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...falling dollar can also mean higher interest rates, and this is where the federal deficit comes into play. The U.S. government is already $4.5 trillion in the red, and every year it has to borrow another $200 billion or so by selling bonds. A hefty chunk of this sum comes from foreigners, and they were not born yesterday. Seeing the dollar in decline, they sense that our plan is to pay them back with devalued money. So they stop buying our bonds, and the only way we can lure them back is with higher interest rates that affect everyone. Thus...

Author: /time Magazine | Title: On the Money | 7/4/1994 | See Source »

...gardens of the presidential palace in Kigali, a chunk of fuselage lies in an ornamental pool. Passenger seats litter the once manicured lawn. A tail wing juts through banana leaves. This is ground zero of Rwanda's carnage, where the bloodletting that has taken more than 200,000 lives had its catalyst. On a quiet evening two months ago, a French-made Mystere-Falcon carrying President Juvenal Habyarimana of Rwanda and the President of Burundi from peace talks in Tanzania was hit by rocket fire and slammed into the earth just outside the compound, killing all 10 on board...

Author: /time Magazine | Title: Dispatches: Welcome to Ground Zero, Rwanda | 6/20/1994 | See Source »

...Ticketmaster are valid, law- enforcement officials are trying hard to curb the far more significant problem of illegal ticket scalping. According to authorities, organized crime is deeply involved in the illicit reselling of tickets. When a $25 ticket can ultimately sell for $500, the difference amounts to a large chunk of untraceable cash -- a phrase that is pure music to a mobster's ears. Police sources told Time last week that the Mob runs some scalping operations in New York and other large cities. Blocks of tickets earmarked by performers for charities such as impoverished youth groups, for example...

Author: /time Magazine | Title: Rock 'N' Roll's Holy War | 6/20/1994 | See Source »

Forty new professorships are planned, and perhaps a large chunk will go to fund engineering sciences and computer science faculty, not traditional areas of strength at Harvard...

Author: By Jonathan N. Axelrod, | Title: What Harvard Will Do With Its $2.1B | 6/9/1994 | See Source »

...circling the trauma room. Dr. Marion Jenkins, now 76, remembers that in the minutes after the shooting, "I noticed that she was carrying one hand cupped over the other hand. She nudged me with her left elbow and then with her right hand handed me a good-sized chunk of the President's brain. She didn't say a word. I handed it to the nurse. Then they led her out of the room again...

Author: /time Magazine | Title: Jacqueline Onassis: A Profile in Courage | 5/30/1994 | See Source »

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