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After the cliffhanger vote, Begin was confident that his government could survive for some time. But his aides said he was irritated over the constant byzantine negotiating to which he has to resort every time a no-confidence vote is called. The Prime Minister still hopes to bring the two Telem Party deputies and the three Tehiya Party members into the coalition. Failing that, Begin may have to call new elections, perhaps later this year. But for the next month, he hopes to avoid any actions that might jeopardize his government. He is scheduled to meet with President Reagan...

Author: /time Magazine | Title: Israel: Surviving Another Cliffhanger | 5/31/1982 | See Source »

...repercussions of Chase's refusal to make the interest payment. Officials were very fearful that if Chase persisted, some securities firms might find themselves in a cash squeeze. After the session, the Feder al Reserve issued a statement saying that it "stood ready as a lender of last resort" to help any commercial banks temporarily short of cash. It was the first time since the mini-financial panic following the 1970 bankruptcy of the Penn Central Railroad that the Federal Reserve had put out such a market-soothing statement...

Author: /time Magazine | Title: Wall Street's Panic That Wasn't | 5/31/1982 | See Source »

...that the Communists hestitate to resort to force if "necessary." Arbitrary justice and unfair punishments abound, Butterfield notes, and the labor camp system is just as chilling as the Soviet Union. Struggle sessions, confessions, slave work, and summary execution are the rule in Chinese gulags. Butterfield learned from former prisoners. He is troubled by the failure of Westerners--who have followed closely the terrors of the Soviet gulags--to examine as closely similar excesses of the Chinese system...

Author: By Michael J. Abramowitz, | Title: A Bitter Sea | 5/26/1982 | See Source »

...start an extracurricular program. The problem arises when a program already in existence is terminated on political grounds." A university can therefore decide to "engage" itself in South Africa. ROTC, and Iran for whatever reasons. When forced to deal with the consequences of this engagement, however, it cannot resort to political or moral decision-making. Rather, institutional neutrality should prevail...

Author: By Lawrence S. Grafsten, | Title: View From the Ivy Tower | 5/24/1982 | See Source »

...Galvin: "I well remember when I received my Social Security card. It still bears the name of my employer at the time. And it is one of the few things I have never lost." Says Washington Correspondent Hays Gorey: "It was obtained so long ago I would have to resort to carbon dating to determine when. But I have never forgotten the number." Says Boston Reporter Lisa Towle: "I recall the day my sixth-grade teacher sat the home-room class down and told us it was time to apply for Social Security cards. I felt so proud, though still...

Author: /time Magazine | Title: A Letter From The Publisher: May 24, 1982 | 5/24/1982 | See Source »

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