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Both in the U.S. and abroad, financial businesses and even governments are often reluctant to impose regulations to keep out launderers. One reason is that a thriving financial industry brings jobs and income. South Florida's 100 international banks employ 3,500 workers and pump $800 million into the local economy. Even more appealing is the inflow of foreign capital. During the spend-and-borrow era of the 1980s, the gusher of flight capital into the U.S. from Latin America helped finance America's deficits. As in Hollywood, not many politicians were concerned about where the money was coming from...

Author: /time Magazine | Title: A Torrent of Dirty Dollars | 12/18/1989 | See Source »

...first time this season, Harvard did not employ the full court press extensively. This was largely due to the lack of depth created by the rash of injuries. But the Crimson still had trouble getting back on defense...

Author: By Andy Fine, | Title: Eagles Soar Over M. Cagers, 114-66; Crimson Sore, Too: Pains Pilling Up | 12/13/1989 | See Source »

...settled him back feather-like on the fantail of the Belknap. Rubber-suited Marine divers bounced in dinghies along the tops of the rising waves, patrolling for any suspicious movement in adjacent waters. A shabby little barge, old tires festooning its scuffed sides, turned out to be in the employ of the Navy, the keeper of the communication cable to the Belknap. That allowed Bush to monitor events in the Philippines, where U.S. force once again had to be committed to help stabilize a friend...

Author: /time Magazine | Title: East-West: The Presidency: Talk of Peace, Tools of War | 12/11/1989 | See Source »

...years of fighting to come, Brady would field his own small army of camera reporters. They included Alexander Gardner, Timothy H. O'Sullivan and George N. Barnard, who would become some of the best-known photographers of the century. (All three eventually left Brady's employ in a huff over his practice of attaching his own name to their work.) Their pictures gave war a new face, stark and squalid, the face of the openmouthed dead on the fields of Gettysburg...

Author: /time Magazine | Title: Early Days 1839-1880 | 10/25/1989 | See Source »

...total of $60 billion. That was 61% more than the previous year and represented a drastic quickening of the pace five years earlier, when overseas buyers took over 111 companies, valued at just $2.2 billion. Foreign owners now control more than 12% of all U.S. manufacturing assets and employ 3 million American workers...

Author: /time Magazine | Title: Special Report: Foreign Owners I Came, I Saw, I Blundered | 10/9/1989 | See Source »

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