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...B.C.C.I. bankers have told TIME that Altman even traveled to London to assure B.C.C.I. shareholders that the money-laundering case was a mere aberration that would be swiftly settled. Altman later returned to London, the insiders said, to soothe shareholders' concerns about B.C.C.I.'s losses by blaming the red ink on depressed conditions in many Third World areas where the sprawling bank operated...

Author: /time Magazine | Title: Corruption: Feeling the Heat | 8/5/1991 | See Source »

...Savannah, where he was the only black in the 1967 graduating class, and for a year at Immaculate Conception Seminary in Conception, Mo. Remembering his childhood as he spoke to reporters in Kennebunkport, Thomas choked up so much that he could barely get through the remarks scrawled in ink on a sheet of loose-leaf paper. "I thank all of those who have helped me along the way . . . especially my grandparents, my mother and the nuns, all of whom were adamant that I grow up to make something of myself...

Author: /time Magazine | Title: The Supreme Court: Marching to a Different Drummer | 7/15/1991 | See Source »

Thirty-nine nations are negotiating in Geneva to draft a treaty banning production, use or stockpiling of chemical weapons. But verification will probably be frustrating. Chemical weapons are ridiculously easy to make; even a chemical used in ink for ball-point pens can readily be treated to form mustard gas. Verification proposals include "black box" sensors installed at chemical plants to analyze randomly what is being produced; another idea is to aim laser infrared radars at smokestack plumes. While such techniques would not be perfect, says a U.S. official, "chemical weapons are so difficult to control that any slowing down...

Author: /time Magazine | Title: Disarmament: How to Hide an A-Bomb | 7/8/1991 | See Source »

...curbstone commentators have used in recent weeks. The town that likes to think of itself as the capital of the universe is, in a word, broke. Within days there may be no money to pay its 243,000 employees, and on the horizon there is only more red ink and pain. In 1975 the city pulled itself up from a similar fate, but this time, officials insist, the situation is even worse. The recession -- added to the high costs of dealing with the rise in drugs and crime, homelessness and the AIDS epidemic -- has aggravated already overwhelming urban problems...

Author: /time Magazine | Title: Speak Softly and Carry A Big Hatchet | 5/27/1991 | See Source »

...falsifying data lay outside our moral universe. The least you could do as a scientist was record exactly what you observed (in ink, in notebooks that never left the lab). The most you could do was arrange the experimental circumstances so as to entrap the elusive It and squeeze out some small confession: This is how the enzyme works, or the protein folds, or the gene makes known its message. But always, and no matter what, you let It do the talking. And when It spoke, which wasn't often, your reward, as one of my professors used...

Author: /time Magazine | Title: Essay: Science, Lies and The Ultimate Truth | 5/20/1991 | See Source »

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