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Cuba's growing alienation from the rest of the communist world threatens an end to the aid and favorable trade arrangements that have kept its lame economy hobbling along. -- Across Asia, Africa and the Middle East, other regimes also confront a money squeeze as Soviet funds dry up. -- With his...

Author: /time Magazine | Title: Time Magazine Contents Page | 3/5/1990 | See Source »

He succeeded beyond his wildest dreams, in the process flipping ordinary notions of national politics upside down. For once, Democrats were in the position of presenting themselves as tax cutters. But after initially expressing interest in Moynihan's plan, many Democrats by last week were giving it a wary, and...

Author: /time Magazine | Title: Dirty Little Secret | 2/19/1990 | See Source »

The slowdown is already undermining the credibility of the Bush Administration's first full-fledged budget, which calls for expenditures of $1.23 trillion in fiscal 1991. Budget Director Richard Darman was able to squeeze under the Gramm-Rudman-Hollings deficit target of $64 billion but only by using assumptions that...

Author: /time Magazine | Title: Better Watch Out | 2/12/1990 | See Source »

Even if the eight-year-long Reagan recovery limps through 1990, credit contraction and stagflation will leave many casualties. The most exposed sector is corporate America, particularly its most leveraged members. The Bush budget assumes that pretax corporate profits this year will rise almost 20%, to $360 billion. But forecasters...

Author: /time Magazine | Title: Better Watch Out | 2/12/1990 | See Source »

Soon a more European-influenced "bridge generation" expanded the style by incorporating more autobiographical references and symbolism into its painting. Nathan Oliveira, who admired the work of Alberto Giacometti and Francis Bacon, gave his lumbering figures an existential thrashing on splattered, paint-encrusted surfaces. Paul Wonner could capture precise facial...

Author: /time Magazine | Title: Art: The San Francisco Rebellion | 2/5/1990 | See Source »

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