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...Eastern Air Lines, which has struggled in bankruptcy since March 1989, closed down after 62 years of flying. The carrier, which has 18,000 employees, was forced to halt operations because of a cash shortage and lack of any buyers. Since December, Continental and Pan Am have filed for Chapter 11 protection...

Author: /time Magazine | Title: Economic Fallout: A Break from the Gloom | 1/28/1991 | See Source »

...repercussions of Desert Storm, however, will be far more than a footnote to a glorious chapter of U.S. military history. "The only reason to make war is to make peace at the end," says Mohamad Milhem, an executive-committee member of the Palestine Liberation Organization. "If at the end there is instability and no peace, what is the point in making war?" The shape of the postwar order will depend to a great extent on how the various parties embroiled in the conflict survive the cataclysm of the battle...

Author: /time Magazine | Title: The Consequences: What Kind of Peace? | 1/28/1991 | See Source »

When financially emaciated Pan Am was looking for a well-heeled partner, few carriers were courting the airline. But as soon as the venerable company filed for Chapter 11 protection last week, competitors were suddenly flocking to bankruptcy court. Rival carriers Delta, Trans World and Northwest all expressed interest in buying some part of the bankrupt airline. Even show-biz financier Kirk Kerkorian made an offer, promising to provide as much as $50 million in emergency financing. But bankruptcy judge Cornelius Blackshear rejected all the bids as latecomers...

Author: /time Magazine | Title: AIRLINES: I'll Take a Wing, Please | 1/21/1991 | See Source »

President Carlos Saul Menem wanted to "close a black chapter" in Argentina's history. But his decision last week to pardon ex-President Jorge Videla and half a dozen other leaders who had been jailed in 1986 for their role in Argentina's "dirty war" in the late 1970s only rekindled popular outrage. Nearly 50,000 citizens took to the streets of Buenos Aires to protest, and Bishop Jorge Novak called the measure a "humiliating defeat for the democratic system...

Author: /time Magazine | Title: ARGENTINA: No Peace in The Dirty War | 1/14/1991 | See Source »

Joshua M. Sharfstein '91 had a thesis chapter due two days...

Author: By Joshua M. Sharfstein, | Title: esis Thesis Thesis Thesis Thesis The | 1/4/1991 | See Source »

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