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...toward 3%, a postwar high. In April the Reagan Administration slapped a 100% tariff on $300 million worth of Japanese electronics goods in retaliation for alleged trade misdeeds, which seemed to belie any special relationship between the two leaders. Then two weeks ago the Japanese parliament forced Nakasone to withdraw a cherished plan to impose a sales tax. The controversial measure was part of a broad effort to stimulate the economy by reforming the tax system. The setback placed the Prime Minister in desperate need of a foreign policy triumph to help keep him in office until his term ends...

Author: /time Magazine | Title: Diplomacy Playing It Cool | 5/11/1987 | See Source »

Lawyer Steven Lerman, who represents WYSP, put it most succinctly: "What was protected speech yesterday is not protected speech today." Yesterday's innuendo, he suggests, is today's indecency. Yet Lerman predicted that because the FCC has the singular power to bestow and withdraw licenses, broadcasters will be reluctant to jeopardize their franchises by testing the agency's ruling in court...

Author: /time Magazine | Title: Radio Daze The FCC tries to clear the air | 4/27/1987 | See Source »

...peace conference. Labor Party leaders, including Foreign Minister Peres, Defense Minister Yitzhak Rabin, Minister without Portfolio Ezer Weizman and former Foreign Minister Abba Eban, have endorsed the idea, but Likud leaders have so far rejected the proposals and Prime Minister Yitzhak Shamir has recently renewed his commitment not to withdraw from any portion of the occupied territories. It may be necessary ultimately for the Israeli public to resolve these differences through early national elections...

Author: /time Magazine | Title: Middle East: Time for Negotiations | 4/20/1987 | See Source »

Texaco left itself an escape hatch. Officials said that if a settlement was reached soon or a large reduction of the bond granted, then the company could withdraw or suspend the bankruptcy filing. In other words, Texaco could be using its bankruptcy as the ultimate pressure tactic against Pennzoil. Liedtke flew to New York City on Sunday...

Author: /time Magazine | Title: Texaco's Star Falls | 4/20/1987 | See Source »

Sofaer has consistently interpreted international law to justify activist, unilateral action by the U.S. He offered the justification for using force against nations harboring terrorists in what has become known as the "Shultz Doctrine." He supported the Administration's widely criticized decision to withdraw partly from the jurisdiction of the International Court of Justice after the court ruled against U.S. support for the Nicaraguan contras. "The U.S. is supposed to be building up international law, not destroying it," says Mark Feldman, a Washington attorney and former staffer in the legal adviser's office...

Author: /time Magazine | Title: George Shultz's Feisty Lawyer Abraham Sofaer draws fire as State Department legal adviser | 4/6/1987 | See Source »

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