Word: stewardship
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This week TIME AUSTRALIA, the South Pacific edition we established with a Melbourne-based editorial staff in 1986, comes under the stewardship of a new editor, Michael Gawenda. Michael has been on a working visit to New York City for the past three weeks, helping edit articles for our other international editions and discussing South Pacific coverage plans with me and with Karsten Prager, the managing editor of TIME International. "Specifically, we want to widen coverage of the region by devoting more space to New Zealand and the emerging island nations in our area," Michael explains. "That will also allow...
Last week the Bush Administration seemed confident enough of Gorbachev's continued stewardship not only to accord recognition to the Baltics but also to set forth "five principles" that would govern the U.S. response to the - rapidly shifting situation in the Soviet Union. Tipping its preference for a clearly delineated central authority that could oversee inter- and intra- republic conflicts, the Administration emphasized the need for orderly and peaceful change, safeguards to ensure the rights of ethnic minorities, and respect for international obligations...
Despite a long career in local and state government, Schaefer has never developed a tolerance for red tape. During his temporary stewardship at the department of human resources last month, he encountered the kind of bureaucratic bottleneck that irks him. An office had run out of food-stamp forms. "I asked why," says the Governor, "especially since the forms came from an office not 20 feet away." A clerk told him they were "supposed to come through the system," at which Schaefer snapped, "Why don't you just walk over and get them?" She did. On a more sympathetic note...
...Lima, where a probe of B.C.C.I.'s stewardship of Peru's central-bank funds is under way, local investigators are trying to trace what happened to money in an aborted B.C.C.I.-brokered deal to sell French-made Mirage jet fighters to the impoverished nation. Sources in the clandestine arms trade say B.C.C.I. eventually sold the planes to Pakistan and India...
...helped raise the value of the company's stock by spending nearly $2 billion to buy back shares. As a result, the statement says, Araskog's compensation "is at a level which is believed appropriate for bringing to ITT the benefits which have come to the corporation under his stewardship...