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...situation is a marked turnaround from 1986, when unemployment topped 12%, U-Haul trailers streamed out of the city, and foreclosures were rampant. Today the area has regained 77% of the 220,000 jobs it lost; unemployment has been whittled to 5.3%; and suburban condos that sank in value to as little as $5,000 have rebounded to more than...

Author: /time Magazine | Title: There Was Nowhere to Go but Up | 7/9/1990 | See Source »

...other like-minded politicians are also hostile to efforts to educate people, particularly young people, about safe-sex practices. Most teens are not likely to be exposed to the AIDS virus, but those who become sexually active at an early age, particularly in poor communities where drug use is rampant, are at risk. A Government study found that about 1% of the black teenage girls who bore children in New York City during 1988 were infected with the AIDS virus. There is a 40% to 60% chance that an infected woman will transmit the virus to her child...

Author: /time Magazine | Title: Medicine: A Losing Battle With AIDS | 7/2/1990 | See Source »

When Hornsby began to write songs for his new album, he explains in countless interviews, he knew he had a problem. Yes, he had achieved the elusive "style" sought by so many of today's fleeting pop stars. But this style ran rampant and overwhelmed every project Hornsby touched. "End of the Innocence," last summer's hit by Don Henley, reeked of Hornsby's syncopated chord-jazzy piano run formula, and even his most ardent fans were thinking it was time for a change...

Author: By Brian R. Hecht, | Title: Going Beyond That Hornsby Sound | 6/29/1990 | See Source »

Where did the money go? That's the most vexing question produced by the rampant fraud that has wiped out hundreds of banks and thrifts in recent years. But Edmund Pankau, a Houston private eye, knows how to find the booty. Case in point: last fall a real estate developer who was two years delinquent on a $2 million loan suddenly showed up at his Houston bank and offered to settle for $200,000. Bank officers wondered whether he might be harboring far more cash. They called in Pankau, who combed public records and found that the developer had come...

Author: /time Magazine | Title: If The Loot's There, He'll Find It | 5/21/1990 | See Source »

Kenya may be losing its allure for investors, however. Fed up with rampant corruption and maddening excesses of bureaucracy, businessmen -- both foreign and local -- are thinking twice. According to a Nairobi-based U.S. official, there have been few major foreign investments in Kenya in the past decade. Instead, there has been significant disinvestment. An economic downturn will be especially painful, since business is already expanding too slowly to generate sufficient jobs for the population, which is multiplying by a phenomenal 3.7% a year, one of the highest rates in the world...

Author: /time Magazine | Title: Kenya: The Surprising Holdout | 5/21/1990 | See Source »

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