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...lost 5% of its value against major foreign currencies. The dollar is now worth less than three West German marks for the first time in nearly two months. Analysts attribute the slide largely to a decline in U.S. interest rates. Some economists, including Britain's Stephen Marris, warn that the Reagan Administration should be worried about a precipitous fall in the value of the dollar. In a world of freely floating exchange rates, the dollar could drop just as far during the second Reagan term as it rose in the first. A sharp and quick fall in the dollar...

Author: /time Magazine | Title: Economy & Business: Smooth Waters Now, but Rapids Ahead | 11/19/1984 | See Source »

...clear as that of any play. As the referee turns his back, Howard slyly removes a shining metal strip from his mouth. The crowd understands that Howard is about to gouge Casey with the metal now concealed in his hand. The crowd is on its feet, shouting to warn the referee, who takes no notice...

Author: /time Magazine | Title: In Texas: Wrestling with Good and Evil | 10/22/1984 | See Source »

...next eight years while we are in the White House." Bush, who recently disclosed that the IRS had presented him with a bill for $198,000 in back taxes and interest, allowed as how "I'd like to get his name and phone number." Parried Ferraro: "I warn you, he's expensive...

Author: /time Magazine | Title: Co-Stars on Center Stage | 10/22/1984 | See Source »

...degrees since the early 16th century. Only in recent times, however, has their lobbying been carried to blatant extremes. On the eve of elections in West Germany last spring, they made it abundantly clear that Moscow was rooting for the Social Democratic Party, even going so far as to warn that if the Christian Democrats triumphed in Bonn, the result could be war. Such heavy-handed maneuvering was bound to have an adverse effect: scores of West German voters switched their allegiance to the Christian Democrats and the SDP, the ruling party, lost...

Author: By Jean E. Engelmayer, | Title: Hedging Their Bets | 10/3/1984 | See Source »

...President since Eisenhower who has failed to negotiate some measure of arms control, and the first since Hoover who has failed even to meet with top Soviet officials. He has taken the President to task for approving offers in arms-control negotiations that Reagan's own military advisers warn have no chance of Soviet acceptance...

Author: /time Magazine | Title: Gromyko Comes Calling | 10/1/1984 | See Source »

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