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...news on his radio and thought, "Oh no, there goes everything." The owner of an Olympic accommodations service, Roberts had recently received reservations for a tour group of 1,200 from Yugoslavia and for 22 members of the Hungarian track-and-field team. Neither group had supplied a deposit, a condition normally required by listing agents and the many private home owners in Los Angeles who put their houses up for rent during the Games. Prospective landlords, however, cannot be quite as demanding as they were some months ago. According to many realtors, there was a glut of private accommodations...

Author: /time Magazine | Title: Olympics: Auditing the Capitalist Games | 5/21/1984 | See Source »

...defoliant according to the military's instructions. Nonetheless, the companies agreed to place $180 million into a fund that will be used to compensate victims and their families. The fund is expected to last for 25 years. With interest, currently accruing at $61,000 a day, the initial deposit could result in payments totaling as much as $750 million. Judge Weinstein plans to hold hearings to allow comments from others before approving the negotiated agreement. If, as expected, the settlement is upheld, the judge will design and oversee a system that will award payments to veterans and their families...

Author: /time Magazine | Title: Winning Peace with Honor | 5/21/1984 | See Source »

...unexpected details of Argentina's eleventh-hour rescue became known. It was revealed that officials of the U.S. Federal Reserve assured private lenders that the $100 million they contributed to the bailout would be repaid. The Federal Reserve told banks that Argentina had more than that amount on deposit with it and that those funds would be used to pay off the loan. Given that indirect guarantee, the private banks charged an interest rate that was only one-eighth of a percentage point more than what they charge one another on loans...

Author: /time Magazine | Title: Unaccountable | 4/23/1984 | See Source »

...Diamond has been partially thwarted in his research by rules limiting access to university documents from the McCarthy period. He has been engaged in a running dispute with Harvard officials over the University's rule barring access to Corporation records for fifty years after their deposit...

Author: By Mark E. Feinberg, | Title: Diamond and Veritas | 4/5/1984 | See Source »

Researchers speculate that chemicals may work their damage in several ways. The excess ozone might open the pores of leaves, allowing acid rain to leach vital nutrients. Or acid rain may cause harmful changes in the chemical composition of the soil. Rain may also deposit toxic heavy metals that damage plants' root systems. Says Richard Phipps of the U.S. Geological Survey: "The darn thing is a heck of a lot more complex than we ever thought...

Author: /time Magazine | Title: Environment: Puzzling Holes in the Forest | 3/19/1984 | See Source »

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