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Phar-Mor said Monus, 44, and chief financial officer Patrick Finn, 34, both fired two weeks ago, funneled about $10 million of company funds into the struggling World Basketball League, which folded Aug. 1. The firm says the two men participated in a scheme to cook the company's books, forcing it to write off $350 million -- including the allegedly stolen funds and $340 million in overstated profits. The privately held concern has dismissed auditor Coopers & Lybrand, which it blamed for failing to spot the fraud. The accounting firm says Phar-Mor's move was "apparently designed to posture, bluster...

Author: /time Magazine | Title: Hard Pills to Swallow | 8/17/1992 | See Source »

WHERE: MEMPHIS COOK CONVENTION CENTER...

Author: /time Magazine | Title: Memphis Blue, Ottoman Gold | 8/10/1992 | See Source »

...which museum is exhibiting the show? Well, here comes another surprise. Memphis, like most cities outside New York, Chicago and Los Angeles, lacks a large museum space. So Splendors is installed in the downtown Memphis Cook Convention Center. The 26,000-sq.-ft. facility within the center was built for boat shows, union conventions and the like, but the exhibition's designers have created a temporary museum space befitting the 16th century Sultan Suleyman the Magnificent. The King's home at Graceland can't touch...

Author: /time Magazine | Title: Memphis Blue, Ottoman Gold | 8/10/1992 | See Source »

...shacks, cubist contraptions of plywood and cardboard, it is an affront. After years of delay, the government only last week began to install 36 flimsy prefabricated homes -- far short of the number needed to house the barrio's 100 families, who live without toilets or running water and cook on open fires. "The rats are eating us!" complains Alvarina Roza Jimenez, mother of eight, holding up her daughter's hand to show a scar. The seven-year-old is barefoot, filthy, with sores on her mouth...

Author: /time Magazine | Title: The Dark Side of Spain's Fiesta | 7/13/1992 | See Source »

Patients at the rehabilitation center practice social skills by calling each other on the phone and organizing excursions to restaurants and shops. They help one another set daily goals: cook breakfast, buy Mom a birthday card, look for a job. They also learn to do mundane chores: washing clothes in the hospital laundry room and cooking in a tiny employee kitchen. Nothing is easy. Soap goes into the washing machines, but clothes are often forgotten. Because schizophrenics have certain cognitive problems, they have trouble generalizing the principles behind the chores. Thus learning to fry chicken doesn't mean they will...

Author: /time Magazine | Title: After the Awakening, the Real Therapy Must Begin | 7/6/1992 | See Source »

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