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...pipeline. Thus, many European and American moneymen believe that the Soviets will eventually be forced to help pay off the Polish debt in order to keep their own lines of credit open in the West. Bankers have nicknamed this hypothesis of a Soviet financial bailout of Poland the "umbrella theory...

Author: /time Magazine | Title: Financial Brinkmanship | 1/4/1982 | See Source »

Question: What soars high above a treetop with an open umbrella? Answer: Barbara ("Mary Poppins") Bush. That's the way the Second Lady billed herself after braving high altitude and Washington rain to top the national Christmas tree with a star on the Ellipse south of the White House. To crown the 30-ft. Colorado Spruce, Bush was given a lift in a cherry picker. The task comes with her job, she says: "Vice Presidents' wives go to funerals and top Christmas trees." They do not, however, light the evergreens. On Dec. 17, Ronald Reagan will perform that...

Author: /time Magazine | Title: On the Record: Dec. 14, 1981 | 12/14/1981 | See Source »

...same as ever for distance but I'll be goddam if I can read--except--and this is funny--under a big umbrella outdoors in a bright sun: under those conditions I seem to read even newspaper type exactly as well without my glasses as with my distance ones (not reading ones--or anyway, almost the same.) If I use my right lens as a magnifying glass and pull it away. I can see as clearly for a fifth of a second...

Author: NO WRITER ATTRIBUTED | Title: Thurber Out of Focus | 12/3/1981 | See Source »

...exception of France, no Western European country has shown the willingness to spend what it takes to develop a credible military force. "The Europeans made a conscious decision not to emphasize conventional arms buildups way back in the 1950s," says a U.S. diplomat. "They opted for the American nuclear umbrella instead. If they want that umbrella to be folded up, they presumably know the consequences and accept them. We can't graft backbone...

Author: /time Magazine | Title: Disarming Threat to Stability | 11/30/1981 | See Source »

Gone is the global U.S. military superiority that could be taken for granted in the '50s and '60s. Gone is any certainty in Europe that America's "nuclear umbrella" guarantees the security of the Continent...

Author: /time Magazine | Title: Disarming Threat to Stability | 11/30/1981 | See Source »

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