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...upshot, according to TIME's Board of Economists, is this: the increases in productivity, or output per worker hour, that have helped make the U.S. No. 1 again have also laid the groundwork for an unprecedented period of steady growth in output and employment with little inflation. Says Stephen Roach, senior international economist at the investment firm of Morgan Stanley: "Ultimately, that could be translated into the long-awaited improvement in the standard of living of the American worker." But, as he and other board members note, it hasn't happened yet. Making it do so, says Roach...

Author: /time Magazine | Title: We're No. 1, and It Hurts | 10/24/1994 | See Source »

...Germans laid the groundwork for this controversy by starting World War II, which led to food rationing, which led to a European craving for bananas. The English, whose food is barely edible even in peacetime, encouraged banana farming in their Caribbean colonies to guarantee themselves a continuous and secure supply of something fun to eat. The French followed suit...

Author: /time Magazine | Title: On the Money: The Banana Wars | 10/17/1994 | See Source »

...groundwork has been done. A joint Anglo-Irish initiative agreed upon last December provides that Britain and the Republic of Ireland renounce any territorial claims to Ulster and that some sort of self-government be instituted in its six counties. Whether Ulster would eventually merge with the Republic or remain separate would be left to a popular vote in the North sometime in the future. Judging by opinion polls, the North would probably remain separate for some time to come...

Author: /time Magazine | Title: Hope Amid the Rubble | 9/5/1994 | See Source »

...organizers of the conference don't see it that way, but they do admit that the purpose of the gathering is to bring about a radical shift in the world's population policies. For three years, representatives from 180 nations have been laying the groundwork at preparatory meetings, and unlike delegates to previous population negotiations, they invited substantial contributions from women's groups. The result is a tentative plan built around the idea that the key to curbing population is enhancing the status of women around the world. The plan, which has the support of the U.S., calls for channeling...

Author: /time Magazine | Title: Showdown in Cairo | 9/5/1994 | See Source »

...Madeleine Albright said she will begin circulating a resolution among U.N. Security Council members shortly, asking them to allow a U.S.-led force to use "all necessary means" to stabilize Haiti. That's the same phrase used when President Bush approached the Security Council in 1990 to lay the groundwork for the Persian Gulf...

Author: /time Magazine | Title: HAITI . . . U.S. HEDGING INVASION BETS | 7/21/1994 | See Source »

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