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...Fiorentino family of Freeport, N.Y., the debt party of the 1980s is over. Like many U.S. couples, Teresa and Greg Fiorentino both worked, bought a modest house and borrowed heavily on their credit cards to finance a rising standard of living. But after Teresa, 36, quit her job as an airline reservations agent to have children, the Fiorentinos found their debt payments were devouring 65% of their income. A few months ago, they decided to stop using their credit cards. Greg, 45, has joined a savings program, and the couple have vowed to reduce 90% of their debt within...

Author: /time Magazine | Title: Rounding Up Those Personal Loans | 11/19/1990 | See Source »

...recent films have been notable commercial successes (Good Morning, Vietnam; Rain Man), has been widely praised by reviewers for attempting a movie that tries to make something instructive out of his family's past. Avalon, which Levinson directed and wrote, is a handsome and conscientiously made film, tracing the modest fortunes and misfortunes of the Krichinskys, an extended family of Jewish immigrants in Baltimore, over some 50 years...

Author: /time Magazine | Title: Cinema: Rushes: Nov. 12, 1990 | 11/12/1990 | See Source »

Still, Maureen Zack was luckier than most. She eventually won a modest divorce settlement and undertook a course of studies that led to a job as a computer instructor. Not many of the nation's 16 million so-called displaced homemakers land quite so squarely on their feet. Having worked full time in the home, they are often devastated by the economic wind shear that hits when they lose their husbands because of death, divorce, separation or abandonment. Lacking job skills, nearly 3 out of 5 live at or below the poverty level. Many more American women are vulnerable...

Author: /time Magazine | Title: The Changing Family: Wives Caution: Hazardous Work | 11/8/1990 | See Source »

...been relatively cautious, but he is nevertheless feeling the pinch. His Zeckendorf Towers in Manhattan lost its largest commercial tenant, Integrated Resources, when the investment syndicator filed for bankruptcy earlier this year. Still, because most of his debts are corporate and not personal, Zeckendorf stands to lose a relatively modest $7 million...

Author: /time Magazine | Title: Downtown Blues | 11/5/1990 | See Source »

...Soviet Union is none too healthy itself, but the Kremlin still has at its disposal one of the largest armies on earth and about 26,000 nuclear weapons. The end of this empire, if it touches off wider conflict, could make the carnage of World War I seem modest by comparison...

Author: /time Magazine | Title: History: Shaky Empires, Then and Now | 10/29/1990 | See Source »

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