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...critics say it is irresponsible to pretend that Yellowstone and other high-use wilderness areas can thrive on nature alone. "Letting nature take its course here is not based on realistic assumptions," says Alston Chase, author of Playing God in Yellowstone. "What starts as a policy of laissez- faire ends up becoming a policy of massive interference." Chase advocates setting controlled fires to produce the desired mosaic of vegetation, while creating breaks that would prevent natural fires from spreading out of control. "You don't prevent forest fires," says Chase. "You just postpone them by building up fuels. This summer...

Author: /time Magazine | Title: We Could Have Stopped This | 9/5/1988 | See Source »

...Chase is concerned that a backlash to the natural-burn policy may produce the other extreme: the rapid extinguishing of all forest fires. Residents, tourists and area politicians have already sharply criticized the Park Service for waiting too long before moving to contain the latest blazes. "I question the wisdom of sticking to the policy in a year like this, with these severe drought and weather conditions," said Montana Senator Max Baucus, a Democrat. Wyoming Senator Malcolm Wallop, a Republican, agreed, adding his worry about the impact of the fires on the local economy. "We've had a catastrophe...

Author: /time Magazine | Title: We Could Have Stopped This | 9/5/1988 | See Source »

...waiting for disaster to hit, U.S. banks are making substantial progress in reducing their vulnerability to Third World debt. The banks have raised new capital, set aside billions of dollars in reserves to cover possible losses, and sold off some of their shakier loans to investors at deep discounts. Chase Manhattan, for example, has trimmed its Third World loan portfolio in the past year from $6.7 billion to $6.5 billion. Since the bank's capital has been rising, its loans to developing countries have been reduced from 185% of shareholders' equity in 1987 to 150% today...

Author: /time Magazine | Title: Cracks in The System | 8/29/1988 | See Source »

REPORTER- RESEARCHERS: Rosemary Byrnes, Ursula Nadasdy de Gallo, Brigid O' Hara- Forster, Ariadna Victoria Rainert (Department Heads); Audrey Ball, Bernard Baumohl, Peggy T. Berman, Val Castronovo, Nancy McD. Chase, Oscar Chiang, Georgia Harbison, Michael P. Harris, Anne Hopkins, Naushad S. Mehta, Katherine Mihok, Adrianne Jucius Navon, Nancy Newman, Jeanne- Marie North, Susan M. Reed, Elizabeth Rudulph, Alain L. Sanders, Zona Sparks, William Tynan, Sidney Urquhart, Jane Van Tassel, Susanne Washburn (Senior Staff); Wilmer Ames Jr., David Bjerklie, Elizabeth L. Bland, Kathleen Brady, Robert I. Burger, Barbara Burke, Wendy Cole, Tom Curry, Nelida Gonzalez Cutler, Sally B. Donnelly, Andrea Dorfman, David...

Author: /time Magazine | Title: Time Magazine Masthead | 8/29/1988 | See Source »

...raids designed to keep Israeli soldiers on edge. Other confrontations result from provocations by the army and by the Israeli policy of harsh reaction to the slightest sign of rebellion. Says a senior officer in Gaza: "The soldiers must run to every tire burning and stone throwing and chase the perpetrators, even if the chances of catching them are not high...

Author: /time Magazine | Title: Rebellion with A Cause | 8/15/1988 | See Source »

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