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...also recognizing that the defection of a mere 31 Democrats Thursday was not exactly the heartiest support they could have wished for. Republicans, too, are uneasy about the Pandora's box they just opened: "It feels like it's out of control," said Rep. Christopher Shays (R-Conn.). All in all, a good time to take a break...

Author: /time Magazine | Title: Keeping Quiet on Clinton Probe | 10/9/1998 | See Source »

...deeply in trouble. The fund was headed by legendary trader John Meriwether, who helped make Salomon Brothers the top bond house of the 1980s, as recounted in the best seller Liar's Poker by Michael Lewis. The partners, who worked out of waterfront offices in tony Greenwich, Conn., included Nobel-prizewinning economists Myron Scholes and Robert Merton and former Fed Vice Chairman David Mullins. As their price for the bailout, the creditors acquired a 90% stake in the fund, which effectively removed Meriwether and his partners from power. But huge management fees that the partners have collected could still leave...

Author: /time Magazine | Title: The Brightest and the Brokest | 10/5/1998 | See Source »

What a rip-off! For all the money Starr has been billing the country, he could have included pictures. ED LINDNER Westport, Conn...

Author: /time Magazine | Title: Letters: Oct. 5, 1998 | 10/5/1998 | See Source »

...When they lose confidence, they will pull their capital out. It's their capital. They can use it as they wish. Mahathir has no right to regulate outflow of capital when he originally welcomed it with open arms. To say otherwise is nothing but complete hypocrisy. HUGH BROWER Stamford, Conn...

Author: /time Magazine | Title: Letters: Oct. 5, 1998 | 10/5/1998 | See Source »

...airlines. The strictest possible controls are required to ensure compliance with the regulations by all in the air-transportation industry. It is important that your readers know procedures are in place to protect the safety of all. WAYNE B. HEYLAND, President and CEO World Courier Group Inc. Stamford, Conn...

Author: /time Magazine | Title: Letters: Oct. 5, 1998 | 10/5/1998 | See Source »

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