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...investigation to see whether Optima executives, either at its operations office in Jacksonville or at Manhattan headquarters, falsified records to hide the true degree of card-holder defaults. The Federal Deposit Insurance Corp. is probing the matter as well, because the American Express Centurion Bank, which issues Optima, filed incorrect documents with federal regulators as a result of the apparent cover-up. Amex investors, who suffered from a sharp drop in the company's stock when the Optima trouble came to light, have filed a class-action lawsuit claiming that the company misrepresented the card's performance...

Author: /time Magazine | Title: Financial Services Hitting the Credit Limit | 10/21/1991 | See Source »

...support "Teachers for a Democratic Culture," then, not because we believe that "politically correct" views are inherently better than "politically incorrect" views, but because the group is a necessary antidote to the excesses of pc critics. The right maneuvered into a powerful position by portraying itself as an oppressed minority. Hopefully, "Teachers for a Democratic Culture" won't let them get away with...

Author: NO WRITER ATTRIBUTED | Title: Pro Anti-Anti PC | 10/2/1991 | See Source »

...first became acquainted with The Crimson's casual attitude toward facts when, my first year, I found myself in its pages, complete with quote, plans for the future and reasons for taking advanced standing. What struck me most was not that all were incorrect, but the response of the editor. "We could print a correction," I was told, "but I wouldn't worry about it--this sort of thing happens all the time around here." Indeed it does...

Author: NO WRITER ATTRIBUTED | Title: Times I Have Been Misquoted | 9/23/1991 | See Source »

...government action clearly reflects the commonsense -- and incorrect -- notion that wetlands have to be wet. While swamps and marshes are more important, the dryer wetlands have their unique role in the environment. They are natural flood controls, and they also act as filtration systems for water passing through them. Some wetland plants absorb toxic pollutants like heavy metals...

Author: /time Magazine | Title: War Over The Wetlands | 8/26/1991 | See Source »

AIDS patients feel that their bleak situation justifies the illegal trade. Hoffman-La Roche contends that the counterfeit pills may contain dangerous contaminants or that they may be formulated in incorrect, and possibly toxic, doses. But fear of the disease far outweighs any fear of the drug...

Author: /time Magazine | Title: A Counterfeit Treatment | 7/29/1991 | See Source »

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