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...most creative talents in Hollywood and tapping the coffers of media and communications conglomerates eager to get in on the action. Video games rake in $5.3 billion a year in the U.S. alone, about $400 million more than Americans spend going to the movies. Globally, game revenues exceed $10 billion each year, and the worldwide sales of a single hit can top $500 million. Last week players from Times Square to Paris to Tokyo queued up in stores to buy Mortal Kombat, one of the hottest (and most violent) games ever made. In the next few weeks, Disney/MGM will release...

Author: /time Magazine | Title: The Amazing Video Game Boom | 9/27/1993 | See Source »

Clinton also said he hopes to eliminate thepaperwork which plagues hospitals and medicalcenters and to achieve savings such that the rateof increase of medical costs will not exceed thatof inflation...

Author: By Virginia A. Triant, | Title: Clinton Presents Plan For Health Care Access | 9/23/1993 | See Source »

...wave of mortgage refinancing. Before interest rates plunged in recent years, homeowners clung to a rule of thumb that said people should refinance only when rates fell at least two percentage points below the interest on their existing loans. Under that formula, the gains from lower mortgage rates would exceed the closing costs on the refinancing. But today banks and mortgage brokers offer so many refinancing options that canny rate surfers can replace their mortgages at little cost. Since 1991, consumers have refinanced $1 trillion worth of mortgages, or fully one-third of all U.S. home loans...

Author: /time Magazine | Title: How Low Can They Go? | 9/6/1993 | See Source »

...Environmental Protection Agency and the Harvard School of Public Health estimate that up to 60,000 American deaths a year are caused by particles of soot -- an old-fashioned form of air pollution generated by factories and diesel trucks -- even though soot levels seldom exceed legal limits. Most victims are children and elderly people with respiratory problems, and asthmatics of all ages...

Author: /time Magazine | Title: News Digest July 18-24 | 8/2/1993 | See Source »

...propose is already being tested and proved out by states and companies. Some of the grass-roots programs might continue and grow even after nationwide reforms are enacted too. Clinton's plan is supposed to set federal standards but give states wide freedom in deciding how to meet (or exceed) them. Meanwhile, the states, joined this time by companies and the medical profession, are reclaiming a role they played well in the pre-New Deal era: serving as a laboratory and model for social legislation that is then picked up and extended by the Federal Government throughout the country...

Author: /time Magazine | Title: Way Ahead of Bill | 6/28/1993 | See Source »

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