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...made $1 billion betting against the British pound, earning him the grudging title of the Man Who Broke the Bank of England. This summer Malaysian Prime Minister Mahathir Mohamad accused him of being a criminal. He said Soros the speculator had attacked Southeast Asian currencies to punish their governments for admitting the Burmese military regime--which Soros the humanitarian opposes--to asean, a regional political and trade organization...

Author: /time Magazine | Title: TURNING DOLLARS INTO CHANGE | 9/1/1997 | See Source »

...shirt in payment. Then he knelt, took a handful of dirt from each parent's grave and prayed that their spirits would look after him. Returning to his work unit, he disobeyed orders, went off in search of food and came across a mass grave of 30 bodies. To punish him, soldiers tied him to a bamboo pole and left him to starve for days. Eventually he escaped and walked miles on his own until he reached Khao I Dang...

Author: /time Magazine | Title: MEMORIES OF POL POT | 8/18/1997 | See Source »

...mostly from the Federal Government but scarcely from states and cities. Government couldn't seize a mansion without a hearing, but it could repossess a car or kick someone off welfare without explaining why. Desegregation was required in principle but not in practice. Sex discrimination was legal. Officials could punish their critics. Religious practices could be penalized...

Author: /time Magazine | Title: LION OF LIBERALISM | 8/4/1997 | See Source »

WASHINGTON, D.C.: General Ronald Fogleman, the Air Force Chief of Staff, asked for early retirement today, raising speculation that Defense Secretary William Cohen has decided to punish Air Force generals in connection with the Khobar Towers bombing. Fogleman, a highly decorated Vietnam War pilot and the 16th Air Force chief of staff, had said he would resign if Cohen held the generals accountable for failing to prevent the June 1996 terrorist blast which killed 19 U.S. airmen. Air Force officials said Fogleman's decision to resign was linked to the defense secretary's anticipated decision, which is expected later this...

Author: /time Magazine | Title: Bailing Out | 7/28/1997 | See Source »

...agreement, tobacco companies will pay out $360 billion over 25 years into a settlement fund to finance public health campaigns and anti-smoking advertising, while disbursing $4 billion a year into a fund to pay damages in successful lawsuits brought by smokers. "We wanted to do something that would punish this industry for its past misconduct and we have done that," declared Mississippi Attorney General Michael Moore. Maybe so, but 20 state attorneys general are pressing ahead with lawsuits against the industry pending ratification of the deal by Congress and the President. While public pressure makes that scenario a near...

Author: /time Magazine | Title: Tobacco Settlement Reached | 6/20/1997 | See Source »

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