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...incident dramatized the uneasy relations between the U.S. and Israel as Washington presses the Israelis to withdraw from Lebanon. Israeli Defense Minister Ariel Sharon added a new element of tension to the situation when he declared last week in a newspaper interview that the Soviet Union and Israel should enter into negotiations. "Come, let us meet," Sharon was quoted by the newspaper Ma'ariv as saying to the Soviets. "[We] have something to talk about." The remark was nonsense, since the Soviet Union and Israel have very little to talk about at the moment. But as Sharon no doubt...

Author: /time Magazine | Title: Middle East If: We Will Do What We Please | 2/7/1983 | See Source »

...diplomats were blameless, just why had Lord Carrington felt the need to resign as Foreign Secretary immediately after the invasion? The report revealed that he had repeatedly warned during his three-year tenure of the dangers of diplomatic stalling. He had also disagreed with Thatcher's decision to withdraw the Royal Navy's survey ship H.M.S. Endurance from Falklands patrol, a move that some believe convinced the Argentine junta that Britain would not resist an invasion...

Author: /time Magazine | Title: Britain: And Now, Fortress Falklands | 1/31/1983 | See Source »

...Israel's strategy may be to delay implementation of the Reagan initiative until a year passes, and then it would be very difficult to implement it. But I have heard from the Israelis several times that they are going to withdraw from Lebanon and that they have no interest in staying there...

Author: /time Magazine | Title: An Interview with Mubarak | 1/31/1983 | See Source »

...million for the fourth quarter, bringing its 1982 deficit to $90.2 million. Just before the stunning announcement, a dozen of the largest U.S. banks, including Wells Fargo, had agreed to make available $1.5 billion in standby credits lest some of Seafirst's large depositors lose confidence and withdraw their money, precipitating a run on the bank...

Author: /time Magazine | Title: Seattle Rescue | 1/31/1983 | See Source »

There are two basic visions of it. Protectionism, in the free trader's eyes: When an economy gets sick, it wants to withdraw from the world. A protectionist psychosis sets in. The invalid retreats into the house and locks the doors and windows and pulls the shades. Hypochondriac, jittery, paranoid, the economic system settles down to feed upon its own inadequacies. It sits in its slippers by the cold furnace and thinks about how well it used to make things, long ago. It disconsolately guzzles Old Smoot-Hawley, far into the night. Then it passes out. Another economy gone...

Author: /time Magazine | Title: Essay: The Protectionist Temptation | 1/10/1983 | See Source »

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