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Unfortunately, ecological ills do not go into remission simply because environmentalists cannot get their act together or because congressional attention is focused elsewhere. As time passes without meaningful action, options disappear, and the costs to present and future generations continue to rise. The urgency of the problems is too easily forgotten. "To some people, the whole concept ((of environmentalism)) is a luxury," says Madeline Albright, professor of international relations at Georgetown University. "In the future, as the economy tightens up, it is conceivable that people will think we can't afford environmental improvements...

Author: /time Magazine | Title: Endangered Earth Update Is the Planet on the Back Burner? | 12/24/1990 | See Source »

...goods that disappear from store shelves during the holiday season are bought. Sticky-fingered customers and employees make off with $9 billion in merchandise annually, and Christmas is the big season. Shoplifting has jumped 35% in the past four years, making it the fastest-growing larceny crime in the country. According to one study, shoplifters get away with the loot 97% of the time...

Author: /time Magazine | Title: The Five-Fingered Discount | 12/17/1990 | See Source »

Indeed, as cut-rate malls turn themselves into theme parks, with frills and flourishes and higher overhead costs, their primary advantage -- lower prices -- just might start to disappear. For now, though, did we leave the car by the talking toucan, or was it the pink flamingo...

Author: /time Magazine | Title: The Price Is Always Right | 12/17/1990 | See Source »

That difference would have vital implications for journalists. Chicago bureau chief Gavin Scott, who was based in Saigon in the early 1970s, believes the freedom that reporters had to "go up the road in search of action" will disappear in the sands of the desert. Nor, reporters foresee, will their job be made easier. TIME's bureau chief in Washington, Stanley Cloud, was Saigon bureau chief for more than a year. The Pentagon, he says, learned at least one lesson in Vietnam: "Don't ever again let the press have free rein to cover a war pretty much...

Author: /time Magazine | Title: From the Publisher: Dec 10 1990 | 12/10/1990 | See Source »

...companies that fail to get a handle on their onerous debt, bankruptcy looms. Once a shameful solution, even Chapter 11 is growing in appeal as other options disappear. For one thing, it allows indebted companies to keep operating while they reorganize. The newly revised tax law could add significantly to the number of firms seeking bankruptcy shelter. Under the new law, transactions in which debt is converted into equity will be taxed, thus increasing the costs of restructuring. But the tax will be waived if the company is under Chapter 11 protection...

Author: /time Magazine | Title: Carry That Weight | 11/19/1990 | See Source »

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