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Despite the persistent spotlight on the President's son, the story of Silverado's amazing expansion and rapid demise illustrates the broader evils behind the S&L disaster. It is a tale of interlocking relationships and sweet deals among S&Ls and their biggest customers, the possible impact of political contributions in delaying crackdowns by regulators, even the deceptive lure of junk bonds and their king, Michael Milken. It is not a case history of nice guys being caught innocently in an oil bust, as the defunct thrift's managers often claim. It is a study in greed, deceit...

Author: /time Magazine | Title: Running with A Bad Crowd: Neil Bush & the $1 billion Silverado debacle | 10/1/1990 | See Source »

Late in the first half, UConn's blasting hits planted the Huskies in the Crimson's end. Harvard's defense struggled under rapid fire, corner after corner, until UConn made Harvard's worst nightmares come true, tying up the game with a mere 2:39 left before intermission...

Author: By Sandra Block, | Title: The Streak's Over For Stickwomen | 9/28/1990 | See Source »

Almost unbelievably, the most-traveled route on the Amtrak system--the Boston-Washington line--is still not fully electrified; all trains must switch locomotives in New Haven, Conn. The U.S. needs a renewed political and financial commitment to making train travel rapid and economical. Developing a new generation of high-speed trains will be awfully expensive (especially building rail lines through the suburban sprawl of the Northeast Corridor), but the energy shortage will require it sooner or later. And the longer we wait, the worse the obstacles become...

Author: NO WRITER ATTRIBUTED | Title: Brace for the Storm | 9/26/1990 | See Source »

Atlanta's lack of Cambridge-style frenzy does not mean it is a sleepy, podunk town. With a rejuvenated down-town, sprawling suburbs, rapid commercial growth and substantial improvements in infrastructure, Atlanta truly deserves its newfound spot on the Map of Important Places. Thanks in large part to Atlanta, the vocal twang once associated exclusively with Aunt Bea and Opie no longer automatically marks one as the product of a cultural backwater...

Author: By Eryn R. Brown, | Title: Athens, Rome, Berlin, Atlanta? | 9/25/1990 | See Source »

...days," says Dave McCurdy, a member of the House Armed Services Committee, "our troops would have been slaughtered." Since then, at least 40,000 American soldiers and Marines and almost a million tons of equipment have followed. But senior officers say they still need another month or two of rapid buildup to reach adequate defensive strength. Only last week, 22 days after Operation Desert Shield got under way, did the first M-1 tanks, which would be essential for fighting Iraqi armor, arrive at Saudi ports...

Author: /time Magazine | Title: The Gulf: Military Message | 9/10/1990 | See Source »

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