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...First National's condition was too dire to be helped by such local remedies, even in a city known for its large population of oil multimillionaires. The next day, the Federal Deposit Insurance Corp. announced that the institution would probably have to be written off as a failure and merged with a healthier bank to keep the FDIC's losses to a minimum. The agency loaned First National $ 100 million to keep it alive while merger bids were sought. It was one of the largest FDIC loans ever made to a distressed bank...

Author: /time Magazine | Title: Burying Mother | 10/24/1983 | See Source »

...friends were often famous, like Dorothy Thompson and Clare Boothe Luce. As she recalls life with the smart set, Hobson falls into a modish, woman's magazine tone in which even problems sound like boons. In 1942 her idea of dire indebtedness was owing rent to the Vincent Astor offices for her East Side apartment and a clothing tab to Bergdorf s. For all her social concern, political events are sometimes invoked as if they were backdrops for her personal dramas, as in a rendezvous with Ingersoll: "When he arrived, my rehearsed words went out the window...

Author: /time Magazine | Title: Books: Making Do | 10/10/1983 | See Source »

...agonized at home in Rhode Island over the grand alternatives of returning to a mediocre school experience or counting failure as a model in one more city, my grandparents phoned. For the 20th time since I'd left Harvard, they deluged me with dire predictions of what kind of future lay in store for a college dropout--no job, no money, no place in society, no friends, and, of course, no respect from Korean relatives. I was galvanized. School was definitely out of the question. I moved to New York immediately...

Author: By Margaret Y. Han, | Title: There and Back Again | 9/12/1983 | See Source »

...agonized at home in Rhode Island over the grand alternatives of returning to a mediocre school experience or courting failure as a model in one more city, my grandparents phoned. For the 20th time since I'd left Harvard, they deluged me with dire predictions of what kind of future lay in store for a college dropout--no job, no money, no place in society, no friends, and, of course, no respect from Korean relatives. I was galvanized School was definitely out of the question I moved to New York immediately...

Author: By Margaret Y. Han, | Title: An Odyssey | 7/29/1983 | See Source »

...skeptics had concluded that the House and Senate were so far apart from each other and both so distant from President Reagan's desires that Congress would never be able to agree on spending and revenue goals for fiscal 1984. There were dire predictions that the entire congressional budget process would collapse. Yet last week, amid a lot of partisan rhetoric, both chambers reached agreement on an $859 billion budget resolution that the President was known to oppose...

Author: /time Magazine | Title: Budget Deal | 7/4/1983 | See Source »

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