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...among Africans, there is fear that Beijing's largesse to their continent will shrink. While commercial ties are strong, China has sharply reduced its economic assistance to African countries as it has concentrated on closing the gap with the industrialized West...

Author: /time Magazine | Title: China The Fallout from Nanjing | 1/16/1989 | See Source »

...survived his difficult passage, Tower would face the most complicated task in the next Administration. Eight years after Reagan expanded the military budget 50%, persistent budget deficits would force Tower to shrink Pentagon accounts by one-fourth of what was planned in fatter times. That means eliminating Navy ships, Army divisions and Air Force fighter aircraft envisioned by Caspar Weinberger in the flush years of the early 1980s -- nearly $200 billion in weapons and research programs over the next four years. Said former Defense Secretary Robert McNamara last week: "The DOD is as close to bankrupt...

Author: /time Magazine | Title: John Tower's Hesitation Blues | 12/12/1988 | See Source »

...alliance of the Social Democrats and Liberals saw their representation in Parliament shrink from 25 to six. Although "people liked our policies," Williams says, "we tried to fight with two leaders [and two parties]." The Conservative Party swept to a majority in Parliament in 1987, and against a divided opposition, Thatcher won reelection to Prime Minister with only 43 percent of the popular vote...

Author: By Tommy J. Wang, | Title: Shirley Williams: British Pol Comes to America | 11/16/1988 | See Source »

...provide money that could be used to invest in basic medical care for children and to provide larger earned-income tax credits for the working poor who receive few welfare benefits. When the time comes to increase taxes to balance the budget -- and come it will, however much politicians shrink in horror from the "T" word -- consideration must be given to making the wealthy pay a larger share. Tax rates that range up to 70%, as they did before the Reagan cuts, may be unproductive, but there is nothing sacred about a spread that goes only...

Author: /time Magazine | Title: Are You Better Off? | 10/10/1988 | See Source »

...think other people can too." Yet she is uneasy. "But if we're going to be better off," she says, "something will have to happen." Something to ensure that the middle rung of America's ladder to success does not shrink too fast...

Author: /time Magazine | Title: How One California Family Has Been Caught in the Middle | 10/10/1988 | See Source »

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