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...past two years French President FRANCOIS MITTERRAND, 74, has made an unbroken string of political blunders, and now people are beginning to question his ability to understand a rapidly changing international scene. His latest mistake: publicly concluding that Gennadi Yanayev and his co- conspirators were "the men in charge" and calling sanctions "premature." This follows Mitterrand's efforts to broker a peace plan just hours before the deadline for Iraq to withdraw from Kuwait, and his vain / attempt to halt German unification...
...growth for the third quarter, the report indicated just how shaky the economy has become. And consumers, whose purchases account for two-thirds of the GNP, could become increasingly reluctant to spend. The government said last week that the personal income of Americans fell 0.1% in July, breaking a string of five monthly gains...
...What followed was a somewhat pedestrian recital of recommendations for reforming the legal system from the President's Council on Competitiveness, which the Vice President chairs. Many of these ideas represent pro-business leftovers from the Reagan Administration. But Quayle's speech is likely to be remembered for the string of rhetorical questions he asked in conclusion: "Does America really need 70% of the world's lawyers? Is it healthy for our economy to have 18 million new lawsuits coursing through the system annually? Is it right that people with disputes come up against staggering expense and delay...
...most important people at any magazine is the advertising sales director. It's not just that the director supervises selling the ad pages that help us to exist and prosper, but the good ones -- and TIME has been blessed with a string of them -- must have an instinctive feel for the editorial purpose of the magazine and for its role in the marketplace. That's why I'm so pleased to have Cleary Simpson join my publishing team. She knows this magazine inside and out, and she's an accomplished strategic thinker...
...will end artificially subsidized prices and close inefficient state businesses, is likely to cause both inflation and unemployment. After 60 years of Communist insistence that there was no such thing as joblessness in the Soviet Union, the government last week finally admitted that indeed there is and opened a string of unemployment- compensation offices. Pessimists fear that inflation and unemployment will combine to turn back the clock not only on economic reform but on the Soviet Union's nascent democracy as well...