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...problems in Amex's core business come after a long string of mishaps in its diversified pursuits. The chief money drain has been its Shearson Lehman Bros. investment arm, which suffered mightily from its $962 million takeover of ailing and scandal-ridden E.F. Hutton in 1988. Shearson is just now starting to show signs of recovery from Wall Street's postcrash slump. Amex had hoped to flee the securities business, but after failing to find a buyer for Shearson, Amex injected $1 billion in capital to restructure the firm...

Author: /time Magazine | Title: Financial Services Hitting the Credit Limit | 10/21/1991 | See Source »

...January to June 1991: The Justice Department is flooded with more than 40,000 pieces of correspondence on the issue, 90 percent of which call for HIV to remain on the exclusion list. In the letters, issues of drain on medical and economic resources by individuals needing treatment in the U.S. are called to the department's attention...

Author: NO WRITER ATTRIBUTED | Title: From Boston to Amsterdam | 9/26/1991 | See Source »

...Carolyn Roehm, Inc., suffered from management shuffles and poor sales. Last week Roehm, 40, suddenly announced that she was shutting down. The Wall Street Journal reported that Kravis had invested more than $20 million in his wife's anemic business since 1985 and had grown weary of the financial drain. While that may be true in part, Roehm says the real catalyst for her decision was the tragic death of Kravis' 19-year-old son Harrison in a July automobile accident...

Author: /time Magazine | Title: New York: End of A Dream | 9/23/1991 | See Source »

Foes of the program warn that successes like Hendon do not reflect the real impact of the program. Schools that opt out disrupt county planning efforts and drain from districts money that traditionally has been applied to a wide range of services, including the provision of child psychologists, substitute teachers and special-education instructors. Says Margaret Maden, the chief education officer of Warwickshire: "Opting out takes money from the system as a whole and affects the schools that are left...

Author: /time Magazine | Title: Britain's Brand of Choice | 9/16/1991 | See Source »

...Terminator, Hamilton's Sarah Connor evolved from a klutzy waitress to a warrior woman who crushed the killer robot in a hydraulic press and spat out the immortal line: "You're terminated, f---er." In T2 Sarah is a guerrilla gone south, dynamiting computer facilities, threatening to inject drain cleaner into the veins of her captors, stashing weapons with her own righteous version of the Baader-Meinhof Gang. She is a more twisted sister of Sigourney Weaver's Ripley in Aliens (also written and directed by T2's James Cameron), who proves her maternal mettle by blasting a space monster...

Author: /time Magazine | Title: Why Can't A Woman Be a Man? | 8/5/1991 | See Source »

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