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With his ruling coalition threatening to implode, Prime Minister Hans Modrow invited twelve opposition groups to join the government. They agreed on condition that Modrow suspend his Communist Party membership and the new Cabinet include no other Communists. Egon Krenz, Modrow's predecessor for only six weeks, was summarily expelled from the Communist Party he once...

Author: /time Magazine | Title: Around the Bloc | 2/5/1990 | See Source »

...think that we're very sincere and that we're going to try to work with them to resolve those issues," said Councillor Francis H. Duehay '55. "People are going to have to suspend judgment until that happens...

Author: By Matthew M. Hoffman, | Title: Small Property Owners Add New Voice To Debate at Weekly Council Sessions | 1/24/1990 | See Source »

...time to trim its debt to more tolerable levels. "I think the best bet would be to declare bankruptcy to protect the store franchises," says Monroe Greenstein, an industry analyst at Bear Stearns. The Federated and Allied chains could then operate under bankruptcy protection, which would entitle them to suspend interest payments and pay suppliers more promptly for their goods. But other Campeau watchers reject that strategy. Says Rothschild's Ross: "There is relatively little that can be done in bankruptcy that cannot be done out of it." He argued that while a bankruptcy filing would reduce interest costs...

Author: /time Magazine | Title: How Do You Spell Relief? Robert Campeau | 1/22/1990 | See Source »

...French daily Le Monde, said that a Soviet emissary told Sandinista and Cuban officials in Managua last week to stop arming the F.M.L.N. Salvadoran diplomats closed their Managua embassy on Wednesday and left the country in protest over the SA-7 shipments. But they stressed that relations were being suspended, not terminated. Ortega pointedly did not suspend his government's ties with San Salvador. The flap between the two countries will probably blow over...

Author: /time Magazine | Title: Central America No Place to Hide | 12/11/1989 | See Source »

...customer outrage, airlines have stuck to their offer of a 6% raise, but only if the pilots agree to increase their average monthly flying schedule from 31 hours to 55. In an even tougher example of the airlines' stance, they flatly turned down an offer by the pilots to suspend the strike temporarily during the Christmas season. But if the strike carries on, spoiled holiday plans may be the least of Australia's problems...

Author: /time Magazine | Title: Grounded, Frustrated and Angry | 11/20/1989 | See Source »

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