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Caton said that restrictions on foreign imports could help remedy the trade imbalance. He also called for a reduction of the federal deficit to lower interest rates and weaken the dollar...

Author: By David S. Hilzenrath, | Title: Eckstein Calls for Reduction of Deficit | 2/3/1984 | See Source »

...issues," said one official, "are not appreciably changed." But that cool appraisal understates the current, critical juncture for U.S. policy toward Central America, in particular El Salvador. Two days after Bush's ultimatum, Salvadoran extremists won worrisome victories: a rightist coalition in the legislature managed to weaken the three-year-old land-reform program, and leftist guerrillas in the field ravaged a U.S.-trained army battalion (25 dead, 45 wounded) in a ten-hour firefight. In Nicaragua, meanwhile, the left-wing Sandinista government has made much of its recent moderate gestures, as the U.S. endeavors to fashion a diplomatic...

Author: /time Magazine | Title: Turning Up the Heat | 12/26/1983 | See Source »

...feel more strongly than those who want them to stay. While voters welcome the Administration's new assertiveness, however, they do not want it to go too far. In September, just after the shooting down of the Korean Air Lines jet, 57% agreed that "we have to weaken the Soviet economy and their military power even at the risk of nuclear war." Now only 46% agree with that statement. When asked what are the important goals for the nation, 67% picked "reducing the risk of nuclear war," more than chose any other goal...

Author: /time Magazine | Title: Highs for Mondale and Reagan | 12/26/1983 | See Source »

...Syria became an independent monarchy under King Faisal I of the Hashernite royal family. But Britain and France were at work redrawing the region's boundaries. Faisal's sovereignty ended after only a few months when the French claimed Syria under a League of Nations mandate. To weaken the Arab nationalist movement, the French created contemporary Lebanon by carving from Syria the Christian region around Mount Lebanon, the predominantly Muslim Bekaa Valley and the coastal cities of Tripoli, Beirut, Sidon and Tyre. Even as they never forgave the Crusaders who overran their homeland, the Syrians have never absolved...

Author: /time Magazine | Title: Saladin's Shaky Successors | 12/19/1983 | See Source »

Assistant Attorney General William Baxter said of the case against the companies, "There just wasn't anything there." The Government's case seemed to weaken with time. The Saudis refused to allow the four oil companies to disclose information about Saudi oil production. For another, the companies after 1973 increasingly took their production orders from the Saudis. In fact, 1977 was possibly the last year that the oil companies could have influenced the price of oil by regulating the Saudi supply. In any case, Baxter noted that Saudi oil production has fallen to 5 million bbl. daily from...

Author: /time Magazine | Title: Thin Oil | 12/19/1983 | See Source »

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