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...after bank failed, the wanted list swelled. While some of the bankers turned themselves in and were released on bail to await formal indictments and trials, several set up in Miami. Among them: - Ricardo Cisneros, a former Banco Latino director who with his brother Gustavo runs Grupo Cisneros, a multibillion-dollar conglomerate that owns, among other things, the Spalding sporting-goods company. Cisneros, who is charged with fraud, contends that he did not serve on the management team that ran the bank's daily business and thus knew nothing of any improprieties. Gustavo, who has not been implicated...

Author: /time Magazine | Title: BANKING: WE'RE ALL GOING TO PAY | 2/20/1995 | See Source »

With a re-election campaign looming, an embattled President decided to chuck % his old program and go for broke. On national TV he proposed a multibillion- dollar package of tax cuts, including expanded IRAs for medical bills, education and the purchase of a first home. That evening, an upstart in the opposition party dismissed the proposals as "too little, too late." Later the critic added, "I don't think using the IRAs to finance college loans and health care, as the President proposed, is a good idea...

Author: /time Magazine | Title: The 12-Minute Makeover | 12/26/1994 | See Source »

Probably the happy American couple has carried the old twice-a-week standard around in its head and in those weeks when there is only one sweaty encounter has felt that something must be wrong. Probably that feeling of not meeting one's sexual quota is what drives the multibillion-dollar diet industry and produces all those identical magazine articles about "Ten Ways to Make Your Marriage Sensational...

Author: /time Magazine | Title: It's Good Old Monogamy That's Really Sexy | 10/17/1994 | See Source »

...million to 3,500 Alaska Natives who claimed losses as a result of the 1989 oil spill in Prince William Sound. This is the first time individuals have been awarded money in connection with the spill, but it may be just the tip of the liability iceberg for the multibillion-dollar corporation. Within days, a lawsuit filed by fishermen claiming $895 million from the company will be decided. What to watch for: a massive $15 billion claim for punitive damages against Exxon, likely to be brought by nearly everyone who claims to have been affected by the spill. The company...

Author: /time Magazine | Title: EXXON . . . PAYING FOR ITS SPILL | 7/25/1994 | See Source »

...presence in Riga and Warsaw earlier in the week was designed to show East Europeans that the U.S. has not forgotten about them while cultivating a Russia that they still deeply distrust. At the Naples summit, Clinton and his G-7 colleagues agreed on the outlines of a new multibillion-dollar aid package for Ukraine. The seven countries would help pay for decommissioning the four nuclear reactors at the infamous Chernobyl site and completing three new nuclear power plants that would generate much more electricity. Additional billions would be extended on the condition that Kiev undertake some major economic reforms...

Author: /time Magazine | Title: We Interrupt This Summit for . . . | 7/18/1994 | See Source »

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