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...settlements. The Wall Street firm Carl Marks & Co. is still fighting a class-action suit against the People's Republic of China to recover losses from Hukuang Railroad bonds issued by the imperial Chinese government in 1911. Last year a U.S. district court in Alabama ordered China to cough up to U.S. bondholders the unpaid principal plus the interest that has been mounting at 5% annually, a total of $41.3 million. Marks also has two suits against the Soviet Union involving $75 million in dollar-denominated bonds issued by the imperial Russian government. The bonds, held by U.S. investors...

Author: /time Magazine | Title: Other Big Busts | 8/8/1983 | See Source »

...constitute a third of the country's cocaine abusers. (Free-basers cannot be surprised by the findings: they often cough up black phlegm and sometimes blood.) Last year coke problems brought almost 3,000 New Yorkers to emergency rooms, 50% more than in 1981, and in Colorado the number of such panicked hospital visits doubled between 1979 and 1982. The increase may be, in part, a hopeful sign: more users now know that the drug carries genuine medical risks...

Author: /time Magazine | Title: Crashing on Cocaine | 4/11/1983 | See Source »

...mistake somewhere, and that in this mistake lies the explanation for all the world's discords. Or suppose, the hunter goes on, it was the unnamable name of God that was taken down wrongly, so that "each time we call upon Him we call in error and cough like toads in the green scum...

Author: /time Magazine | Title: Books: Teaching the Grammar of Hell | 3/29/1982 | See Source »

During his successful four-year campaign to persuade the British government to cough up $156 million in loans and grants, maverick Automaker John Zachary De Lorean confidently predicted that American customers in 1982 would buy 20,000 of the sporty stainless-steel autos manufactured by De Lorean Motor Co. (price tag: $25,000). De Lorean, however, had not reckoned on the continued disastrous slump in U.S. auto sales. Since last June, only half of the 7,000 De Loreans shipped to the U.S. from the company's manufacturing site in Belfast, Northern Ireland, have been sold. As a result...

Author: /time Magazine | Title: Ante-Up Time | 2/8/1982 | See Source »

Silence fell over the Manhattan courtroom where Abbott is on trial on a charge of murdering Adan, 22, a waiter and an aspiring playwright, last July-a bare six weeks after Abbott had been released from prison on the urging of Novelist Norman Mailer. Not a cough sounded as Abbott, 37, gave some grisly details of the aftermath of the 5 a.m. stabbing outside the Bini-Bon restaurant where Adan had worked. Adan, Abbott related, "said, 'You didn't have to kill me.' He started going backward. From his face he looked like he was dead...

Author: /time Magazine | Title: He Was Dead: Jack Henry Abbott On Trial For Murdering Richard Adan | 1/25/1982 | See Source »

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