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...Your Chairman displayed exquisite timing," he writes about his purchase of a large stake in USAir. "I plunged into the business at almost the exact moment that it ran into severe problems." Buffett also notes his purchase since late 1989 of $440 million of RJR Nabisco junk bonds. A crazy investment? He acknowledges that he's leery of new issues of junk bonds ("The only time to buy these is on a day with no y in it"), but the RJR bonds have been traded for a while -- and Buffett says their market value has increased $150 million since...

Author: /time Magazine | Title: ANNUAL REPORTS: The Best of Buffett | 4/15/1991 | See Source »

Patiently, and with loving humor, Mistry develops a portrait of a household: Gustad savoring mock-Tennyson verses at the dinner table, telling his friends of his son's college prospects, singing The Donkey Serenade to his ailing daughter. The details of his life are wonderfully exact: a bottle of Camel Royal Blue Ink, old copies of Bertrand Russell, an 1897 edition of Barrere and Leland's Dictionary of Slang, Jargon and Cant. And Mistry catches the pungent cadences of Indian English as they have seldom been caught before: "What everything have you told them? Always I shout and scream, while...

Author: /time Magazine | Title: Close Quarters: SUCH A LONG JOURNEY by Rohinton Mistry | 4/8/1991 | See Source »

...There is evidence, and we believe, that response in the brain to stimuli can trigger this," Kirby said, while emphasizing that the exact mechanism behind the fatal attack is not well known...

Author: By Haibin Jiu, | Title: Scientists Search for Cause of Sudden Death | 4/2/1991 | See Source »

...exact shape of a postwar scenario, of course, would depend on the details of the Iraqi proposal and of the negotiations that would follow. But it is possible to sketch the broad outlines. The most significant fact is that Iraq will emerge from battle with the menacing, bristling war machine that Saddam built up over the past decade substantially defanged, if not yet completely tamed. The allies have seen to that from the first days of the war, knocking out Iraq's ability, at least for the time being, to produce chemical, biological and nuclear arms and later obliterating about...

Author: /time Magazine | Title: Consequences: What If Saddam Pulls Out? | 2/25/1991 | See Source »

...habits. In an effort to prevent the disease from spreading to their neighboring countries, health officials in Ecuador, Bolivia and Chile have prohibited the importation of uncooked Peruvian food products. Soccer matches in Lima between Peruvian teams and squads from Argentina and Uruguay have also been canceled. While the exact source of the outbreak remains unclear, tests of coastal waters have shown a high degree of contamination. Some reports speculate that the cholera arrived on a ship from Southeast Asia...

Author: /time Magazine | Title: PERU: Life in the Time Of Cholera | 2/25/1991 | See Source »

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