me only with darkness, and the harder...

Author: /time Magazine | Title: Books: Back In Time | 11/13/1989 | See Source »

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