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...macadam of the mall's parking lot. Because he has a criminal record (for burglarizing stores in the mall, of course), he is pessimistic about hit future. "I probably couldn't get a job here now," he says wistfully. "Unless--" we imagine his dull eyes catching a tiny spark--"I go down to the other end, where they don't know...

Author: By David M. Rosenfeld, | Title: Concrete Culture | 2/26/1983 | See Source »

...Bankers say at least $400 million would be required to ease Ghana's problems in 1983. In return, the IMF is likely to demand a devaluation of the cedi, Ghana's grossly overvalued currency, along with other stringent austerity measures. Any such agreement, however, could easily spark another coup by revolutionary elements within the military. The powerful radicals, says a former Ghanaian army officer, would "like to turn Ghana into a Cuba overnight and get rid of the last vestiges of private enterprise." As Rawlings vacillates between unpalatable alternatives, the influx of refugees brings not only the promise...

Author: /time Magazine | Title: Ghana: Homecoming to Misery | 2/21/1983 | See Source »

...recession, which caused traffic to shrink. Result: too many seats chasing too few passengers. No-frills carriers like People Express (see box) and Southwest Airlines are thriving on the competition by holding down costs, but some other small airlines are being squeezed. Air Florida, which had helped spark an earlier round of discounting, lost $64 million in the first nine months of 1982 after Delta and Eastern began matching the fares on its expanding routes. Says Arthur Bass, chairman of Midway Airlines, a Chicago-based dis counter that earned $4.5 million last year: "With excess capacity, the big airlines...

Author: /time Magazine | Title: Turbulence in the Skies | 2/21/1983 | See Source »

...criticism, perhaps even hatred for Israel which the commission findings will no doubt engender, they should also spark praise. The report represents a victory for democracy. There are few countries in the world, and certainly no Arab ones, that would have initiated such painstaking procedures. Indeed, the Lebanese Christians--those directly responsible--promptly forgot everything. So, despite all the tension, Israelis can take pride and solace in having a system that works...

Author: NO WRITER ATTRIBUTED | Title: A Grim Victory for Democracy | 2/12/1983 | See Source »

...what has been described in financial circles as a "kiss of life," the U.S. Federal Reserve relaxed its tight-credit policies last summer, and the prime rate has since dropped from 15% to 11%. Lower rates will aid the debtor nations in another way as well: they help spark recovery in the industrialized world, which in turn lifts demand for developing nations' products. That will lower interest payments on floating-rate borrowings by the debtor nations and reduce the cost of new loans. Morgan Guaranty Trust Co. estimates that each single-point drop in international interest rates saves Mexico...

Author: /time Magazine | Title: The Debt-Bomb Threat | 1/10/1983 | See Source »

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