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...that could worsen the recession and prolong it through next year and beyond. Chief among them is the threat of a drawn-out war in the Persian Gulf. That could push the price of oil, which closed at $25.92 per bbl. last week, well past the $41.40-per-bbl. peak that it hit in October. Another serious threat is the possibility of a crisis in the U.S. banking system, which is awash in bad loans and increasingly reluctant to lend more money. L. William Seidman, chairman of the Federal Deposit Insurance Corporation, told Congress last week that 1991 is likely...

Author: /time Magazine | Title: How Long Will It Last? | 12/31/1990 | See Source »

...average chocolate candy bar melts at 78 degrees F. The average day in the Saudi Arabian desert can peak at a toasty 120 degrees. Result: a sticky problem for G.I.s who crave a little chocolate as they wage a waiting war along the Saudi-Iraqi border. Last week Pennsylvania's Hershey Foods launched an all-out offensive against the candy-killing climate of the Middle East. Its secret weapon: 144,000 Desert Bars. Designed to meet the Army's demand for "heat-resistant" milk chocolate, the Desert Bar approximates the flavor of its home-front cousins, while standing...

Author: /time Magazine | Title: CONFECTIONS: Now That's a Hot Chocolate | 12/24/1990 | See Source »

...filing came as the nation's fifth largest carrier was beginning to win back customers with a better on-time performance and other improvements. Most passengers stuck with the airline. The real crunch may come next month when the peak season ends. "Once holiday price slashing is over, fares will have to increase," Harris said. "But to raise them at the rate necessary to offset the total increase in fuel prices would cripple business travel and all but obliterate pleasure travel." Harris must navigate such turbulence if he expects to fly Continental out of Chapter...

Author: /time Magazine | Title: AIRLINES: Back in a Tailspin | 12/17/1990 | See Source »

...flat, but vintners argue that while people may be drinking less, they're drinking better. According to a survey by Hambrecht & Quist, a San Francisco investment firm, sales of California's premium wines have increased an average of 19.6% a year over the past five years. At the peak of the scale, California's ultra-premiums command prices that come close to matching those of Europe's best. Diamond Creek's tannic, concentrated 1987 Lake Vineyard Cabernet Sauvignon went on sale last year at $100 a bottle. The 75 cases were gone within days...

Author: /time Magazine | Title: Food: A Golden Age for Grapes | 12/10/1990 | See Source »

Adult Rate: $36 at window, $32 off-site;Peak Season 1/2/91-3/17/91 $24 at window, $20offsite...

Author: NO WRITER ATTRIBUTED | Title: SKI LISTINGS | 12/6/1990 | See Source »

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