Word: almosts
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Dates: during 1980-1989
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Over the past two weeks, U.S. law-enforcement authorities have seized almost 35 tons of cocaine destined for the streets of America. A much bigger blow could be struck against the drug trade, however, if ways could be found to seize the cocaine cartels' funds. U.S. Assistant Treasury Secretary Salvatore Martoche said last week that the Bush Administration would move in that direction by trying to track the billions of dollars in electronic money transfers that move in and out of the U.S. each day. The goal: to identify and perhaps confiscate at least some of the more than...
...elephants. From the powerful woolly mammoths that dominate prehistoric cave paintings to the soulful Babar of children's stories, these partisans of the order Proboscidea have captivated us with their gentleness and awed us with their strength. Unfortunately for the elephant, however, the world's affection for ivory is almost as ancient and as great. Today the voracious appetite for the tusks of African elephants -- particularly in the Far East -- threatens to eradicate this noble species. TIME correspondent Ted Gup chronicles the danger in this week's cover story on the ivory trail...
...size of Trump's bid drew gasps as well, since it was the most ever offered for an airline and was almost 50% higher than the price of AMR shares just before the bid. But the airline industry is in the grip of takeover fever. After fending off bids from Los Angeles oilman Marvin Davis, the management and employees of No. 2-ranked United in Chicago are attempting to take their company private for an estimated $6.7 billion. And last June an investor group led by Los Angeles financier Alfred Checchi paid $3.6 billion for No. 4-ranked Northwest Airlines...
Although Bakker will almost certainly not get the maximum penalty (120 years and $5 million in fines) when he is sentenced Oct. 24, he is likely to spend time behind bars. Potter had earlier meted out a tough eight years in prison and a $200,000 fine to former Bakker aide Richard Dortch, even though Dortch testified for the prosecution. Two other staffers who provided evidence drew draconian prison terms for tax evasion...
...whose fiscal policy is so paralyzed by political rivalries that its national debt is equal to its gross domestic product (vs. only 50% for the U.S.); whose debt problem is so out of hand that interest payments alone amount to 8% of GDP. Compared with this, the U.S. seems almost a model of fiscal probity...