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...June a "new industrial policy" was added that abolished import quotas and removed bureaucratic red tape, and aims to slash high tariffs over the next five years. The move effectively ended an indulgent era of high tariffs and import quotas, during which duties ranged up to 105% and imports of 1,200 goods were prohibited outright. Still to be tackled is the thorny issue of foreign debt. Since Brazil stopped payments, arrears of $7 billion have accumulated, taxing the patience of creditors...

Author: /time Magazine | Title: Brazil The Biggest Shake-Up | 8/6/1990 | See Source »

...Rusk never apologized, rarely explained and, after leaving office in 1969, even declined to write his memoirs. Alienated by that flintiness -- and by the war -- Rusk's son Richard fled home in 1970 for a succession of dead-end jobs in Alaska. He returned 14 years later with a tape recorder and a determination to make his father talk. The result is an affecting mix of diplomatic memory and filial rediscovery...

Author: /time Magazine | Title: Books: Ghost Dad | 7/30/1990 | See Source »

...that is about all the government has done to ease the crisis. Even before the immigrant influx, outdated building methods and excessive governmental red tape had combined to create a housing shortage. It takes nearly 26 months on average to build a new dwelling. An estimated 80,000 new apartments will be needed by the end of 1991, yet the government has budgeted only enough money to build 20,000. In an effort to make up for lost time, on July 1 Sharon got government approval for emergency powers to speed up construction...

Author: /time Magazine | Title: Israel There's No Place Like Home | 7/30/1990 | See Source »

Chastened, I decided to cut out the lag time between interview and publication. I called Marty Zweig, another market star, who updates his tape- recorded advice daily. The Dow had just closed down 34 points the Friday before Memorial Day, and I wanted to know whether the bear was back. "The market does not go down prior to holidays all that often," Zweig's tape explained, "but when it does, the odds are about 7 out of 8 that the next day will be lower." It shot up 49 points...

Author: /time Magazine | Title: Money Angles: Sleepy, Dopey, Crashful & Co. | 7/30/1990 | See Source »

Finally, a team official who had heard of my plight offered to let me use the team's direct line. The phone was in a pitch-black lockerroom. I could barely make out a piece of masking tape reading "Lynn Calls Only." Somehow, my story went through. Just five minutes over deadline. Just one minute before I was kicked out of the clubhouse...

Author: By Michael R. Grunwald, | Title: Welcome to the Minor Leagues | 7/17/1990 | See Source »

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