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...1980s, the value of the U.S. dollar seemed to be going into orbit. While American consumers enjoyed cheap imports and luxuriated in foreign travel bargains, U.S. manufacturers complained bitterly that they were being clobbered by overseas competitors. But early last year the dollar bailed out, with a slight push from anxious international moneymen. At first the decline was a gentle drift, but it is now showing signs of becoming a free fall. Since December the dollar has dropped by 19% against the Japanese yen and 8% against the West German mark. It dipped last week below...

Author: /time Magazine | Title: Falling Back to Earth | 3/3/1986 | See Source »

Even as Marcos spoke, thousands of Filipinos streamed into the darkened streets, marching toward Camp Aguinaldo on the outskirts of Manila. The demonstrators, many of them carrying candles, were jubilant as they gathered outside the gates. "Cory! Cory!" they chanted, invoking the nickname of Opposition Leader Corazon Aquino, the slight, bespectacled widow of slain former Senator Benigno ("Ninoy") Aquino, who had challenged Marcos for the presidency and lost in an election tainted by ballot stealing and bloodshed. Aquino was leading a rally in the central Philippine city of Cebu when the uprising occurred at Camp Aguinaldo. Supporters, fearful...

Author: /time Magazine | Title: The Philippines Rebelling Against Marcos | 3/3/1986 | See Source »

Watching closely was the slight, determined figure of Corazon Aquino. The quiet widow who had turned into candidate and crusader, who had ignited a popular passion for change during her 57-day election campaign, continued to insist last week that she rather than Marcos was the rightful President of the Philippines. Deliberately ignoring the National Assembly hoopla, Aquino went on the personal offensive. She staged a giant rally in Manila's Rizal Park on Sunday to protest Marcos' alleged election fraud. That event was the kickoff of a protracted "People's Victory" campaign of nonviolent rallies and boycotts in coming...

Author: /time Magazine | Title: Going into the Streets | 2/24/1986 | See Source »

Despite the red carpet reception for Savimbi, Congress remains uneasy on the question of U.S. involvement in southwestern Africa's complicated political stalemate. House Foreign Affairs Committee Chairman Dante Fascell thinks the chances are "slight to none" that aid for UNITA would survive the Capitol Hill appropriations process. One major obstacle: the crunch on foreign aid imposed by the Gramm-Rudman deficit-reduction...

Author: /time Magazine | Title: Red Carpet for an African Rebel | 2/10/1986 | See Source »

...England states saw only a slight drop in applications, despite a decrease in the region's high school population, she said...

Author: By Matthew H. Joseph, | Title: Applicant Pool Shifts Westward | 2/8/1986 | See Source »

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