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...Banco Latino's takeover by the government, arrest warrants were issued for 82 of its directors and managers; many were believed to have fled the country. As bank after bank failed, the wanted list swelled. While some of the bankers turned themselves in and were released on bail to await formal indictments and trials, several set up in Miami. Among them: - Ricardo Cisneros, a former Banco Latino director who with his brother Gustavo runs Grupo Cisneros, a multibillion-dollar conglomerate that owns, among other things, the Spalding sporting-goods company. Cisneros, who is charged with fraud, contends that...

Author: /time Magazine | Title: BANKING: WE'RE ALL GOING TO PAY | 2/20/1995 | See Source »

...stage is set, and the divine vehicle arrives--a shiny red Saab convertible. The deity's muses, those fourteen drag queens, surround the Saab like the presidential Secret Service. We await for Catwoman's descent from the heavens...

Author: By Patrick S. Chung, | Title: The Rise and Fall of a Goddess | 2/16/1995 | See Source »

Brandeis may have been correct that the states are better able to experiment in search of novel public-policy solutions. But most public-policy dilemmas of today do not await novel solutions. They await the simple will to make unpleasant tradeoffs between our desire for government services and our desire not to pay for them. The notion that there is some novel solution out there waiting to be discovered -- one that avoids the need for such trade-offs -- is a childish fantasy...

Author: /time Magazine | Title: The Case Against the States | 1/16/1995 | See Source »

...France's top military school but a man who some of the commando veterans felt had been prematurely promoted and was thus unprepared to lead a dangerous mission. The gendarmes' plane put down in Spain, at the airport of Palma de Mallorca, 200 miles north of Algiers, to await developments. The squad learned that the Algerians would not allow it on their soil...

Author: /time Magazine | Title: Algeria: Anatomy of a Hijack | 1/9/1995 | See Source »

...cautioned: not everyone gets what they want. Surely more than a few lumps of coal await these guys, but just remember--betting on who's naughty and who's nice, just like reprinting this column without the expressed written consent of Major League Baseball, is strictly prohibited...

Author: By Darren Kilfara, | Title: All I Want From Santa Is... | 12/17/1994 | See Source »

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