Word: covered
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Dates: during 1980-1989
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Journalists usually go about their jobs by chasing down rumors and interviewing sources. Sometimes, though, reporters learn a lot by gathering experts in one room and firing questions at them. If the mix of guests is right and the topic intriguing enough, the conversation can be as exciting to cover as a revolution or a natural disaster. In fact, revolutions and nature were on the agendas of two TIME-sponsored conferences that we report on in this week's issue...
...COVER: Money laundering is a thriving global business whose customers range from drug kingpins to tax dodgers...
...Cover: Illustration by Mark Fredrickson
...Department of Energy may have allowed scandals rivaling the estimated $8 billion imbroglio at the Department of Housing and Urban Development to go undetected. But the gravest worries were triggered by concerns about the solvency of more than $5 trillion in federal credit and insurance programs that cover everything from bank deposits to student loans and Third World aid. While no one expects all such programs to fail, bad debts and write-offs are steadily increasing. "Losses from these programs have already cost the taxpayers tens of billions of dollars and have had a significant impact on the federal deficit...
...Cover: Photograph by Diana Walker