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...close branches in unprofitable, low-income districts. Last week Chemical Bank, which has been progressive in serving poor neighborhoods, vowed not to close branches in low-and-moderate-income areas where customers would have to go more than three blocks to find another one. Under the Community Reinvest ment Act, banks must submit their plans for serving poor neighborhoods to government scrutiny before a merger is approved...

Author: /time Magazine | Title: IS BIGGER BADDER? | 9/11/1995 | See Source »

...implicates the government in overt racial discrimination in several ways. It will be administered by a state university. The business contri bu tions presumably will be tax-de ductible. Above all, the Oseola McCarty Scholarship Fund--and in deed all private, so-called voluntary affirmative action--causes the govern ment to be racially biased in its po l icy toward private discrimination. The government would quickly step in to stop even a sweet old lady from setting up a whites-only scholarship fund. That would clearly violate about 18 laws, including the 1964 Civil Rights Act. So those who insist...

Author: /time Magazine | Title: GENEROUS OLD LADY, OR REVERSE RACIST? | 8/28/1995 | See Source »

Last fall, Coles asked Rudenstine for University backing for a project to increase professors' participation in PBH summer programs. Although Rudenstine at first refused to com- ment on Coles' proposal, he said later that hesupported the program...

Author: By Sarah J. Schaffer, | Title: Coles Secures Funding for Summer Programs | 6/7/1995 | See Source »

...powerless to stop. Financial markets, al- ready spooked by the Chechen conflict and further unnerved by the atmosphere of political uncertainty, drove the ruble toward an all-time low against the dollar, even as a delegation from the International Monetary Fund was in Moscow to review the govern- ment's commitment to economic reform. At stake is a $12 billion loan package to back an economic-stabilization program. Parliament jeopardized that program last week by deciding to delay a critical vote on the 1995 budget that is intended to curb runaway government spending and re- duce the deficit. A revised...

Author: /time Magazine | Title: A FIGHT TO THE LAST BOY? | 1/30/1995 | See Source »

...didn't go out and say, I am," Cutler said. to get better at communicating the big stuff. In we need to address the everybody cares about-less ment, more job security, health care and a better tax system...

Author: By Raideh A. Shraz, | Title: Cutler Predicts More Gridlock | 11/10/1994 | See Source »

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