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This year the Democrats control both legislative chambers, and a presidential veto alone does not appear to be enough to stem the protectionist tide. Democratic Representatives have resubmitted a tough trade bill that the House passed last year but that died in the Senate. Included in that bill is a controversial amendment sponsored by Democratic Representative Richard Gephardt of Missouri. It provides that countries with highly protected domestic markets that run large surpluses with the U.S. would face automatic trade restrictions unless the surplus is reduced by fixed percentages annually. Gephardt's proposal would remove virtually all presidential discretion...

Author: /time Magazine | Title: Socking It to Imports | 2/9/1987 | See Source »

Cambodian Witness begins, happily enough, with an easeful and exotic tour of prerevolutionary life in the capital of Phnom Penh, where May's father was a doctor. The narrator's earliest memory is of fighting with his siblings for the free toy inside his mother's packages of Tide, and the household he describes with clear-eyed affection is governed by all the rites of any middle-class family anywhere -- watching TV on weekends, anxiously awaiting exam results, going for picnics in the countryside. The narrator himself appears to have been a regular little scamp who delighted in gambling with...

Author: /time Magazine | Title: Books: Ghost Stories Came True: CAMBODIAN WITNESS | 2/9/1987 | See Source »

...divers will be searching the general area and where they believe the tide would have taken him if he were in the water," LaMonica said. We have other avenues to investigate, but know that we covered that area...

Author: By John J. Murphy, | Title: Divers to Begin Search For Missing Professor | 2/4/1987 | See Source »

...tide of imports has badly hurt domestic production. Along with its fourth-quarter figure, the Commerce Department announced last week that growth in the gross national product was a sluggish 2.5% in 1986, the lowest rate since the 1981-82 recession. The slump in the dollar's value, though, could prove to be less than a cure for that malaise. As the dollar falls and import prices rise, U.S. inflation could be rekindled. That in turn could lead to an increase in U.S. interest rates, which would hardly stimulate the economy and might blight the stock market's further advance...

Author: /time Magazine | Title: That Crazy Stock Market | 2/2/1987 | See Source »

Everyone knows that sports teams must have nicknames, but selecting an appropriate one is fraught with peril. Alabama, for instance, may be proud of the Crimson Tide, but it sounds like a bloodbath or a serious algae problem. Notre Dame's famous jocks are ossified as the Fighting Irish, though Hibernian-American athletes are about as rare in South Bend as they are on the Boston Celtics. Nothing exposed the nickname crisis more starkly than the 1982 NCAA basketball championship game played between the Georgetown Hoyas and the North Carolina Tar Heels. Even if you know what a hoya...

Author: /time Magazine | Title: Essay: What's in A Nickname? | 1/19/1987 | See Source »

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