COVER: The aftermath of the crash reveals an unsettling lack of leadership
When the world needs him most, Reagan seems weirdly lost. Neither Congress nor the 1988 candidates appear ready to take charge. -- Raise taxes? Cut spending? Or what? After years of festering, economic problems are far harder to cure. -- Wildly fluctuating, the market rallies slightly despite a collapse of the dollar. -- Some firms cut back, fearing a recession. See THE CRASH.
NATION: In a surprising flip- flop, Gorbachev agrees to a Washington summit
A week after abruptly refusing to set a date for a meeting,...