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...convincing sales pitch. After the 1987 stock-market crash shook investor confidence in securities, con artists began pushing such alternatives as rare coins, gold, oil and gas leases, and diamonds. One Tulsa-based telemarketing company cleaned up by selling shares in a "secret process" for converting volcanic sand on Costa Rican beaches into gold. A swindler who had been convicted of selling shares in a nonexistent gold mine continued to solicit new investors from a pay phone in his Wyoming prison...

Author: /time Magazine | Title: Reach Out And Rob Someone | 4/3/1989 | See Source »

...medical supplies until the Nicaraguan elections, which the Sandinistas promise to hold next February. "Without the contras," says a Baker aide, "there will be even less incentive for Managua to fulfill its commitment to democratize, as it said it would when it signed on to the peace plan ((of Costa Rican President Oscar Arias Sanchez...

Author: /time Magazine | Title: First Steps Toward a Policy | 3/27/1989 | See Source »

...fell on Baker's parade when five Central American Presidents agreed to a plan that would disband the anti-Sandinista contras now holed up in Honduras in exchange for new guarantees of democracy by Nicaraguan President Daniel Ortega. Though Baker had met with the Foreign Ministers of Honduras and Costa Rica only a week before, the State Department was caught flat-footed. Spokesman Charles Redman could only declare, "We weren't at the meeting. We'd like to find out more about...

Author: /time Magazine | Title: Raining On Baker's Parade | 2/27/1989 | See Source »

...Francisco Aguilar-Urbina, an adviser to Costa Rican President Oscar Arias, said at first that his delegation had low expectations of Quayle: "The impression we had was that they put him in a drawer during the campaign." But he later said Quayle won "very positive reviews" in his talks with Latin leaders. The Vice President impressed Brazil's President Jose Sarney by asking about the country's November elections. "You mean in Brazil?" replied Sarney, evidently astonished that Quayle was aware of the upcoming vote. Even Ortega had kind if somewhat condescending words: "I thought he showed an ability...

Author: /time Magazine | Title: Dan Quayle's Diplomatic Debut | 2/13/1989 | See Source »

Perhaps President Bush would reconsider his opposition to raising the penurious $3.35 per hour minimum wage if he knew how many people can't afford even one Victor Costa gown...

Author: By John L. Larew, | Title: Post-Reagan Blues | 2/11/1989 | See Source »

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