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...nine percent of young Americans felt that Social Security would have enough money to pay them expected benefits. Americans are more likely to believe in UFOs than Social Security's solvency, but their concern far exceeds that reality of the problem. Since the mid '80s, the debate over Social Security has been dominated by crisis-mongerers who have sought political gain or higher rating points in the rhetoric of crisis. In the midst of a debate where everyone is talking about a crisis, it is no wonder that Americans have come to believe...

Author: By Thomas C. Rollins, | Title: Nothing Learned from the Depression | 3/7/1997 | See Source »

...Shanghai is caught up in entrepreneurial energy. In the mid-'80s, while southern provinces like Guangdong and Hainan turned Deng's experiment in "special zones" into a capitalist boom, Shanghai's decrepit state industries stagnated, its infrastructure disintegrated, and its people sulked. The economic revolution wasn't reaching far beyond a few chosen cities. Recalls Li Bo, a Shanghai economist who runs a consulting firm for German companies: "The most popular expression in 1991 was 'Gao bu hao le'--everything's hopeless...

Author: /time Magazine | Title: DENG XIAOPING SET OFF SEISMIC CHANGES IN HIS COUNTRY. . . | 3/3/1997 | See Source »

...economic reform was being introduced in the big cities, so much so that Old Guard Marxists began to decry the "spiritual pollution" of cosmetics and discotheques. But Deng persisted, likening the effect to mere "flies that come through an open window." By the late '80s, however, economic liberalization had spilled uncontrollably into political yearnings; soon labor unrest and student demonstrations for greater freedom panicked Deng. He sacked his popular heir apparent, party chief Hu Yaobang, for pushing political reforms. By this time the only title Deng held was honorary chairman of the Chinese Bridge Association (he had refused all high...

Author: /time Magazine | Title: DENG XIAOPING: THE LAST EMPEROR | 3/3/1997 | See Source »

...some historical truth to this passage, but not to the well-staged, high-impact action sequence that brings the film to an end. In fact, the psychologically devastated survivors of the massacre embraced silence and anonymity until the few still remaining began talking to investigators in the early '80s...

Author: /time Magazine | Title: CINEMA: SHADOWS FROM THE PAST | 3/3/1997 | See Source »

...their technology, which he wanted immediately. Once I brought some books for his beloved grandchildren. Without looking at them, he handed them to an aide and started lecturing me about the need for Washington to lift all export restrictions on modern technologies--not "those of the '70s, but the '80s and '90s," he said fiercely...

Author: /time Magazine | Title: MUCH TOO TOUGH TO BE CUTE | 3/3/1997 | See Source »

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