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...public truce, though, did little to mask sharp differences between Regan and Feldstein or to ease fears that the Administration's economic policy is awry. Regan's ideas are very close to the President's original supply-side strategy, which was based on a strong reliance on the stimulative power of tax cuts. Regan believes that the growth generated by the President's tax-reduction program will boost Government revenues and take care of part of the deficit. To reduce the budget gap further, Regan argues, Congress must concentrate on slashing spending. He believes...

Author: /time Magazine | Title: Bombarding Reagan's Budget | 2/20/1984 | See Source »

...while. Or so it would seem, judging from a preview of the major foreign policy address on the Soviet Union that President Reagan is scheduled to make early this week. Whatever the President might have said about the Kremlin in the past, he has decided to call a truce in the war of words that has sent superpower relations plummeting to the lowest point in two decades. Instead, Reagan intends to steer a course, in his words, of "credible deterrence and peaceful competition." As he planned to say in his speech: "Neither we nor the Soviet Union can wish away...

Author: /time Magazine | Title: A Thaw in the Big Chill | 1/23/1984 | See Source »

...truce seemed at hand later in October when the warring parties signed a one-year agreement that prohibited both sides from altering the status quo. But that accord lasted about as long as a cease-fire in Lebanon. During a Getty Oil board meeting in November, the directors asked Gordon to leave the room. While he was out, they decided to support a lawsuit challenging his position as sole head of the Sarah C. Getty Trust...

Author: /time Magazine | Title: Texaco and Getty Oil: History's Biggest Takeover? | 1/16/1984 | See Source »

...near the Sabra and Shatila Palestinian refugee camps, on the southern rim of Beirut. Though Nabih Berri, leader of Amal, the main Shi'ite militia group, agreed to let government troops take over the sites, the Lebanese soldiers moved in with guns blazing. By the time an uneasy truce had settled over the area, officials estimated, the death toll was 50; unofficially the total was put as high...

Author: /time Magazine | Title: Middle East: Of Bombs and Strikes | 1/9/1984 | See Source »

Throughout Lebanon last week, the search for peace suffered a series of setbacks. A five-day truce between P.L.O. factions ended abruptly on Tuesday when rebel forces attacked and seized the Baddawi camp, causing hundreds of deaths and forcing Arafat and some 4,000 troops still loyal to him to seek refuge in the heart of Tripoli. In Beirut, 45 miles to the south, an eight-week truce was frequently violated as "phantom artillerymen," presumably Druze, shelled predominantly Christian East Beirut and sporadically hit parts of the Muslim western quarters as well. The continuing peace negotiations among Lebanon...

Author: /time Magazine | Title: Middle East: Arafat Is Finished | 11/28/1983 | See Source »

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