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...East with its Ostpolitik, a reaching out to East Germany and the rest of the bloc through increased economic, diplomatic and personal ties. For their part, the 17 million East Germans took solace from an economy that, while it lagged far behind West Germany's, provided them with a standard of living higher than that of the Soviets...

Author: /time Magazine | Title: V-E Day: From Rubble To Renewal | 4/12/2005 | See Source »

...dredged from the leaky hulls that jammed the docks." He also does some riffs on Chinese secret societies, the erotic kinks of foot-bound "sing-song girls," and the power of opium in a culture in which at least one Chamber of Commerce used the drug as the official standard of exchange. To his appetite for low company Seagrave adds an urbane taste for incongruity, a penchant for Edwardian epigrams ("There is a time for fools to come forth, when only bandits can be kings") and a gift for painterly description: Taiwan is a realm of "cliff-lined seascapes...

Author: /time Magazine | Title: Books: The Wild East | 4/12/2005 | See Source »

...President had settled down in his suite of five large, airy but rather impersonal rooms. It is furnished with several comfortable armchairs, but the President slept on a standard metal hospital bed. Before dropping off, he was put through the battery of tests drearily familiar to anyone who has been prepared for major surgery: chest X ray, electrocardiogram and CAT (computerized axial tomography) scan, a kind of super X ray of a large portion of the body. The scan showed no sign of cancer outside the colon. The tests ended about 11 p.m.; Reagan then read for a while (what...

Author: /time Magazine | Title: Ronald Reagan: Anxiety over an Ailing President | 4/12/2005 | See Source »

...federal budget has become an exercise in creative writing. The one passed by Congress last year projected a 1985 deficit of $181.1 billion and heading down. When the books close on fiscal 1985 this October, the deficit will be more than $200 billion and rising. It has become a standard, and dangerous, practice in Washington to proclaim budget reductions that in fact are the product of phony numbers that never translate into reality...

Author: /time Magazine | Title: Cooking the Books | 4/12/2005 | See Source »

Such violence only sharpens questions about what role American business--and, indeed, all foreign business--plays in South Africa. Direct investment by U.S. companies in factories, warehouses, offices and the like totals less than $3 billion. Some 350 publicly held American companies, including one-third of those listed in Standard & Poor's directory of 500 large American firms, have some ties with the country. Some 155 adhere to the Sullivan principles. Although U.S. companies employ only about 1% of all South African workers, they are mainly involved in such critical industries as autos, oil and computers...

Author: /time Magazine | Title: South Africa: Apartheid's New Upheaval | 4/12/2005 | See Source »

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