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...FEEL trapped into taking this position. The president has thrown caution to the winds, dragging the country into combat without adequate consideration of alternatives. He took advantage of the trust of many members of Congress who voted to authorize force under the assumption that it would strengthen Bush's leverage in seeking a peaceful solution. Earlier this week, we argued that those who supported giving Bush a "credible threat" in the form of a use-of-force resolution would be taken for suckers. They have been...

Author: NO WRITER ATTRIBUTED | Title: Continue the Offensive | 1/18/1991 | See Source »

...shaky health of the industry led Congress last week to introduce bills to shore up federal deposit insurance and strengthen federal bank supervision. Sponsors included Henry Gonzalez, the Texas Democrat who chairs the House Banking Committee. Meanwhile, the Treasury Department is drafting plans to permit banks to enter new fields to increase their profitability. The key points in the proposals...

Author: /time Magazine | Title: Pillars Of Sand | 1/14/1991 | See Source »

Whatever might have happened behind the scenes, onstage Gorbachev moved abruptly to the right. He proposed constitutional changes, which he hopes to ram through the Congress of People's Deputies, that would further strengthen presidential authority. He announced plans to form civilian vigilante groups to combat black markets and profiteering, and put the KGB in charge of monitoring the distribution of foreign food. Most striking, he sacked Vadim Bakatin, the moderate Interior Minister, and replaced him with a two-man team: Boris Pugo, former chief of the Latvian KGB, as minister; and General Boris Gromov, an officer often said...

Author: /time Magazine | Title: Soviet Union Next: A Crackdown - Or a Breakdown? | 12/31/1990 | See Source »

...uprising, Argentina's fourth in as many years, came at a critical moment in Menem's 17-month-old presidency. His sure-handed response to the rebellion was expected to strengthen his political position and give him a fresh chance to deal forcefully with his faltering economy. Despite ambitious plans for slimming the public sector and selling off money-losing state companies, Menem can claim credit for few accomplishments. His privatization program is bogged down, and inflation could reach...

Author: /time Magazine | Title: Argentina The Painted Faces | 12/17/1990 | See Source »

...Saddam alliance because Iraq's war machine would have deteriorated so badly. That view contrasted sharply with the one put before the same House committee two days earlier by Secretary of Defense Dick Cheney. He told the panel that delay would only give the Iraqi military more opportunity to strengthen its defenses in Kuwait and southern Iraq. Webster had other concerns about the effect of delays, however. During closed-door sessions of the House hearings, he reportedly told the committee he feared that the international coalition lined up against Iraq would fall apart before sanctions had time to work...

Author: /time Magazine | Title: Mixed Signals on Sanctions | 12/17/1990 | See Source »

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