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...first concentrated uproar over budget-based sacrifices was not long in arriving. In testimony before a Senate committee, Budget Director David Stockman decried the rapid growth in agricultural subsidies, which would be severely reduced under Reagan's spending proposal, and military retirement costs, which would not. Spokesmen for the two constituencies expressed outrage at being singled out as budget busters, and Stockman's dismissal was demanded...

Author: /time Magazine | Title: Let's Get Started | 2/18/1985 | See Source »

...Administration failed to quell the uproar by announcing, the day after Stockman's testimony, a change in the rules under which it is offering $650 million in loan guarantees to banks that renew credit to debt-burdened farmers (the previous rules were so unattractive to rural bankers that they have accepted only $25 million in guarantees since the program began last September). Bipartisan groups of legislators, claiming that tens of thousands of farmers face bankruptcy before they can get their crops planted this spring, readied bills to force a vastly greater expansion of loan guarantees. One measure being drafted...

Author: /time Magazine | Title: Real Trouble on the Farm | 2/18/1985 | See Source »

...budget he was scheduled to present formally to Congress on Monday: the painful necessity of virtually freezing overall federal spending in order to reduce gargantuan deficits. But long before the fat, gray-bound budget volumes appeared over the weekend, that theme had got lost in a spreading uproar over one component of the budget that Reagan, far from freezing, wants to maintain at a rolling boil: military spending...

Author: /time Magazine | Title: Cap on a Hot Tin Roof | 2/11/1985 | See Source »

Last week's meeting had hardly got under way when it ran into trouble. Nigerian Oil Minister Tam David-West sparked an uproar by discrediting a report prepared by Mani Said al-Oteiba of the United Arab Emirates. The study came from a committee that attempts to find out which OPEC members are secretly exceeding their quotas or selling at discounts from official prices. Financially strapped Nigeria is one of the suspects. Oteiba stormed out of the conference, telling reporters that David-West "is stabbing OPEC in the back by defying our pricing structure...

Author: /time Magazine | Title: Trying to Stop a Rolling Barrel | 2/11/1985 | See Source »

...than complete sovereignty. The caldoches continue to argue that the Pisani plan would lead to a Kanak takeover. Pisani declared a state of emergency throughout the territory, including a dawn-to-dusk curfew. In Paris, where Premier Laurent Fabius dispatched 1,000 fresh troops to New Caledonia, a political uproar was brewing. Right-wing opponents of President Francois Mitterrand's Socialist government joined the island's French community in denouncing the Pisani plan...

Author: /time Magazine | Title: New Caledonia Pacific Violence | 1/21/1985 | See Source »

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