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...arrangement with 19 banks representing 300 private creditors. The lenders will choose among six different ways to ease Brazil's burden of $44 billion owed to private banks. Those electing to take smaller payments of principal or interest will get Brazilian government guarantees that they really can collect the remaining amounts...

Author: /time Magazine | Title: Debt Bomb Defused? | 7/20/1992 | See Source »

Just when airline passengers were beginning to miss those great fare-war bargains, they learned that they are about to collect $400 million more in benefits from American, United, Delta and USAir. The four carriers agreed to pay the money out in the form of consumer discounts to settle their part of one of the largest class-action lawsuits in history. Along with several other airlines, some of which are now bankrupt or have discontinued operations, they had been charged with price fixing...

Author: /time Magazine | Title: Frequent Flyer Bonus | 7/6/1992 | See Source »

...most trustedconfidante through that whole year, brought meback to reality every time I called him in acrisis. School is a pressure cooker, he told me.Bailing out of Harvard was not going to be myelixir, but it couldn't hurt to go home, eat somehome-cooked apple pie and collect my thoughts, ifthat was what I wanted to do. One day after RobertKiely's English class, I got up to leave, stunnedby his eloquent lecture and, again, frustrated bymy inability to concentrate and utilize thiswealth of intellectual opportunity. I shuffled outwith Charmaine and, as we passed through the doorof Emerson...

Author: NO WRITER ATTRIBUTED | Title: A Slice of Life | 7/3/1992 | See Source »

...NAME, RANK and serial number for identification date to the early part of the century, when battles were still being fought with bullets and bayonets. But combatants in today's wars are not just killed, they are sometimes obliterated, dog tags and all. So last week the Army began collecting blood and tissue samples from new recruits, part of an ambitious "genetic dog tag" program that will eventually enable pathologists to identify the smallest tissue specimens by cross-matching to genetic samples stored on file. The Pentagon aims to collect specimens from all 2 million active service members...

Author: /time Magazine | Title: DNA Dog Tag or Genetic ID? | 6/22/1992 | See Source »

...impact here and now is bad enough. Although experts disagree about how much of a macroeconomic drag the deficit represents, there is no question that it has severely hamstrung the government. Voters have a point when they complain that Washington doesn't seem to do anything anymore except collect taxes; but they should understand that the existence of a $400 billion deficit -- created in part to pay for programs that voters themselves demanded even as they opposed new taxes -- severely limits the kinds of things the government can accomplish for the commonweal. Moreover, the size of the deficit means that...

Author: /time Magazine | Title: The Federal Deficit | 6/22/1992 | See Source »

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