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Often the cash vanishes from vaults only to reappear in the wallets of executives, who use it for personal pleasure. After Bell Savings and Loan of San Mateo, Calif., failed in 1985 with losses totaling $495 million, authorities found that Partner David Butler had used corporate funds to buy expensive racing airplanes for his exclusive use. Butler pleaded guilty to two felony counts and is awaiting sentencing. In the ongoing investigation of the failure of Texas-based Vernon Savings and Loan, in which regulators charge that top officials have looted the S and L for their own gain, former Senior...

Author: /time Magazine | Title: How To Rob Banks Without a Gun | 8/15/1988 | See Source »

...Modern moviemakers are good at capturing the choreography of fights -- they understand the Apache dance. But in their Dolby deafness they overdo the supersonic bashing and skip one of the crucial attractions: the missing. Making a man miss is the art. Fundamentally, boxers are elusive. They vanish one moment, reappear the next, rolling around the ring like the smoke in the light...

Author: /time Magazine | Title: Sport: Boxing's Allure | 6/27/1988 | See Source »

...crying out "They still hate you. They still hate you," as he dies slowly. Immediately Johnson expresses to the audience the torment of Waters' life and the wide wedge of racism which has torn apart his life. Fortunately, the play's frequent use of flashbacks allows Johnson to reappear onstage a great deal...

Author: By Melanie R. Williams, | Title: Top Brass | 4/29/1988 | See Source »

Although negative political ads are as old as the Republic, commentators still cluck with disapproval each time the ads reappear, while candidates employ euphemisms to avoid using the N word. Television has made the strategy riskier. Because of the medium's power and unpredictable effects, candidates have been reluctant to use the small screen for political sallies. But the flurry of so-called comparative ads during last week's primary showed that restraint has been cast aside. The tone and character of much of the TV advertising for the rest of the primaries may be tough, accusatory, even mean...

Author: /time Magazine | Title: Political Campaigns: Accentuating The Negative | 2/29/1988 | See Source »

Former White House Chief of Staff Donald Regan testified about his efforts to prevent a Korean client of Deaver's from getting a two-minute meeting with , the President. Regan said he repeatedly vetoed the trade-related meeting, only to see it reappear on Reagan's schedule. Deaver was paid $475,000 for setting up the appointment and doing a few other errands for the Koreans. Philip Morris paid Deaver $250,000 to help win access to the South Korean tobacco market; company officials acknowledged they were overjoyed when Deaver obtained an hour-long meeting with South Korean President Chun...

Author: /time Magazine | Title: The High Price of Friendship | 12/28/1987 | See Source »

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