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...stopgap is better than none, and by no means precludes (and in fact provides for) further steps aimed at reductions. Moreover, the U.S. and the Soviet Union have generally abided by SALT II's provisions anyway, although the Soviets would have been required to scrap some weapons last December if the treaty had been adopted. Since Reagan's start will not finish until after "many years of concentrated effort" at best, the appeal of a treaty to which Moscow has already agreed is not negligible; such items do not grow on trees. In trashing the SALT process, Reagan is also...

Author: By James G. Hershberg, | Title: A False START? | 5/13/1982 | See Source »

...given America's origins, but it is so nonetheless, and the reasons for it go way beyond the sharing of language, history and customs. For all the occasional yipping that has occurred between the two countries, the truth is that they like each other. And although this scrap of embarrassing sentimentality has been vigorously contested by both sides ("I am willing to love all mankind, except an American," said Samuel Johnson), it is the main reason that Britain ought never to doubt where America's heart lies, especially in a crisis...

Author: /time Magazine | Title: America and Britain: The Firm, Old Alliance | 5/3/1982 | See Source »

Another Reagan policy that has paid off in lower inflation is the President's decision last January to scrap remaining controls on crude oil and refined-petroleum products. That helped to increase the glut in world oil markets, which caused the drop in world petroleum prices...

Author: /time Magazine | Title: Prices Take a Big Tumble | 5/3/1982 | See Source »

...revolutionary Wankel engine, in which a rotor instead of pistons produces the power. When the world oil crisis began in 1973, the gas-guzzling Wankels became a sales disaster because they delivered a maximum of only about 15 miles to the gallon. The company seemed headed for the corporate scrap heap. Recalls one executive: "Every day felt like doomsday back then...

Author: /time Magazine | Title: Comeback Kids | 4/26/1982 | See Source »

...most distinguished university collection in the U.S. Its building is also one of the most outmoded, and in 1981 Harvard announced that James Stirling, England's leading architect, would design an addition to it. But early last February, with $21.5 million raised, Harvard President Derek Bok decided to scrap the whole project, citing risks of construction cost overruns and fears that the new museum would be too expensive to maintain. Amid general confusion and doubt, Bok agreed to back off, provided donors could come up with $3 million more by mid-March and a further $3 million during...

Author: /time Magazine | Title: Art: Opening a Path to Natural Vision | 3/29/1982 | See Source »

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