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...deal, Wall Street's investment bankers are rebuilding a business that all but collapsed with the waning of the '80s. A recent surge of deals ranging from bank megamergers to huge new stock and bond issues is putting some chastened wheeler-dealers back on their feet. But without the limitless pots of cash that the now shrunken junk-bond market once provided, the investment bankers can no longer arrange the sort of blockbuster buyouts that produced breathtaking profits for Wall Street in the past decade. Instead, the erstwhile Masters of the Universe now rescue debt-laden companies and humbly take...

Author: /time Magazine | Title: Wall Street The Dealers Return | 9/16/1991 | See Source »

...fact far more complex. It is a vast, stateless, multinational corporation that deploys its own intelligence agency, complete with a paramilitary wing and enforcement units, known collectively as the "black network." It maintains its own diplomatic relations with foreign countries through bank "protocol officers" who use seemingly limitless amounts of cash to pursue Abedi's goals. B.C.C.I. trades massively and for its own account in commodities ranging from grain, rice, cement and coffee to timber, carpets and anchovies. It is a force to be reckoned with in international oil markets and, through its intertwined relationship with the Gokal brothers' shipping...

Author: /time Magazine | Title: Scandals: Not Just a Bank | 9/2/1991 | See Source »

...words are as loaded as the Q word. Historically linked to Vietnam and defeat, quagmire connotes a limitless undertaking that corrodes a nation's confidence and well-being. Before the gulf war, Bush was at pains to say, "There's not going to be any long drawn-out agony of Vietnam." Why he now appears to be the last American still haunted by the Vietnam analogy is baffling. Besides the self-evident -- America's Kurdish-aid mission bears * little if any resemblance to anything the U.S. undertook in Vietnam -- it is Bush himself who has trumpeted America's gulf triumph...

Author: /time Magazine | Title: The Political Interest Banish the Q Word | 5/20/1991 | See Source »

Berkeley and Brown attempt to achieve depth in an almost limitless field by dividing their programs into three branches of study...

Author: By Seth S. Harkness, | Title: Scholars Consider Alternatives for An Interdisciplinary Curriculum | 2/12/1991 | See Source »

...years Harry Tisch was the leader of the Confederation of Free German Trade Unions, commanding more than 9 million members and almost limitless perks. But when communism fell, so did Tisch, and last week he became the first member of the former East German regime to go on trial for abusing his power. Among the charges against him: diverting $70 million in union funds to personal projects, including the construction of a luxury hunting lodge on the Baltic...

Author: /time Magazine | Title: GERMANY: Fall of The Mighty | 2/11/1991 | See Source »

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