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...faces House consideration, calls for the Federal Deposit Insurance Corporation to take over some 400 hopelessly ill thrifts and sell off their real estate in the next few years. During this huge liquidation the Government will hawk everything from office towers to condominiums, sewage plants to gravel pits, shopping malls to single-family homes...

Author: /time Magazine | Title: Sale of The Century | 5/1/1989 | See Source »

...federal regulators liquidate everything from condominiums to gravel pits, they must move carefully to avoid triggering a plunge in property values. -- Despite a rising Dow, Wall Street faces more layoffs and falling profits. -- Control Data pulls out of the supercomputer market, leaving Cray Research as the sole U.S. firm to compete against rival Japanese manufacturers...

Author: /time Magazine | Title: Time Magazine Contents Page Vol. 133 No. 18 MAY 1, 1989 | 5/1/1989 | See Source »

...taxi pulled away from the Tambov train station, spraying mud and loose gravel from the potholed roadway. The landmarks were typical of a rural Russian administrative center. A tank seemed poised to topple off the memorial honoring the heroism of local citizens in the Great Fatherland War, as World War II is known. A crane loomed above the construction site of the new Communist Party headquarters, just across from an imposing statue of Lenin thrusting his arm into the future. Political posters and slogans of a type that had all but vanished from Moscow could be seen on billboards...

Author: /time Magazine | Title: TAMBOV: PERESTROIKA IN THE PROVINCES | 4/10/1989 | See Source »

...Arcatans began to worry about environmental overkill. The idea of sewer pipes running amuck through bucolic farm and forest lands frightened them. And the system's budget, a mix of federal grants and local assessments, ballooned to $56 million. Frank Klopp, Arcata's gravel-voiced public-works director, concluded that maintenance costs might force him to double the city's sewage rates. Klopp, known as "Klippity" in a city hall addicted to folksy nicknames, took himself to the mayor's office. "We really ought to get out," he growled. Gradually, others agreed. The bay's tugboat captains were worried that...

Author: /time Magazine | Title: Arcata Marsh and Wildlife Sanctuary | 3/20/1989 | See Source »

Israel's political leaders cannot seem to decide how much force is appropriate or acceptable in the face of international criticism. During the past year soldiers have been instructed to beat rioters; drop gravel on them from helicopters; fire tear gas, rubber bullets, plastic bullets. None of it has ended the uprising. And even some Likud members doubt the new measures will do better. "I don't think there is a lot of logic or common sense in shooting a boy when he's already finished throwing his stone and is running away," said Minister Without Portfolio Ehud Olmert...

Author: /time Magazine | Title: Israel A Moral Dilemma | 1/30/1989 | See Source »

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