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...much a "new economic order" as a shift in priorities: the campaign against unemployment will now take precedence over Giscard's preoccupation with inflation fighting. Meanwhile, the new government has acted capably and responsibly on the monetary front, continuing ex-Premier Raymond Barre's efforts to shore up the sagging franc...

Author: /time Magazine | Title: France's New Look | 6/29/1981 | See Source »

...away at Banisadr's sources of power. They succeeded in shutting down his newspaper, ousting his sympathizers from government posts and finally getting him dismissed two weeks ago as commander in chief of the armed forces. The owlish, 48-year-old economist had launched a belated bid to shore up his presidency by soliciting support from generals who applauded his frequent front line tours in the war with Iraq. But the military, wary of the risks of political involvement, chose to remain neutral...

Author: /time Magazine | Title: Iran: Mullah Power | 6/29/1981 | See Source »

...another question. Have you ever made an erroneous statement?" Jokes Garrick: "I just did when I said 'subjective reality.' " Adler takes the idea a step further. "Let me give you an example of an erroneous statement: There are three mountains on the Eastern Shore of Maryland more than 5,000 feet high." The students laugh at such an absurd notion. Poking the same index finger on the table, Adler draws the distinction precisely. "A lie," he says, "is the difference between what you say and what you think; an erroneous statement is the difference between what you think...

Author: /time Magazine | Title: In Maryland: Adolescents, Aristotle and Adler | 6/22/1981 | See Source »

...closest political allies: West German Chancellor Helmut Schmidt. Despite initial fears that the Paris-Bonn axis would be weakened by the departure of cher Valery, Mitterrand appeared to get along fine with his fellow socialist from West Germany. The two leaders agreed to continue their joint efforts to shore up the franc. Mitterrand pledged to continue the Giscard-Schmidt policy of simultaneously beefing up European missile capacity while seeking arms-limitation talks with Moscow. Said a broadly smiling Chancellor after his three-hour meeting with Mitterrand: "Franco-German friendship no longer depends on us personally. It has become an indisputable...

Author: /time Magazine | Title: France: The Calm Before the Battle | 6/8/1981 | See Source »

...Warsaw be allowed to delay payment on $1.05 billion due before July 1. But that limited rollover agreement, as one Western banker put it, was like "applying a Band-Aid to a patient in the intensive care unit." Ultimately, Poland's creditors may have no choice but to shore up their profligate client. Since Warsaw has almost no recoverable assets abroad to offset losses, a default would be nearly as costly for the lenders as for the Poles themselves. Summed up a British banker in London: "In a real sense, we are condemned to salvage the Poles...

Author: /time Magazine | Title: Poland: From Russia with Suslov | 5/4/1981 | See Source »

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