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From George Bush's first months in office until this summer,it seemed that only divine intervention could shorten his eight-year lease on power. The Soviet bloc's dramatic implosion complemented the President's experience in foreign affairs. He managed to finesse most challenges at home. But the domestic agenda could not be deflected forever, and now he faces a series of divisive concerns, including a new civil rights bill, tax increases and growing fear of recession. The selection of David Souter, while tactically adroit, underscored Bush's need to move cautiously across a domestic playing field that suddenly...

Author: /time Magazine | Title: On The Way Down? | 8/6/1990 | See Source »

...home mortgages and pay a stiff new gasoline tax. For its part, the U.S. wanted Tokyo to make it easier for large department stores to set up shop in Japanese cities, to boost public spending, to crack down on Japanese price-fixing and bid-rigging practices, and to shorten the workweek of Japanese employees to five days by eliminating half-day Saturday shifts. The ambitious talks were part of the Structural Impediments Initiative launched by President George Bush last May, which seeks to make fundamental economic changes in the two countries in order to reduce the $49 billion U.S. trade...

Author: /time Magazine | Title: A Blueprint for Reform | 4/16/1990 | See Source »

Among other concessions, Japan promised to lessen the power of tiny shops to obstruct the opening of new department stores that could stock larger amounts of foreign wares. It presently takes up to ten years for a store opening to be approved; Tokyo said it would shorten the process to about a year. Japan also pledged stiffer antitrust penalties for companies that rig bids to freeze out foreign suppliers. Moreover, Tokyo vowed to increase government spending on public works such as airports, roads and sewers. Besides creating business opportunities for U.S. contractors, such projects would facilitate the flow of imported...

Author: /time Magazine | Title: A Blueprint for Reform | 4/16/1990 | See Source »

...There's a very substantive lag in the development of this policy," Maher says, adding, "you can shorten that if there are members of the Faculty in on the [high-level] discussions...

Author: By Rebecca L. Walkowitz, | Title: Low-Profile Group Has Strong Impact | 4/7/1990 | See Source »

...jingle, sung by actor Saburo Tokito, who plays an oddly intrepid businessman in Regain's surreal commercials. So far, the CD has sold 300,000 copies and topped the Japanese pop-music chart. Definitely not amused: Japan's Labor Ministry, which has been trying to persuade the Japanese to shorten their workweek...

Author: /time Magazine | Title: Advertising: Jingle Single Jangles Japan | 2/12/1990 | See Source »

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