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...contrast, stuck with policies similar to those Perez had followed in his own first term. Peru now faces economic disaster, and Garcia is almost certain to be defeated next year. After a visit to Lima last year, Perez looked down from his plane at the horrible slums below, shook his head and said, sadly and simply, "This doesn't work...

Author: /time Magazine | Title: America: Abroad Pereztroika | 10/23/1989 | See Source »

Experts found no shortage of culprits to blame for the latest debacle. A series of downbeat realizations converged on Friday, ranging from signs of a new burst of inflation to sagging corporate profits to troubles in the junk- bond market that has fueled major takeovers. The singular event that shook investors was the faltering of a $6.75 billion labor-management buyout of UAL, the parent company of United Airlines, the second largest U.S. carrier. "That's when all hell broke loose," said Robert Newman, a floor trader for Equitrade Partners. "It was very reminiscent of something I do not care...

Author: /time Magazine | Title: Boom, Ka-boom! | 10/23/1989 | See Source »

PICASSO AND BRAQUE: PIONEERING CUBISM, Museum of Modern Art, New York City. The title tells all: two giants, and the origins of a style that shook -- and shaped -- the rest of the century. Through...

Author: /time Magazine | Title: Critics' Voices: Oct. 2, 1989 | 10/2/1989 | See Source »

PICASSO AND BRAQUE: PIONEERING CUBISM, Museum of Modern Art, New York City. The title tells all: two giants, and the origins of a style that shook -- and shaped -- the rest of the century. Through...

Author: /time Magazine | Title: Critics' Voices: Sep. 25, 1989 | 9/25/1989 | See Source »

...terrorists holding the hostages stated their position the way they often do. In the southern Lebanese town of Qleia, houses shook from the blast of a bomb attack on an Israeli convoy that wounded five soldiers and one militiaman from the Israeli-backed South Lebanon Army. "We'll show them that we are hard food to chew," proclaimed Hizballah's military chief in Beirut. Other terrorists sought revenge for the humiliation of Obeid's kidnaping...

Author: /time Magazine | Title: The Bazaar Is Open | 8/21/1989 | See Source »

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