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...predicted, Mitterrand would have had little choice but to name as Premier Jacques Chirac, 53, the mayor of Paris and the energetic leader of the R.P.R., the largest opposition party. Chirac had made it clear that if he were named Premier, he, not Mitterrand, would determine the government's basic policies...

Author: /time Magazine | Title: France: The Right's Narrow Victory | 6/21/2005 | See Source »

...coupled with spiraling interest rates had left Mexico $85 billion in debt and forced international bankers to cobble together an emergency rescue plan. The Harvard-trained De la Madrid instituted a painful austerity program that devalued the peso, sharply curtailed imports and cut government spending, including costly subsidies on basic goods and services. In an effort to stimulate future growth, he sold off some state-owned enterprises and invited foreign investment. Now, halfway through De la Madrid's six-year term, another precipitous drop in the price of oil, which is expected to cost Mexico $6 billion in revenues...

Author: /time Magazine | Title: Mexico: An Interview with Miguel de la Madrid | 6/21/2005 | See Source »

...future debt moratorium. One of the basic principles of our foreign policy is the peaceful solution of controversies. We have not considered it useful to foment conflict or confrontation. Mexico believes more in negotiation than in confrontation...

Author: /time Magazine | Title: Mexico: An Interview with Miguel de la Madrid | 6/21/2005 | See Source »

...most aggressive of Ma Bell's offspring has been Philadelphia-based Bell Atlantic. Its businesses outside the basic telephone field, which include a computer-repair chain and a financing operation, accounted for $427 million of the company's $9.1 billion in revenues for 1985. Bell Atlantic executives hope to branch out even further, by entering the property-and-casualty insurance business...

Author: /time Magazine | Title: Putting Out Lines in All Directions | 6/21/2005 | See Source »

...creating a new generation of illiterates." With those words, Robert Barnes, an official of the U.S. Department of Education, last week released a chilling analysis of a basic literacy test given by the Bureau of the Census to 3,400 Americans age 20 and over. Thirteen percent flunked the test, able to answer only 20 or fewer of the 26 multiple-choice questions. (Sample: Don't allow your medical identification card to a) be used b) have destroy c) go lose d) get expired by any other person.) "It was a pretty simple test," notes Barnes dryly...

Author: /time Magazine | Title: Education: Losing the War of Letters | 6/21/2005 | See Source »

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