Word: houstons
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Dates: during 1980-1989
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...largest of the 69 U.S. banks that have failed this year. The collapse of Unitedbank-Houston (assets: $218 million) showed once again how shaky some parts of the American financial system are, especially in the depressed oil patch. When officials from the Federal Deposit Insurance Corporation shut down the bank last week, TIME Correspondent Richard Woodbury went along to see how such an operation is carried out. As it happened, the drama had an unexpected denouement. His report...
Last Wednesday 150 FDIC liquidators began gathering in Houston. To avoid | detection that could lead to a run on the bank, they slipped into a downtown hotel under the cover identity of "Gulf Coast Tours." At 3:12 the next afternoon, minutes after the end of the banking day, they started streaming into the classy marble headquarters and three downtown branches. After assembling the headquarters employees in a basement lobby, Liquidation Specialist Timothy Putnam told them, "As of now, you're on the payroll of the FDIC. You'll get overtime tonight. Balance your windows. Finish your processing. Dinner...
...genetically altered human beings might be next, despite the fact that the Patent Office statement clearly specified "nonhuman" life. "My fear is that we will begin valuing human beings as no different from animals," said J. Robert Nelson, director of the Institute of Religion at Texas Medical Center in Houston...
...hours later Gedman became a free agent ineligible to re-sign with his former club until May 1. A six-year veteran, the left-handed slugger talked to several other clubs and turned down lesser offers from Houston and Oakland...
...Astros are making an different sort of change. Never again will fans see the weird orange and yellow stripes across the torso for both home and away games. Houston now wears all white at home and an unfamiliar cream on the road...