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...overtaken the government since the Palestinian riots began in early December. But to the outside world, it was a distorted portrait of how the battlefield actually looked. As television footage and photographs have made clear, Gulliver has the gun. Last week six more Palestinians were killed, raising the toll to at least 23 dead and hundreds wounded...

Author: /time Magazine | Title: Middle East State Of Siege | 1/4/1988 | See Source »

...sickening free fall of stock prices. He took a break for dinner with Irish friends at Doyle's, one of the country's best-known seafood restaurants, but he cannot remember what he ate. As the Dow plummeted a record 508 points, 500,000 calls jammed Fidelity's toll-free number. Many customers were buying, but many more were selling, and the fund lost an additional $150 million...

Author: /time Magazine | Title: Up, Up, then Doooown | 1/4/1988 | See Source »

Whether Agnos will build on his success depends on his ability to respond to some daunting challenges. A deficit conservatively estimated at $86 million, a shrinking corporate community and an increasing death toll from AIDS have dulled the city's upbeat image. Almost as bad for longtime residents has been the emergence of Los Angeles as California's pre-eminent city...

Author: /time Magazine | Title: An Upstart Mayor, a Shaky Future | 12/21/1987 | See Source »

...biggest problem facing Agnos, one he characterizes as a "human and possibly fiscal catastrophe for the city," is the accelerating toll from AIDS. A large percentage of San Francisco's gay male population will die of the disease over the next decade. "Everybody who is infected will get sick," says Dr. John Ziegler, director of the AIDS clinical research center of the University of California at San Francisco. "Everyone who gets sick will die." A highly regarded Berkeley study suggests that as many as 52% of the city's 70,000 to 100,000 gay men have been exposed...

Author: /time Magazine | Title: An Upstart Mayor, a Shaky Future | 12/21/1987 | See Source »

Howard Wachtel, professor of economics at American University, is worried that if the trade deficit does not show some signs of improvement soon, the dollar might tumble further. That could force the Federal Reserve to raise interest rates to stabilize the U.S. currency, whatever the toll on economic growth. Admits a top Administration official: "There has never been a trade deficit of this magnitude that has not been corrected by a recession...

Author: /time Magazine | Title: Confusion - But Hope | 12/21/1987 | See Source »

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