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Although Dean of the Faculty A. Michael Spence has made tenuring more faculty from within Harvard a primary goal, his efforts have yet to make a dent in the age-old system...

Author: By Joseph R. Palmore, | Title: Afro-Am: Going Nowhere Fast | 2/2/1990 | See Source »

...make a dent in the money-laundering trade, authorities will need more support from the financial community. "They're now willing to tell us about people coming in with bags of cash," says a regulator, "but as far as anything else goes, you can forget it." Yet many bankers think the feds have become indiscriminate in their crackdown. "They are characterizing traditional, ordinary, international banking transactions as money laundering," gripes Gerald Houlihan, a Miami attorney who represents financial institutions in money-laundering and forfeiture cases. "They are not going after money launderers, but are attempting to terrorize banks...

Author: /time Magazine | Title: A Torrent of Dirty Dollars | 12/18/1989 | See Source »

There was never a chance that Taiwan's long-ruling Kuomintang would be defeated in national elections earlier this month. The suspense centered on whether the Democratic Progressive Party, in its maiden contest as a legal opposition, would even dent the KMT's armor. The results, announced last week, surprised many observers. D.P.P. candidates won 21 out of 101 available seats in the Legislative Yuan, enabling the party for the first time to sponsor new bills...

Author: /time Magazine | Title: Taiwan: Rebuff for the Kuomintang | 12/18/1989 | See Source »

...glow of victory, narcotics officers congratulated one another on finally putting a dent in the drug-smuggling apparatus. But in recent weeks the vastly increased tonnage of captured cocaine has been generating some anxious rethinking about the scale of America's coke problem. Reason: since cocaine is essentially a commodity, its price follows the same basic rules of supply and demand that apply to wheat, soybeans and pork bellies. When supply is abundant, prices fall; when there is scarcity, prices rise. Ominously, the huge U.S. seizures in the past few months, along with the Colombian government's crackdown...

Author: /time Magazine | Title: The Supply-Side Scourge | 11/13/1989 | See Source »

...novels about the modern lawman's unhappy lot. In any case, it is now the formula for cop movies: the detective hero is usually divorced, drinking too much and sleeping too little. Often he wonders what it all means -- running around, risking your life and not making any discernible dent in the crime rate...

Author: /time Magazine | Title: Cinema: Policeman's Lot | 9/25/1989 | See Source »

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