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...they are now in better shape than they were in the aftermath of the 1973-75 recession. That downturn cost the banks $10 billion in losses on loans to speculative real estate ventures that went bust. This time around, the banks were more cautious about land deals. Says Willard Butcher, chairman of Chase Manhattan: "We mightn't be the brightest guys in town, but we aren't dumb enough to do it twice...

Author: /time Magazine | Title: Bankers Are Smiling, Warily | 11/1/1982 | See Source »

...Oroville, Calif., Greg Blagg, 27, a butcher in a meat market owned by his father, told a strange story. He said that on Sept. 30, the same day that the first Chicago-area poisonings became public knowledge, he had taken three capsules of Extra-Strength Tylenol from a bottle that his wife Terry had bought two weeks earlier. "Everything became very blurry," he related. "I'm told I passed out and became real rigid." Terry got him to a hospital, where he was treated for four hours and then released at his own request. Back home, Blagg related...

Author: /time Magazine | Title: Murder by Remote Control | 10/18/1982 | See Source »

...meeting to plot a demonstration against Robert S. McNamara's 1966 visit to Quincy House, Kornbluth recalls "trying to figure out some way to sneak human limbs out of the lab so we could throw them at McNamara and rejecting all suggestions that we settle for bones from the butcher shop and chicken blood--'no symbols,' I said." There are always wild-eyed revolutionaries at Harvard, but this was the vice-president of the staid Signet Society, the managing editor of the Advocate...

Author: By Michael W. Miller, | Title: Living in the Past | 9/27/1982 | See Source »

...Masselli was murdered the night before his father William ("Billy the Butcher") Masselli, 55, was to appear before a New York grand jury investigating new charges against Donovan. The Massellis were embroiled in a financial dispute with some Mob-connected business associates, and conceivably that could have been the reason for the rubout. But some law enforcement sources thought it was more likely that Nat Masselli was killed in retaliation for cooperating with Silverman or as a warning to the elder Masselli to keep his mouth shut...

Author: /time Magazine | Title: More Troubles for Donovan | 9/13/1982 | See Source »

...head and fired a single shot. The Continental swung out of control and smashed into a parked car. The assassin jumped out and climbed into a trailing red Buick LeSabre, which then sped away. But the victim happened to be Nat Masselli, 31, son of Mobster William ("Billy the Butcher") Masselli, 55. And that made the hit something special...

Author: /time Magazine | Title: Message for a Mobster | 9/6/1982 | See Source »

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