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Two wars continue in Ethiopia: one against drought and famine, the other between government forces and well-armed insurgents. Long-suffering Ethiopians are the losers in both. In recent weeks rebels in the northern provinces of Eritrea and Tigre, where close to 3 million people are at risk of dying...

Author: /time Magazine | Title: Ethiopia Twin Plagues of War and Famine | 3/28/1988 | See Source »

In the U.S., the Kuwaitis own Santa Fe International, a leading oil-drilling company; the Atlanta Hilton hotel; and a controlling interest in the Dallas Galleria, a glittering complex of shops, offices and a hotel. The Kuwaitis are more visible in Europe. They own billions of dollars worth of British...

Author: /time Magazine | Title: First A Savior, Now a Suspect | 3/28/1988 | See Source »

A week earlier, complying with a directive from Australian stock exchanges for all companies to disclose the damages they suffered in the crash, Holmes a Court gave a stunning account of his companies' net losses, now estimated at $1 billion. Holmes a Court described how his principal companies -- Bell Group...

Author: /time Magazine | Title: The Harder They Fall: An Aussie raider's tumble | 3/14/1988 | See Source »

Eliminate special breaks for energy and mining companies. These industries could do without the oil-depletion allowance and other tax-accounting preferences. $2.6 billion

Author: /time Magazine | Title: Time's Proposal Yes, It Can Be Done | 2/29/1988 | See Source »

Since raising its flag in 1977, Bophuthatswana (pop. 1.7 million) has always been considered the most viable of the four "independent" black homelands | set up by South Africa. Bop, as the homeland is sensibly known, derives substantial revenues from platinum mining and the gambling resort of Sun City. But Bop...

Author: /time Magazine | Title: South Africa: Stopping a Coup in Bop | 2/22/1988 | See Source »

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