Word: swaps
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...style of this desperate age, RISKY BUSINESS carries the same 30's drama, with a different sex swap. Sure, Joel actually says, "Sometimes you just gotta say, 'What the fuck.'" But what he's really saying, desperately, is that "sometimes you just gotta fuck." What do we have for our lucky couple? Well, for the dumb, anxious, ersatz blonde, there's Tom Cruise, the dumb, protohulking, died-brunette--and vice versa (if you haven't lost...
Though they deny it, Reagan and his Administration have already changed policy sharply on the dollar. The President long viewed the greenback's strength as a source of pride, a testament to the robustness of the U.S. economy and the eagerness of foreigners to swap their own currencies for dollars to be poured into American investments. The reputation of the U.S. as a "safe haven" for investments that will not be ravaged by inflation or undercut by leftist politicians certainly has been a factor in the dollar's rise, but most economists outside the Administration give far greater weight...
...public relations duel, both sides avoided public discussion of the proposal, which will officially be placed on the negotiating table in Geneva this week. Government analysts spent the weekend parsing the Gorbachev letter and Shevardnadze's verbal presentation. But it seemed likely that the scheme will envision a large swap: the Soviets would move toward the U.S. position on reducing offensive nuclear weapons if the Americans severely limited their program of ultramodern Star Wars missile defenses...
When it comes to the thorny topic of international economics, generations of Americans have long enjoyed blissful ignorance. Phrases like "terms of trade" were more likely to suggest a baseball-player swap than something that could gravely affect people's jobs or incomes. Those innocent days, though, are past. When TIME's Board of Economists met last week in Manhattan to assess the business outlook, the animated session was dominated by issues ranging from the colossal U.S. foreign trade deficit to the financial crisis in South Africa. Said Alan Greenspan, a New York City-based economic consultant: "We are looking...
...that problematic. It was obvious from the start that it would have to involve the release of both the hostages and Israel's Lebanese prisoners. All parties seemed willing to accept that. Yet enormous efforts had to be made to avoid any public appearance of a swap...