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...real energy of Africa, and its future, lies outside present government structures. Africans have been even quicker than Western donors to cut themselves off from corrupt government and nonfunctioning states. They simply ignore their governments because they have their own economy. Variously called the "informal sector" or the "parallel" economy, it is the real engine of life...

Author: /time Magazine | Title: Africa: the Scramble for Survival | 9/7/1992 | See Source »

...months, Saddam Hussein has pounded the rebellious Shi'ite Moslems of southern Iraq. But last week President Bush made good on his promise to keep Baghdad from bombing the rebels, declaring that any Iraqi fighter crossing south of the 32nd parallel would be shot down. As of week's end allied pilots reported no Iraqi aircraft in the "no-fly zone." Saddam's only comment: "We will choose the appropriate method and timing to confront this unjust, hostile decision...

Author: /time Magazine | Title: Don't Take Off! | 9/7/1992 | See Source »

...fortnight, Jay Leno returns to The Tonight Show to find his competition with late-night rival Arsenio Hall fiercer than any jock grudge match. Consider the events. The javelin backstab. The 100-m bad-mouth. Synchronized sniping. Follyball. And -- given Leno's 33% ratings advantage over Hall -- the uneven parallel talk shows. Who needs Barcelona? These are the games of summer...

Author: /time Magazine | Title: The Bad Boys of Summer | 8/17/1992 | See Source »

Thinking Machines specializes in "massivelyparallel" computers. Traditional computers use asingle microchip to do all of their work, whilemassively parallel computers use huge networks ofprocessors that are knit together in complex webs...

Author: By Ira E. Stoll, CRIMSON STAFF WRITER | Title: Gore will Visit Cambridge | 8/11/1992 | See Source »

...five-decade career. New York State and federal authorities have charged Clark Clifford, the patrician lawyer who has counseled every Democratic U.S. President since Harry Truman, and his partner-protege, Robert Altman, with conspiracy to defraud by helping B.C.C.I. secretly buy and control two large U.S. banks. In a parallel move, the Federal Reserve announced that it has started a civil action against the pair. Clifford faces up to nine years and Altman up to 31 years in prison, as well as millions in fines and penalties, if convicted. They vehemently denied the charges as "meanspirited" and based wholly...

Author: /time Magazine | Title: An Icon Falls in The B.C.C.I. Scandal | 8/10/1992 | See Source »

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