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...Karpov. "There is no common ground, no convergence. The important areas are those where we differ." The polemical tone continued for much of the round. On a number of occasions Karpov launched into philippics on the sins of the U.S. Tower would reply with low-key sarcasm, "Thank you, Victor. We subscribe completely to your characterization of the American position. Now let's get down to business...

Author: /time Magazine | Title: The Superpowers: Inside Moves | 5/30/1988 | See Source »

...days of yore the defeated general would have handed over his sword and scabbard on the field of battle. In France last week, the vanquished paid homage to the victor during a tense nine-minute ceremony in a brocaded Louis XV-style study of the Elysee Palace, in which Jacques Chirac tendered his resignation as Premier to the adversary who had beaten him at the polls two days before: re-elected President Francois Mitterrand. Then Mitterrand got cracking. Over the next 48 hours he gave France a new Premier, moderate Socialist Michel Rocard; a new 26-member Cabinet that includes...

Author: /time Magazine | Title: France Holding Most of the Cards | 5/23/1988 | See Source »

...jars and a pair of salt and pepper shakers in the form of a black chef and his wife. The final bid: $23,100 for a lot whose value Sotheby's had estimated at $100 to $150. "Spiritually, they are just wonderful," gushed Maria Olivia Judelson, wife of the victor. If so, then Cuban-born Businessman Gedalio Grinberg was truly exalted. He bought 136 of the cookie jars for a total of $198,605. "I wanted something from Andy," he shrugged...

Author: /time Magazine | Title: Living: Garage Sale of the Century | 5/9/1988 | See Source »

Multimillion-dollar cases like Conlan's are suddenly proliferating, giving the banking industry a dreaded new buzz phrase: lender liability. Gone are the days, says Victor Roy, a Louisiana banking lawyer, when "suing a bank was ! like suing the Pope." While the increase in lawsuits can be attributed in part to growing litigiousness, some bankers have themselves to blame. In the early 1980s, lenders aggressively sought new borrowers in farming and oil, pushing generous loans under the presumption that the good times would keep on rolling. But when the bottom fell out of petroleum and commodity prices, many ventures were...

Author: /time Magazine | Title: You're Foreclosing? I'm Suing! | 5/9/1988 | See Source »

...Victor A. Bolden, a second-year Harvard law student, was looking for an ice cream shop on Mass. Ave. with another Black student in November 1986, when four Cambridge policemen jumped out of their cars and demanded to see identification. They would not release Bolden or his companion until he had proven he was a law student...

Author: By Cynthia L. Mao, | Title: Racism in Cambridge Discussed at Hearing | 5/4/1988 | See Source »

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