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Despite Drexel's combative public posture, the company is probably wrestling with a difficult decision: whether to endure a trial or try to negotiate a settlement. Drawn-out civil and criminal trials would be a drain on Drexel's resources and customer goodwill. Moreover, Drexel may have more court battles to fight against its aggrieved clients and the investing public. Late last week a lawyer in Philadelphia filed the first suit on behalf of stockholders in the companies listed in the Government's case. As Drexel's legal troubles proliferate, they are already transforming the firm from an aggressor feared...

Author: /time Magazine | Title: Throwing The Book At Drexel | 9/19/1988 | See Source »

...possible. Admitted Wladyslaw Baka, the Central Committee secretary responsible for economic affairs: "No agreements, no reconciliation, no discussions will help us unless we can achieve visible results in improving our economy." Given the pathetic state of Poland's economy, that will be a difficult task even without the drain of further labor unrest...

Author: /time Magazine | Title: Poland It's Back to Work We Go | 9/12/1988 | See Source »

...been scraped to bare earth. Acreage bulldozed for shopping malls looks like this. Until these ravaged uplands reseed themselves -- which on the steepest slopes simply may not happen -- erosion is inevitable, and the most reliable yield, says Forester Morrison in disgust, will be "sustained sediment" in the streams that drain them. We head eastward to a landing field near Mount Rainier National Park...

Author: /time Magazine | Title: In Washington: Lighthawk Counts the Clear-Cuts | 8/29/1988 | See Source »

...little tadpole Janet Evans seems to represent all the early mornings and late suppers of all the tiny racers in all the neighborhood pools. The great Olympian John Naber laughed wonderfully when someone suggested that age-group swimming is just another kind of phenobarbital prescribed by parents to drain their children of excess energy and make sure they go to Yale. But on their own, a few of the old salts, like the '84 hero Rowdy Gaines, continue to gaze longingly at the pool, as though looking...

Author: /time Magazine | Title: Essay: If Perspiration Could Be Quantified | 8/15/1988 | See Source »

...dress himself. She frets about him constantly, and about how she will pay the doctor and the sitter who comes twice a week so she can go out to buy groceries. Even the $25 a month she pays for diaper-like underpants for her incontinent husband is a drain on ( their dwindling life savings, now less than...

Author: /time Magazine | Title: A Dose of Stronger Medicine | 6/20/1988 | See Source »

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