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...banks refused to comment. Kim told TIME that "if layoff of workers is necessary, then that is what we will do." And he has warned the chaebols that if they don't reform, he will do it for them. "It is sure to be a year on the brink of catastrophe or rejuvenation," he said in his New Year's message. "The pain of overcoming our difficulties must be borne...

Author: /time Magazine | Title: The Asian Crisis: The Rubin Rescue | 1/12/1998 | See Source »

...Mutual Life Insurance Co., which owns 50% of the ski operations, and the Canadian Imperial Bank of Commerce, which has 10%. Says Gillett, who has a hard time containing his optimism: "The demographics are with us. Skiing is at the same point it was 25 years ago--at the brink of another great growth period." The only thing he's missing, he concedes, is a signature resort like Vail...

Author: /time Magazine | Title: SKI MOGUL GEORGE GILLETT: KING OF THE HILL | 12/29/1997 | See Source »

...officials believe that the killers, rebels against the Rwandan Tutsi government of Paul Kagame, fled west back to bases in Congo -- a disheartening prospect since border-crossing raids brought Rwanda and then-Zaire to the brink of war in 1996. Kagame's solution then was drastic: lending military and financial support to the bush rebellion of Laurent Kabila, which swept westward across Zaire to the capital of Kinshasa and renamed the country Congo with Kabila as its new president...

Author: /time Magazine | Title: More Killing in Rwanda | 12/11/1997 | See Source »

...start of the play. One cannot help but love the funny old men as they prepare to dance in the mountains near the Bacchae, particularly Kadmos in his dress straight out of "Prom Night Horror." When they have to, however, both can instantly become powerful leaders on the brink of destruction. LeBow's Tiresias sends chills through the audience with his dark fore-shadowings to the giggling Maenads. Likewise, the perpetually-talented Epstein manages to make his bitter tirade against Agave ring with the pain of a noble ruler disappointing his people, yet he also lashes out in furious anguish...

Author: By Sarah A. Rodriguez, CRIMSON STAFF WRITER | Title: Mighty Morphin Power Maenads: | 12/5/1997 | See Source »

...piloting of the airline, he gets a scowl on his face and pulls out two yellow, legal-size pages of scrunched-up notes to defend his record there from 1989 to 1993. Critics charge that he took the once profitable carrier, burdened by debt from the LBO, to the brink of bankruptcy. Checchi used his charisma to extract some $800 million in union concessions and an additional $837 million in state and local bonds, subsidies and tax credits--while earning $32 million in management and investment fees for his outside firm...

Author: /time Magazine | Title: CAN'T BUY ME LOVE? | 12/1/1997 | See Source »

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