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...United States. Continental Illinois Chief Executive Officer Donald Taylor resigned, after just months on the job, and the FDIC injected $7 billion into the bank. In return for its financial support, the FDIC received the right to acquire full ownership of the bank from stockholders at a fraction of a penny per share if the bank should be unable to repay its loans, and the right to replace the bank's management at any stage of its supposed recovery...

Author: By Joseph L. Faber, | Title: A Welcome Shock to the System | 1/16/1985 | See Source »

...confrontation came at a time when Poland is mired in political stalemate. The government of General Wojciech Jaruzelski has shown itself incapable of winning the support of more than a fraction-perhaps 10%-of the population; the opposition, still centered in the banned Solidarity movement, is divided over questions of leadership and tactics and lacks the power to force the government into a dialogue. Walesa may have been trying to give the opposition a fresh sense of purpose last week. Before the demonstration he circulated copies of a speech that he planned but was unable to deliver at the monument...

Author: /time Magazine | Title: Poland: An Ominous Tremor in Gdansk | 12/31/1984 | See Source »

Opponents of capital punishment are refining two lines of legal challenge. Generally they argue that the states' new elaborate sentencing criteria mean that the death penalty is imposed inconsistently and unpredictably. Only a small fraction of capital murderers are sentenced to death, and even fewer are actually executed. Thus, those who do die may be a new species of scapegoat: guilty, but no guiltier than those thousands permitted to live. Says American Civil Liberties Union Lawyer Alvin Bronstein: "All evidence shows the current system to be highly arbitrary...

Author: /time Magazine | Title: Running Out of Appeals | 12/24/1984 | See Source »

Levitt's secret, now as in the past, is the size of the developments. Says he: "We can offer homes at a fraction of the general market price. That's only possible when you have a large tract of land on which you can preplan, presell and run an assembly line, which is what...

Author: /time Magazine | Title: Housing: An Old Master Builds Again | 12/24/1984 | See Source »

...Honduras to Nicaragua last March to scare the leftist Sandinista government by creating the impression that the Washington-backed rebel effort was more widespread than it was. The airborne handbooks, coated in plastic to make them water-resistant, were among 3,000 printed at CIA headquarters. But only a fraction were ever sent aloft, because the agency was short of money and the balloon blitz had no discernible effect on the Sandinistas...

Author: /time Magazine | Title: High-Altitude Handbooks | 12/17/1984 | See Source »

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