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...Menem. But since the President- elect has yet to define a concrete economic plan, the situation seems bound to deteriorate further. Even Argentina's generals, who have never been shy about staging coups before, appear reluctant to intervene for fear of saddling themselves with the blame for economic ruin. "We are in a process of decline," says Federico Zorraquin, president of the Banco Commercial del Norte. "No one knows where it will...

Author: /time Magazine | Title: The Fall and Fall of Argentina | 6/12/1989 | See Source »

...most vicious reminder yet of Noriega's arrogant lawlessness. For more than a year, Noriega has ignored two U.S. indictments accusing him of complicity in the international drug trade. He has jailed or deported opponents, destroyed the sprigs of a free press, and watched his country slide into economic ruin rather than give up the whips of power. Nonetheless, Noriega outdid himself last week by stealing an election so brazenly that, in the words of Venezuelan President Carlos Andres Perez, it amounted to "a coup d'etat...

Author: /time Magazine | Title: Lead-Pipe Politics | 5/22/1989 | See Source »

...resulting wealth, says Reynolds, ignited the flames of family ruin. Despite the author's wooden narration, he portrays a cast of heirs straight out of Dynasty: wastrels, alcoholics and eccentrics who became entangled in sordid divorces and murky crimes. Patrick's uncle Smith Reynolds, a daredevil pilot, died of a gunshot wound and was deemed a suicide. The author suggests that his uncle's second wife actually did the deed. Patrick Reynolds rarely saw his father, R.J. (Dick) Reynolds Jr., a chain smoker and heavy drinker who married four times and died at 58 of emphysema...

Author: /time Magazine | Title: Tobacco Road's Dirty Ashtrays | 4/24/1989 | See Source »

...planners fault. From my experience, any event in the Union is doomed to failure. Which the "Reunion at the Union" was. The nominal purpose of Senior Events is for the seniors to get together for their last fling and have a great time before our relatives come in and ruin it at Commencement with their drippy sentimentality, boring reminiscences and insipid advice...

Author: By Rob Greenstein, | Title: Hitting the Champagne Crunch | 4/17/1989 | See Source »

...table?" went a Polish joke making the rounds as the talks got under way. Answer: "Because the world spitting record is only 15 ft." In the end, however, the two sides managed to craft a new political order intended to save their country from economic ruin and social chaos...

Author: /time Magazine | Title: Diplomacy Moscow Scales Back | 4/17/1989 | See Source »

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