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...betting that foreign traders will flock back to the U.S. through Globex. So far, the London and Paris exchanges have signed up to use the system; the Tokyo, Frankfurt, Hong Kong and Zurich exchanges are expected to follow suit. Says Globex chairman Leo Melamed: "This is a way to extend our market around the globe across all borders and time zones...

Author: /time Magazine | Title: Futures Shock Are trading floors obsolete? | 6/29/1992 | See Source »

...other White House officials urged the Commerce and Defense departments to approve sales to Iraq of sensitive U.S. technology that found its way into Saddam's weapons programs, including his effort to develop a nuclear bomb. The White House also pressed for federal loan guarantees that encouraged banks to extend credit to Iraq in return for assurances that the U.S. Treasury would pay if the Iraqis reneged. They did. Now American taxpayers are left holding the bag for $1.5 billion in bad loans...

Author: /time Magazine | Title: Did Bush Create This Monster? | 6/8/1992 | See Source »

...that researchers have developed a relatively benign way to stay hooked on nicotine, will patches become the next big addiction? So far, most researchers see little chance of wide-scale patch abuse, despite reports of patients sneaking extra patches or pressuring physicians to extend treatment beyond the recommended six to 12 weeks. But really, who cares? Nicotine alone is not a killer in modest doses. It mixes just fine with driving, and best of all, co-workers and spouses need not fret about secondary smoke. Until the battle against bad habits is finally won, nicotine patches might just...

Author: /time Magazine | Title: Kicking The Habit | 6/8/1992 | See Source »

...plan would also cut the number of miles of highway in half and extend subway and commuter rail lines...

Author: By Melissa Lee, CRIMSON STAFF WRITER | Title: Z: | 6/4/1992 | See Source »

...many decades. And the departure of Suchinda will do little to quell the demands for an investigation into the military's actions. The King, who has no legal power over political matters but is revered by all Thais, may have to step in again in the future to extend his steadying royal hand. (See related story on page...

Author: /time Magazine | Title: The King and Them | 6/1/1992 | See Source »

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