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Simon now stands to pocket an estimated $20 million by selling First Interstate of Hawaii, which owns the state's fourth largest bank, to First Hawaiian, the second largest banking firm, for about $140 million. Simon's investment group paid $31 million for First Interstate when it acquired the holding company last year...

Author: /time Magazine | Title: DEALS: Take My Bank, Please | 10/29/1990 | See Source »

...Action Network, the Sierra Club and the Natural Resources Defense Council, call the geothermal project unsafe and unnecessary. Moreover, they argue, the drilling rigs, power plants, transmission lines and roads in the plan will harm or destroy tracts of the precious Wao Kele O Puna rain forest. Even native Hawaiian religious groups oppose the scheme, claiming that it will rob the volcano-dwelling goddess Pele of body heat...

Author: /time Magazine | Title: Environment: Hot Tempers in Hawaii | 8/13/1990 | See Source »

...hectares (29,000 acres) are solely or jointly managed by the Nature Conservancy. "To suggest that the state of Hawaii is a villain for recklessly demolishing its rain forests is insulting and unfair," said Senator Daniel Inouye in June, while asking Congress to appropriate $15 million for Hawaiian geothermal research...

Author: /time Magazine | Title: Environment: Hot Tempers in Hawaii | 8/13/1990 | See Source »

...area can invade another (plant seeds, for example, can stick to vehicle tires). Wao Kele O Puna may not be the most pristine forest in Hawaii, but just 10% of the state's original lowland rain forest remains intact. The forest is still home to animals, such as the Hawaiian hawk and the happy-face spider, which are found only in the islands, as well as to unique medicinal plants. Says Henry Auwae, a practitioner of herbal medicine who traveled to Washington last year to share his knowledge with the Smithsonian Institution: "Wao Kele produces these plants with a quality...

Author: /time Magazine | Title: Environment: Hot Tempers in Hawaii | 8/13/1990 | See Source »

Dack is short for Dacron. His brothers are Rayon and Orlon. They are among the neighbors Clea finds when she moves to a Vermont village and discovers that this seemingly idyllic countryside is filled with -- gasp! -- polyester. Down at Casa Loretta, they feature Spam burritos and Hawaiian pizza. The local postmistress steams open love letters, the Avon lady writes bad romance novels, and the sheriff makes pronouncements like "If you're not normal in this country, you get put in jail." Such rural New England cliches make Newhart seem like subtle satire, but Alther recycles them with such a tone...

Author: /time Magazine | Title: Books: One To Miss | 5/21/1990 | See Source »

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