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...aircraft shot down one MiG; the other fled to Iran. Iraqi officials blasted the incident as "blatant aggression." President Bush said the shootdown was consistent with the need to enforce U.N. resolutions, and President-elect Bill Clinton gave him solid support. A day later, even as the U.S. aircraft carrier Kitty Hawk was diverted from Somalia to the Persian Gulf, Iraqi warplanes violated the zone again, but retreated when U.S. fighters approached...

Author: /time Magazine | Title: Iraqi Miscalculation | 1/11/1993 | See Source »

...principal carrier for the disease so far has been raccoons, and their presence makes Cambridge a likely place for a rabies outbreak, McCabe said...

Author: By Anna D. Wilde, CRIMSON STAFF WRITER | Title: Possible Outbreak of Rabies Threatens City of Cambridge | 1/4/1993 | See Source »

...plague also hobbled tennis immortal Arthur Ashe. And Magic, whose familiar flair in this year's N.B.A. All Star Game and at the Olympics proved there is life after HIV, put off an intended comeback after $ players said they felt at risk in close contact with an AIDS carrier. These stories confirm that sport, once a refuge from matters of life and death, is now a window into them...

Author: /time Magazine | Title: The Best of 1992 | 1/4/1993 | See Source »

...FINANCIER Carl Icahn once sent chills through corporate boardrooms. That was before he got into the airline business. After seven long years of trying to make a go of TWA, Icahn has announced that he is giving up. As part of a reorganization plan that should enable the battered carrier to emerge from Chapter 11 bankruptcy protection early next year, Icahn agreed to provide $615 million in cash, loans and pension-fund guarantees. The deal will put the shrunken carrier on sounder financial footing, though it remains to be seen whether TWA can survive the dogfights still pounding larger...

Author: /time Magazine | Title: Even Icahn Gets The Blues | 12/21/1992 | See Source »

...financing and cancellation or delay of a whopping $6.2 billion in orders for new aircraft. And just a week after industry leader American Airlines was forced to let go 576 of its managers, Delta chairman Ronald Allen conceded that layoffs and pay cuts may be necessary at his carrier too. Perhaps the most dramatic evidence of the industry's deepening distress is TWA's decision in effect to call in the cavalry. Chrysler chairman Lee Iacocca, who will retire at the end of this month from the company he once saved, is considering taking on the resurrection...

Author: /time Magazine | Title: Even Icahn Gets The Blues | 12/21/1992 | See Source »

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