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American companies have long viewed doing business with the Soviet Union as a dubious proposition, given the stormy politics of the superpower relationship. But under perestroika, General Secretary Mikhail Gorbachev's campaign to revitalize his country's economy, the Soviets are trying to attract American know-how to help step up the tempo of development. Encouraged by their overtures, dozens of U.S. companies -- among them Honeywell, Occidental Petroleum and Archer Daniels Midland -- are forming joint ventures in the Soviet Union...

Author: /time Magazine | Title: Perestroika To Pizza | 5/2/1988 | See Source »

...matter what Dukakis does, the home folks are rooting for their favorite son. "We would like to have two Michaels running the world: Michalis of the United States and Mikhail of the Soviet Union," says Stephanou. "And, of course, if he becomes President, I will go as president of the village to America for a summit of the Presidents...

Author: /time Magazine | Title: Rooting for Michalis | 5/2/1988 | See Source »

...signs of a struggle within the Kremlin seemed unmistakable. For more than six months, thinly veiled attacks on Soviet Leader Mikhail Gorbachev's policies had been growing bolder. No one outside the ruling Politburo, however, could know for certain the strength of the General Secretary's opponents in what Moscow insiders called the battle for perestroika -- Gorbachev's term for the radical economic restructuring he is trying to carry out. Was Gorbachev's authority being seriously challenged? Or did the criticism exchanged in coded speeches and press articles amount to no more than a difference in emphasis between officials pursuing...

Author: /time Magazine | Title: Soviet Union Clash of the Comrades | 5/2/1988 | See Source »

Even as tensions heightened between the Israelis and Palestinians, there were some intriguing developments in Moscow. General Secretary Mikhail Gorbachev told Arafat two weeks ago that there would be no peace in the region until the P.L.O. took Israel's security requirements into account -- unusually tough instructions to a man who has refused to publicly acknowledge Israel's right to exist. Several days later, reports surfaced that Soviet Foreign Minister Eduard Shevardnadze would soon visit Syria, Jordan and possibly Egypt. Rumors flew about a stopover in Israel, but the absence of diplomatic relations between the two countries make such...

Author: /time Magazine | Title: Middle East Gunned Down in Tunis | 4/25/1988 | See Source »

...incidents, at the Geneva summit in 1985, Mikhail Gorbachev seemed to be getting the better of Reagan in quotesmanship, Speakes recalled in a phone interview last week. As he rode along frigid Lake Geneva in his car, he searched his notes for a good Reagan quote to feed the ravenous media. He knew Reagan's reasons for going to the summit. He knew he could put them into words the President would approve. Propelled by the intensity of the moment and his sense of power, he slid into deceit...

Author: /time Magazine | Title: The Presidency: Speaking out of Turn | 4/25/1988 | See Source »

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