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...panic spread to Baltimore's Merritt Commercial Savings (assets: $339 million) following news reports that state regulators had asked the thrift to bolster its cash position by selling a 39-story downtown skyscraper it is constructing. Maryland authorities tried to restore confidence by placing both institutions under the wing of state conservators, but that failed to stop the runs from spreading to other privately insured thrifts...

Author: /time Magazine | Title: Maryland: Another Time Bomb Goes Off | 5/27/1985 | See Source »

...laws will require all Maryland S and Ls to obtain federal coverage within four years or close their doors. In case they need state help in the meantime, the legislators authorized a $100 million bond issue. To reduce Maryland's potential loss in rehabilitating the Old Court and Merritt thrifts, the state began negotiating their sale to such institutions as New York's Citicorp and Chase Manhattan...

Author: /time Magazine | Title: Maryland: Another Time Bomb Goes Off | 5/27/1985 | See Source »

...power of the play comes from the barely suppressed rage of its central characters: Ma Rainey (Theresa Merritt), a fierce, massive singer who has reacted to prejudice by creating an isolated world in which she need not tolerate the least compromise, and her backup trumpet player (Charles Dutton), a keenly ambitious composer-arranger who is fixated on the memory of his mother's rape by white thugs. When these two potent wills clash, the bystander who suffers is, inevitably, one of their own and not a white oppressor. Episodic and slow but vividly real in portraying even minor characters...

Author: /time Magazine | Title: Theater: They Defied the Doomsayers | 5/20/1985 | See Source »

...growls, "I gotcha!" The roomful of first-graders turns thumbs down, but not on the villain. They think the boy has made himself too easy a mark. He gets higher grades in a rerun by standing back and shouting, "Let me alone!" as the man, played by Teacher Jon Merritt, tries to lure him into a make-believe...

Author: /time Magazine | Title: Education: Facing Up to Sex Abuse | 11/12/1984 | See Source »

...March 18, Teresa Ferguson was kidnaped from a shopping mall in Merritt Island, Fla. Two days later her strangled body was found in a swamp. Terry Dianne Walden, 23, a Lamar University student, was reported missing in Beaumont, Texas, on March 23. Police discovered her body in a drainage canal three days later; she had been bound and stabbed to death. Sheryl Bonaventura, 18, was reported missing from a Grand Junction, Colo., shopping mall on March 29. Three days later, in Las Vegas,, Michele Korfman, 17, disappeared from a shopping mall where she had been appearing in a beauty contest...

Author: /time Magazine | Title: Trail of Death | 4/16/1984 | See Source »

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