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...example, has $1.4 billion on loan in Mexico and $370 million to Argentina, a sum amounting to 92% of its shareholders' equity. Chase Manhattan has loans totaling $2.5 billion to the two countries, 77% of stockholders' equity, and New York's Citicorp, which refuses to confirm the exact figures, has a reported $4 billion, or 85%. On top of that, Citicorp is a very big lender to Brazil, with an estimated $5 billion in total loans. Altogether, the nine largest U.S. banks have loaned out about 130% of their equity to Mexico, Brazil and Argentina. These banks...

Author: /time Magazine | Title: The Debt-Bomb Threat | 1/10/1983 | See Source »

...DOUBT about it," some might prognosticate gloomily, shaking their Maine hunting caps. "OI' Burt Reynolds sure become some kind of quiche-eater." To confirm these rock-ribbed fears that the erstwhile Gator's preference has turned to that metaphorical dish, they might very well point to the scene in Best Friends where, with a pout and an arched eyebrow. Burt grumbles to Goldie Hawn: "I hate grits." It is, it seems, a final, symbolic denial of his celluloid past...

Author: By Jean-christophe Castelli, | Title: Meaningless Relationship | 1/5/1983 | See Source »

...confirm the message, hundreds of heavy police trucks, vans equipped with water cannons and armored personnel carriers rumbled through the streets of Polish cities following the anniversary. In Gdansk, the birthplace of the now illegal independent union Solidarity, paramilitary ZOMOS concentrated on sealing off access to the downtown area. In a symbolic confirmation of their victory over Solidarity, the authorities detained the union's leader, Lech Walesa, 39, who had been released from eleven months of government detention only a month...

Author: /time Magazine | Title: Poland: Sad Anniversary | 12/27/1982 | See Source »

...issuing these warnings, Kistiakowsky expressed not only his fears about the future, but, more importantly, his abiding faith in the wisdom and decency of ordinary people. Even though Kistiakowsky is gone, citizens still can confirm his faith by carrying on the unfinished business of the peace movement. In so doing, they will build an enduring monument to Kistiakowsky himself--a brilliant scientist and a courageous human being whose inspiring deeds stand as testimony to the power possessed by every dedicated and principled individual...

Author: NO WRITER ATTRIBUTED | Title: Unfinished Business | 12/15/1982 | See Source »

...early 1970's, the Commission began to meet with a great deal of opposition from environmental and public interest organizations and it responded with a series of hearings and studies to confirm the safety and potential of nuclear power. Yet Ford clearly shows that the outcome of these studies was all but predetermined, that the A.E.C. made very certain that the conclusions emphasized that nuclear power was both safe and economic. Memos were suppressed, evidence was ignored, and analytic methods minimized the estimated dangers. Commission scientists and employees were explicitly instructed that they should "Never disagree with established policy...

Author: By Simon J. Frankel, | Title: Bureaucratic Blindness | 12/14/1982 | See Source »

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