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...term, Thatcher will face first a leveling off, and then a decline, of North Sea oil revenues after some fields begin to go dry. This will mean that the Conservative government will no longer be able to count on the oil cushion that has so far helped it to soften the harsher effects of the recession. With inflation down, Thatcher is expected to take more risks to protect the recovery. To improve British competitiveness in world markets, Brittan expected the government to encourage a fall in interest rates, as it did last week, in order to slow the rise...

Author: /time Magazine | Title: Europe: Some Smoother Seas | 6/27/1983 | See Source »

While at Williamsburg, Reagan reportedly authorized Kohl to raise the possibility of a U.S.-Soviet summit when he goes to Moscow next month. Some White House advisers believe a meeting with Andropov would help Reagan politically in 1984, since it would probably soften his cold warrior image. But others reportedly feel that it could backfire unless it yields progress on arms control. In the past, Reagan has said he would be willing to sit down with his Soviet counterpart only if there was a chance of producing substantive results...

Author: /time Magazine | Title: After Williamsburg | 6/13/1983 | See Source »

...report out a strengthened variant of a Senate "compromise." passed 91 to 5 last month, that would postpone withholding for four years and, in the interim, step up tax enforcement. Reagan, who in the past has pledged to veto any attempt to repeal or postpone withholding, appeared to soften his stance in the face of the veto-proof votes. Said he: "I'm going to wait and see what they come up with there on the Hill...

Author: /time Magazine | Title: Voting the Bankers' Way | 5/30/1983 | See Source »

...extremely heavy, brutal and prolonged" Soviet bombing of rebel regions, and repeated the U.S. desire "to see Afghanistan's agony brought to an end through Soviet troop withdrawal as part of a negotiated settlement." Western military analysts in Pakistan said that the Soviets may be trying to soften up their withdrawal routes for the time when a pullout is arranged. But Moscow was hardly taking any chances. In Ghazni, south of Kabul, some 10,000 Soviet troops, along with ground and air support, were reportedly massed in preparation for a maneuver to seal off the border with Pakistan...

Author: /time Magazine | Title: AFGHANISTAN: More Agony | 5/23/1983 | See Source »

During his two-term mayoral stint, which ended in 1980, the tough-talking Rizzo earned enemies among blacks and liberals for his outspoken support of a police department they considered to be brutal to blacks and insensitive to citizens' rights. To soften his combative image during the current campaign, Rizzo signed up for some public relations cosmetology. First he hired New York Media Consultant David Sawyer, who attempted unsuccessfully to portray his barrel-chested client as wiser and mellower. Then Sawyer's replacement, Baltimore Consultant Robert Goodman, promised to show "not the old Rizzo or the new Rizzo...

Author: /time Magazine | Title: Face-Off in Philadelphia | 5/16/1983 | See Source »

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