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First the U.S. hectored Japan, then West Germany, for shipping too many exports to the U.S. Now the Reagan Administration is taking aim at new culprits: a group of fast-growing Asian economies. The "Four Tigers," as South Korea, Hong Kong, Taiwan and Singapore are known, posted a $38.4 billion trade surplus with the U.S. last year, up more than 20% from 1986. To narrow ( the gap, U.S. officials have tried, with little success, to persuade the four to strengthen their currencies relative to the U.S. dollar, so that their exports would no longer be such bargains to U.S. consumers...

Author: /time Magazine | Title: TRADE: Roaring Back At the Tigers | 2/8/1988 | See Source »

...Costa Rica, Nicaraguan security agents in Managua arrested four prominent opposition leaders as suspects in an alleged CIA conspiracy. Opposition sources saw the move as a sign that hard- line Interior Minister Tomas Borge Martinez was unhappy with the concessions being made at the peace talks. And Ortega's aim was not purely altruistic. His main goal, apparently, was to ensure that the U.S. Congress turns down a Reagan Administration request next month for some $150 million in new contra aid. By agreeing to take the very steps sought by Washington and Nicaragua's neighbors, Ortega sought to show that...

Author: /time Magazine | Title: Central America Giving Peace Another Chance | 1/25/1988 | See Source »

...aim is nothing less than a definitive survey of the nation's most pervasive and powerful communications medium. It is a venture rich with possibilities and fraught with pitfalls. TV has traded so wantonly in its past -- from documentary retrospectives on the so-called Golden Age to those proliferating "reunions" of old series -- that each new look backward has a tougher job justifying its existence. Dusting off the old kinescopes again is not enough. "All too often," Newman comments at one point, "television is an eye but not a brain." Unfortunately, the same is true of this briskly watchable...

Author: /time Magazine | Title: Video: How Tv Got from There to Here | 1/25/1988 | See Source »

North Korea's anger over the games was dramatically underscored last week when South Korean officials formally charged their Communist neighbor with blowing up a Korean Air Lines jetliner in November "with the aim of discouraging foreign countries from participating in the Seoul Olympics." KAL Flight 858, with 115 people aboard, vanished off the Burmese coast; wreckage was later found floating in the Andaman...

Author: /time Magazine | Title: Sport: The Games Nations Play | 1/25/1988 | See Source »

...high-security Dusseldorf courtroom, Lebanon-born Abbas Hamadei went on trial last week in a proceeding watched closely by Western governments. Hamadei, 29, is charged with kidnaping West Germans Rudolf Cordes and Alfred Schmidt in Beirut a year ago. His alleged aim: to bargain for the release of his brother Mohammed, 23, who is awaiting trial in Frankfurt for the June 1985 hijacking of a TWA jet and the murder of one of its passengers, U.S. Navy Diver Robert Stethem...

Author: /time Magazine | Title: Trials: Intimidating Tactics | 1/18/1988 | See Source »

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