  Measurements of the cosmic ray pbar/p ratio are compared to predictions from
an inhomogeneous disk-diffusion model of pbar production and propagation within
the Galaxy, combined with a calculation of the modulation of the interstellar
cosmic ray spectra as the particles propagate through the heliosphere to the
Earth. The predictions agree with the observed pbar/p spectrum. Adding a finite
pbar lifetime to the model, we obtain the limit tau_pbar > 0.8 Myr (90 % C.L.).
