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...interview right after his honeymoon, got the job two days later, and was in a U-Haul heading to Boston within the week...

Author: By Jennifer M. Frey, | Title: More Than Just a Recruiting Wizard | 1/22/1990 | See Source »

Many suppliers blame the 1980s buyout binge for the Campeau debacle. In the process of arranging enormous loans for overreaching raiders, the lenders and investment bankers paid little or no attention to whether the buyouts could survive over the long haul. The toll has been particularly heavy among retailing companies. In a study of 25 retail buyouts between 1983 and 1985, the Ernst & Young accounting firm found that nearly 40% had gone bankrupt or slashed their operations. For big-eyed shoppers like Campeau, the buyouts might have looked tempting, but they were hardly bargains...

Author: /time Magazine | Title: How Do You Spell Relief? Robert Campeau | 1/22/1990 | See Source »

...boom-and-bust cycles are sharply affecting U.S. housing prices, which reflect regional economic health. In Houston, gone are the bad-old-days of the mid-1980s when U-Haul trucks streamed out of town as unemployment rose above 12%. A combination of stable oil prices and the arrival of new businesses has sparked a rebound in Houston home values. At the same time, Northeast housing prices are sinking and the explosive growth of California home prices has begun to cool...

Author: /time Magazine | Title: Boom And Gloom | 1/15/1990 | See Source »

When U.S. drug agents tallied up the amount of cocaine they seized during fiscal 1989, their haul totaled 89 tons, or 44% more than last year's. The volume, which is believed to be only a small percentage of the tons flooding the country, is evidence of more than just a frighteningly effective drug- smuggling industry. The wholesale value of the coke, as much as $28 billion, is testimony to another kind of dark genius. This is the scandalous ability of the coke kingpins to launder billions of dollars in drug proceeds using many of the same financial services available...

Author: /time Magazine | Title: A Torrent of Dirty Dollars | 12/18/1989 | See Source »

Though long-haul passenger trains in the U.S. have been equipped with toilets since before the Civil War, they went on dumping effluent right onto the tracks until states passed laws in recent years forcing them to clean up their act. Amtrak, however, was given a federal exemption from such regulations. The practice has irked railway workers and bystanders, who have sometimes fallen afoul of the raw waste from speeding trains...

Author: /time Magazine | Title: TRANSPORTATION: All Aboard? Not Quite | 12/11/1989 | See Source »

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