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...blame America's recordbreaking budget deficits on our allies' failure to shoulder more of the NATO burden is misleading. Defense expenditures as a percentage of GNP, even after the Reagan defense buildup, are much lower than they were throughout the 1950s and 1960s, when the economy boomed...

Author: By Andrew J. Bates, | Title: Don't Knock NATO | 1/9/1989 | See Source »

Ward was in Oxford with James Meredith; he was shot in the shoulder for his protective pains. Yet he seems criminally naive about race relations in the South. In a luncheonette he quizzes a young black; that night the youth is tortured. Ward's way is to send his agents wading solemnly through a Jessup swamp in their dark gray suits, looking for all the world like a lost patrol of Blues Brothers. The result is only frustration and conflagration, as Negro churches, schools, shacks go up in flames. Anderson, a native Mississippian, knows how to talk to the natives...

Author: /time Magazine | Title: Show Business: Fire This Time | 1/9/1989 | See Source »

Salinas' is but one voice in what has become a rising chorus of debtor discontent. Crippled by stagnant growth and a combined foreign debt of more than $400 billion, Latin American governments are finding it increasingly unacceptable to shoulder interest payments for loans that only push them deeper into the red. Yet the banks that made the loans, many of them privately held U.S. institutions, have come up with few acceptable solutions...

Author: /time Magazine | Title: Latin America Sounding the Alarm: Debt-Threatened Democracies | 1/9/1989 | See Source »

...This observation on oblivion was prompted by something as mundane as a pair of gloves, which had been proffered tentatively by a short man wearing a cap and an aging leather jacket, with a faded green cotton bag slung over his shoulder like an Irish peddler. For the past 24 years, between Thanksgiving and Christmas, Michael Greenberg, 60, has been taking his bag of gloves to Manhattan's Bowery, long the haunt of the down-and-outs and the lost- weekenders, and wandering the gritty neighborhood looking for "the old, the reticent and the shy." When he finds one, like...

Author: /time Magazine | Title: Gloves for The Needy: One Heart Warms Many Chilly Fingers | 1/2/1989 | See Source »

...bankrolling solutions to the environmental crisis. Japan has long shied away from assuming a major place in international affairs because of its militaristic adventures of the 1930s and '40s, but as Prime Minister Noboru Takeshita has made clear, his country realizes its international duty and is willing to shoulder...

Author: /time Magazine | Title: Planet Of The Year: Hands Across the Sea | 1/2/1989 | See Source »

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