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Under ordinary circumstances, it would have been unthinkable. A group of Saudi commoners telling their prince outright that the country needed to be shaken up? Preposterous. But these are extraordinary times, as the small group of businessmen pointed out during a meeting two weeks ago with Prince Salman, governor of Riyadh and younger brother and confidant of King Fahd. "This is the biggest challenge we have ever faced," said one entrepreneur, mindful of the menacing forces of Saddam Hussein gathered just 300 miles to the north. Said another, summoning his courage: "We have to confront our internal issues...

Author: /time Magazine | Title: The Gulf: Lifting The Veil | 9/24/1990 | See Source »

...matters, the group asserted, demanded urgent attention. First, the nation's defenses must be stiffened. Prince Salman nodded in agreement. Second, the businessmen said with some trepidation, the people of Saudi Arabia must have a greater say in the affairs of the land. The prince, reported one participant, listened to this second petition, "but he didn't like what he heard...

Author: /time Magazine | Title: The Gulf: Lifting The Veil | 9/24/1990 | See Source »

...addition to the national trends, there are simply fewer Republicans in Massachusetts and precious few in prominent, elected or public positions who could step into a congressional race and offer a credible challenge. Instead they tend to come from the private sector, like lawyer John Soto challenging Frank or businessmen Daly and Rappaport in the Senate race...

Author: NO WRITER ATTRIBUTED | Title: Congressional Races Remain Slow | 9/17/1990 | See Source »

...free-enterprise zone." Seoul and Tokyo would be only about an hour away by air -- if international flights were allowed to land here. But Vladivostok is home to the Soviet Pacific fleet, and the naval high command is more concerned with keeping out spies than with $ letting in businessmen -- or any other foreigners. To permit last week's conference, Shevardnadze had to enlist Mikhail Gorbachev's help in overruling the Ministry of Defense...

Author: /time Magazine | Title: The Gulf: America Abroad: Welcome to Yeltsin Country | 9/17/1990 | See Source »

What the press had dubbed the City of London's "trial of the century" ended last week in the conviction of four of Britain's most prominent businessmen. Former Guinness PLC chairman Ernest Saunders was sentenced to five years in prison for masterminding an illegal operation to boost the stock price of the famed $11.6 billion brewing and distilling group and thus helping the company win its successful $5.23 billion takeover battle for Distillers, the Scottish liquor maker. Investigators first became aware of the Guinness scheme, described as one of the biggest financial scandals in British history, when U.S. inside...

Author: /time Magazine | Title: CRIME: No Longer a Stout Fellow | 9/10/1990 | See Source »

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