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Reports of ethical violations have also been clouding some of GE's traditional lines of business. In October the Connecticut-based company faces trial in federal court in Columbus, Ohio, on charges that it conspired with a unit of South Africa's De Beers mining company to fix the price of industrial diamonds. GE vigorously denies the Justice Department charges. Meanwhile, the FBI armed a GE whistle-blower with a hidden tape recorder last year to probe charges that the company had repeatedly ignored warnings about electrical problems that could compromise the safety of its aircraft engines. Not only...

Author: /time Magazine | Title: Interview with Jack Welch: Jack in the Box | 10/3/1994 | See Source »

...fact, the listener, swept up in the band's passion and sound, can't help being on Public Enemy's side throughout the record as Chuck takes on the American Patriarchal Military Industrial Racist Complex, Inc. On Hitler Day, he attacks the idea of having a holiday for Christopher Columbus: "How can you call a takeover/ A discovery?" And on White Man's Heaven Is a Black Man's Hell, short, sharp phrases contrast the world of white privilege with the oppressed status of African Americans: "Black history. White lie. Black athletes. White agents. Black preacher. White Jesus...

Author: /time Magazine | Title: MUSIC: Which Side You On? | 9/19/1994 | See Source »

...standing it lost in 1989 in the $562 billion credit-card industry. The U.S. market is saturated with 1 billion pieces of plastic, issued by 6,500 companies. "Industry competition has turned into quite a fray," says Mark Tonnesen, president of credit-card services for Bank One in Columbus, Ohio. "The winner in all of this is the consumer." Even AmEx's Skillern acknowledges that "the world probably doesn't need a new credit card," though he remains confident that "consumers will welcome a new series of value propositions." (That's industry-speak for such card bonuses as the frequent...

Author: /time Magazine | Title: Do You Still Know Me? | 9/12/1994 | See Source »

...Goodbye Columbus...

Author: /time Magazine | Title: Monitor: Three Days of Peace, Music and Hee Haw | 8/15/1994 | See Source »

Even Tom Gill of Columbus has had moments of doubt. During the first three months of his new, nice-guy dispensation this spring, his Oldsmobile dealership's sales dropped nearly 50%, largely, he believes, because his competitors were shiftily using the old, illusory tactics -- lowballing him -- to undercut his prices. "It got real frustrating," he says. "For me to tell a customer I'm not coming down in price was like steering a ship in reverse. It was hard." Then, unexpectedly, Gill had the best May and June in the five-year history of his operation. Customers came back...

Author: /time Magazine | Title: Nice Guys Finish First? | 7/25/1994 | See Source »

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