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...bank-debt repayments are desperate measures, steps the U.S. and the International Monetary Fund advised against. If they are followed by real reforms of the tax and banking systems, the program might restore some confidence in the economy and bring investors back. But by itself, the floating ruble will slash the savings of some Russians and increase the cost of living for many, especially those who live in the cities, where more than half the food in the shops is imported. Those are cruel blows to a nation that is already suffering, and could trigger enough political backlash and social...

Author: /time Magazine | Title: Russia: Yeltsin's Desperate Gamble | 8/31/1998 | See Source »

...leading tax defaulter, Gazprom, was calculated to impress the IMF, says TIME correspondent Andrew Meier. But even if it accomplishes that, the international body is unlikely to cut the big check Russia so desperately needs. "The IMF seems bent on playing high-stakes brinkmanship," says Meier, "extorting vows to slash the budget and strip the fat before it will agree to bail Russia out." But Russia's condition is deteriorating rapidly...

Author: /time Magazine | Title: Moscow to IMF: Check, Please | 7/3/1998 | See Source »

...suppose I'm a healthier role model than, say, Slash of Guns N' Roses," concedes the practicing internist of his idol status among the scores of adolescents and young adults comforted by his gently informative, utterly genuine approach. But what motivates him is his ability to reach a population in desperate need of information--a skill he first discovered 15 years ago as a medical student in California. When two disc-jockey acquaintances were starting a new show on relationships, they asked him to be the medical consultant. Pinsky, now a happily married parent of triplets, had sensed that young...

Author: /time Magazine | Title: Dr. Drew Pinsky, After-Hours Guru | 6/15/1998 | See Source »

...first thing you noticed was the face, a dead-white mask of anguish with black holes for eyes, a curt slash of red for a mouth and cheekbones as high as the sky. Even if Martha Graham had done nothing else worth mentioning in her 96 years, she might be remembered for that face. But she also made dances to go with it--harsh, angular fantasies spun out of the strange proportions of her short-legged body and the pain and loneliness of her secret heart. If Graham ever gave birth, one critic quipped, it would be to a cube...

Author: /time Magazine | Title: The Dancer MARTHA GRAHAM | 6/8/1998 | See Source »

...response to what critics have called "the race to the bottom," Bayh said the country is "not going to see a dramatical slash in welfare benefits...

Author: NO WRITER ATTRIBUTED | Title: Indiana Governor Lauds States' Rights | 3/12/1998 | See Source »

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