Word: historicization
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China's Deng Xiaoping, TIME's Man of the Year in 1978, boldly delivered on his promises to open the Chinese economy and bring the world's most populous nation into the political and economic mainstream. The reforms that had allowed a small degree of capitalism and entrepreneurship in the...
Treasury Secretary Donald Regan made that stunningly blunt remark last February in an effort to disown the 330-page annual report issued by the President's Council of Economic Advisers. The study had warned about the danger posed by the Administration's huge budget deficits. The White House...
The Bhopal disaster was both a human tragedy of historic proportions and a nightmare for one of the largest and best-known U.S. corporations. The horrible dimensions of the accident last week stunned Union Carbide's executives, employees and shareholders. Jittery investors dumped the company's stock, which...
Even without other historic performances, the rest of the men's squad had quite a meet. Despite competing without many distance runners, the thinclads took first place in every event but the weight throw, shot put, 800, and the relays.
It was something of a historic moment last week when the red, white and black flag of Iraq was raised on P Street in Washington. An Iraqi-owned building, used for unofficial diplomatic and commercial tasks, was converted into a full-fledged embassy as the U.S. resumed formal relations with...