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...meantime, Greenspan also urged federal regulators to take a hint from the GAO report released last week and try to tighten their supervision of banking operations. The report noted that 22 of the 406 banks that failed in 1988 and 1989 never appeared on the FDIC's problem-bank list. "Banks have been able to hide their nonperforming loans," contends Robert Litan, a banking expert at the Brookings Institution. Such subterfuge would be more difficult if banks were to undergo annual on-site inspections. Until 1956 federal regulations required two such audits a year, but by the 1980s some banks...

Author: /time Magazine | Title: Breaking The Bank: FDIC is low on cash and may need a bailout | 9/24/1990 | See Source »

...civilized world far greater than that of mere commercial rivalry. It is guilty of both the barbaric repression of its own people and the atrocious treatment of outsiders. Iraqi dictator Saddam Hussein's current manipulation of Western hostages may be stomach-turning, but it reveals only a hint of the ruthlessness he showed in using poison gas against both Iranians and his own Kurdish civilians...

Author: By Joseph Enis, | Title: The Only Cure for the Iraq Disease | 9/20/1990 | See Source »

...fact, many nations would decide for themselves. Jordan even now says it will not interrupt delivery of food and medicine to Iraq or its import of Iraqi oil. China and Iran hint they are rethinking the question. Altogether, nine countries have indicated that they may seek exemptions from the embargo. From these early signals it is clear that starvation will not become a U.N. weapon. The U.S. does not want to starve Iraq either; its plan is to make Iraqis' diet so minimal that they will become resentful and discontented...

Author: /time Magazine | Title: The Gulf: Measuring The Embargo's Bite | 9/17/1990 | See Source »

...quartet of Italian-American brothers who move back to their mother's house in Brooklyn, is cleverly written and brightly acted. But that doesn't compensate for its rancid rehashing of every Italian stereotype known to Hollywood. (One brother is a playboy; another a wheeler- dealer with a hint of Mob connections; a third almost gives Mom a heart attack when he brings home a Jewish girl...

Author: /time Magazine | Title: Video: The Novelty Is Only Skin Deep | 9/17/1990 | See Source »

...mistakes George Bush has made in his otherwise masterly handling of the showdown was to hint in a press conference that Saddam's physical elimination was an objective of U.S. policy. The President's advisers persuaded him to back off. But last week Bush's jaw still tightened and his eyes narrowed when he uttered any sentence that had Saddam's name in it. Like earlier confrontations between Bush's predecessors and Castro or Gaddafi, this one is personal, not just for the President but for much of the U.S. public as well...

Author: /time Magazine | Title: The Gulf: America Abroad: The Search for Supervillains | 9/3/1990 | See Source »

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