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Moscow's response was far less generous. For the second time since coming to power, Andropov chose to respond personally to a U.S. initiative through an interview with Pravda. He began by conceding that part of what Reagan said was correct: "True, the Soviet Union did strengthen its defense capability. Faced with feverish U.S. efforts to establish military bases near Soviet territory, to develop ever new types of nuclear and other weapons, the U.S.S.R. was compelled to do so." But then he struck back, saying of his American counterpart: "He tells a deliberate lie asserting that the Soviet Union does...

Author: /time Magazine | Title: Archive: Reagan for the Defense | 3/21/2008 | See Source »

...problems," says Stanley Lau, vice chairman of the Federation of Hong Kong Industries. To lay people off, "you need to pay a huge amount in compensation." Nor is there any relief from surging raw-materials costs. And, slowly but surely, the renminbi, China's currency, continues to strengthen - it's now 12% higher versus the U.S. dollar than it was 18 months ago - making China's exports more expensive worldwide...

Author: /time Magazine | Title: China's At-Risk Factories | 3/20/2008 | See Source »

...American team created a unified national currency, worked to strengthen the bank system, suspended all tariffs, and, most controversially, opened Iraq completely to foreign investment...

Author: By Lois E. Beckett, CRIMSON STAFF WRITER | Title: The Blank Page | 3/18/2008 | See Source »

...that Senator John S. McCain has clinched the Republican nomination, he must overcome an identity crisis. Should he change his history of bipartisan voting to strengthen his Republican kinship ties? Or will his attempts to woo the right-wingers of his party alienate Independents? McCain’s recent flip-flop on torture suggests that he is trying to attract the right-wing Republican vote. That seems to explain why McCain, one of the nation’s staunchest opponents of torture, voted not to pass an anti-torture bill.This came as a surprise for those who know of McCain?...

Author: By Nafees Syed | Title: McCain a Flip-Flopper? | 3/17/2008 | See Source »

...Ironically, the charges will likely strengthen the hand of the AKP at a time when it under pressure to deal with two pressing issues - the Kurdish conflict in the southeast, and wildly unpopular social security legislation sought by the IMF. Erdogan, a powerful orator, does well as the underdog. He raged publicly against the prosecutor's bid, citing a Koranic verse, "They have ears, but they cannot hear. They have eyes, but they cannot see." He appears less confident when trying to govern from a position of power. Just a few days ago, he denounced millions of workers protesting social...

Author: /time Magazine | Title: Ban Sought on Turkey Rulers | 3/16/2008 | See Source »

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