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...Turkey-which had been getting on with an $11.4 billion IMF-backed program-economic reform means not just taking unpopular austerity measures but also transforming the entire state sector, removing it as a place of plunder and patronage by the political establishment. Turkey's state-owned banks serve the political machine, writing off debts as political favors. As a result, accumulated losses are staggering. For the two largest banks, the figure comes to $20 billion...

Author: /time Magazine | Title: A Clash, Then A Crash | 3/6/2001 | See Source »

...mail discussion list of the Black Student Association (BSA). Several students, in delightful vituperation, wrote screeds protesting the fact that they even heard the comments, as if such discourse ought never to be uttered. (That's hogwash; we're in college; we're going to hear unpopular speech; let's grow...

Author: By Marc J. Ambinder, | Title: The Aggressive-Passive Mr. Mansfield | 2/26/2001 | See Source »

...with a game of golf after hearing the news that the U.S.S. Greeneville collided with and sank the fishing trawler Ehime Maru off Hawaii. Nine people are still missing and feared dead. It is the latest in a series of gaffes that have made Mori one of the most unpopular Prime Ministers ever. Lawmakers in the three-way governing coalition are nervous about the threat of a thrashing in an election for the parliament's upper house in July...

Author: /time Magazine | Title: World Watch | 2/26/2001 | See Source »

...with Iraq. Moderate Arab states don't like Saddam but can't stomach the deprivations suffered by ordinary Iraqis. Egypt has restored diplomatic relations. The U.N. weapons-inspections regime is dead. The Bush Administration is pushing money to opposition groups that most analysts say are too weak, divided and unpopular to do much. Nor do the fresh sounds of U.S. bombs--which Baghdad claims killed one and injured nine--help Secretary of State Colin Powell as he sets off on his first tour of the Middle East on Friday...

Author: /time Magazine | Title: Bush vs. Saddam The Sequel | 2/26/2001 | See Source »

Last week Tung Chee-hwa, Hong Kong's genial but unpopular Chief Executive, looked into the political abyss and backed away. Speaking to Hong Kong's Legislative Council, he echoed Beijing's assertion that Falun Gong is an "evil cult." But he stopped short of saying he would follow the suggestions of pro-Beijing figures to ban the group. As one official put it, Tung was walking a "razor's edge," trying to keep mainland backers happy while avoiding comments that might suggest the city's vaunted autonomy and rule of law were crumbling. The situation is so precarious that...

Author: /time Magazine | Title: Litmus Test | 2/19/2001 | See Source »

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