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...Ohio stampeded to withdraw money when the failure of a Cincinnati thrift threatened to bankrupt the state's private deposit-insurance fund. Ohio Governor Richard Celeste temporarily closed the S and Ls and required them to apply for federal insurance. Two months later, Maryland Governor Harry Hughes seized temporary control of 102 institutions after a similar panic developed...

Author: /time Magazine | Title: The Year of Big Splashes | 6/21/2005 | See Source »

...Another oft-used example is of two Maryland men who supposedly put a hot-air balloon into a commercial laundry dryer. The machine exploded, injuring both men, who won $885,000 from the maker of the dryer. What actually happened is that the men took the balloon to a hospital that had laundry equipment designed for industrial purposes. The dryer vibrated violently and then exploded. Both men were injured; one required microsurgery to reattach his hand, which was almost severed. The dryer's maker had a patent on a device that would have stopped the dryer automatically if it began...

Author: /time Magazine | Title: Nation: Sorry, Your Policy Is Canceled | 6/21/2005 | See Source »

...limit, the U.S. Department of Transportation can withhold up to 10% of that state's federal highway funds. The department monitors compliance electronically with subterranean sensors. For two years Arizona has not been in compliance, and stands to lose $5 million worth of highway funds so far; Vermont and Maryland have also failed to meet compliance standards, but are contesting federal methods for compiling speeding data...

Author: /time Magazine | Title: Thunder Road: States fight the 55-m.p.h. limit | 6/21/2005 | See Source »

...duchess, née Bessie Wallis Warfield of Baltimore, came from two of those old Maryland and Virginia families that like to trace their ancestry to William the Conqueror. But the Warfields' relative social prominence was not matched by wealth, especially after Wallis' father died when she was only a few months old. She married her first husband, Earl Winfield Spencer Jr., a Navy officer, in 1916. Intensely jealous, he occasionally locked her in her room; they were divorced in 1927 after years of separation. The following year she married Ernest Simpson, a quiet, scholarly, American-born Briton, also recently divorced...

Author: /time Magazine | Title: Wallis, Duchess of Windsor: 1896-1986 | 6/21/2005 | See Source »

...Civil War Ransom. When Confederate soldiers surrounded Frederick, Md., in 1864 and threatened to destroy federal stores unless a ransom was paid, townspeople rustled up $200,000. The victorious Union never repaid the money, and outgoing Maryland Senator Charles Mathias has been trying to collect it for a dozen years. Last week he finally succeeded...

Author: /time Magazine | Title: Congress's Hidden Goodies | 6/21/2005 | See Source »

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