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White-gloved guards goose-stepped up to the monument commemorating their nation's most venerated martyr. Then Junta Coordinator Daniel Ortega Saavedra and Interior Minister Tomás Borge Martínez laid a single wreath on the tomb of Revolutionary Hero Carlos Fonseca Amador. Two dozen grammar school students, clad in denim shifts or designer jeans, shook their fists and cried, "The Yanquis will die!" before breaking into bashful giggles as adults smiled their approval. Finally, a high school marching band tramped loudly up to the monument, throwing a gaggle of preschoolers into disarray. As some toddlers cringed...

Author: /time Magazine | Title: Nicaragua: Twisting Arms | 11/21/1983 | See Source »

This time the mourning was for 17 South Koreans, including four Cabinet ministers and ten key government officials, who had been killed when a bomb ripped through the Martyr's Mausoleum in the Burmese capital, Rangoon. The South Korean delegation had gathered at the site for a wreath-laying ceremony at the beginning of what was to have been an 18-day tour of South Asian and Pacific countries. South Korean President Chun Doo Hwan, 52, the apparent target of the attack, had not yet arrived at the ceremony and escaped unharmed...

Author: /time Magazine | Title: South Korea: No Words for the Bitterness | 10/24/1983 | See Source »

...estimated 76,400 accounts and planned to reopen its doors this week; the FDIC will collect First National's bad loans. The passing of the institution into the hands of out-of-towners left some Midland residents gloomy. Said Mayor Thane Akins: "I feel like hanging a black wreath on my door." The merger was one of the largest commercial bank failures in U.S. history, based on the institution's deposits of $622 million. The biggest bank to go under was New York City's Franklin National, in 1974 (deposits: $1.4 billion...

Author: /time Magazine | Title: Burying Mother | 10/24/1983 | See Source »

South Korean President Chun Doo Hwan was running a few minutes late for the wreath-laying ceremony at the Martyrs' Mausoleum in Rangoon last Sunday. As they waited for his arrival, high-ranking South Korean officials chatted quietly with their Burmese hosts. Suddenly, an earsplitting explosion cracked through the one-story building, blowing the center of the roof skyward. Within seconds, a scene suffused with the orderliness of diplomatic protocol was transformed into bloody chaos: smoking ruins, survivors screaming hysterically, others racing frantically from the building to seek help. The toll of the blast, apparently caused by a bomb...

Author: /time Magazine | Title: A Bomb Wreaks Havoc in Rangoon | 10/17/1983 | See Source »

Growing so hugely expensive that they have been threatening to collapse under their own deficits, the Games have not been at such risk since A.D. 394, when the athletes' grumbling displeasure with olive-wreath prizes caused Roman Emperor Theodosius I to halt the competition in dismay for 1,502 years. Baron Pierre de Coubertin, a French idealist whose practical side was underrated, revived the Olympics in 1896 in the name of international amity but with a plea for fiscal sanity that is near to the heart of Peter Ueberroth, 46, the Olympian Cash McCall. For, in a way, this...

Author: /time Magazine | Title: Sport: Eve of a New Olympics | 10/17/1983 | See Source »

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