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...London court halted the liquidation of B.C.C.I.'s British branches until December to give Sheik Zayed bin Sultan al-Nahayan, the ruler of Abu Dhabi who acquired control of B.C.C.I. last year, a chance to rescue depositors and develop a plan to reopen a cleansed and scaled-down version of the global bank. Zayed immediately put up $84 million to help rescue the 120,000 British customers who had entrusted $400 million to B.C.C.I...

Author: /time Magazine | Title: Scandals: Cashing In on Blue Chips | 8/12/1991 | See Source »

Others have also been rushing to reopen the door of the global community to South Africa ever since last spring, when President F.W. de Klerk asked parliament to repeal the last major apartheid laws; lawmakers did so before the end of June. The 12-nation E.C. voted in April to remove its ban on imports of certain products, though Denmark has been holding up implementation, and London will try to talk Commonwealth countries into doing the same at their annual conference in October. The International Olympic Committee last week decided to let South African athletes compete in future games, ending...

Author: /time Magazine | Title: South Africa: A Black-and-White Future | 7/22/1991 | See Source »

...should have been settled nearly five years ago. That is when an obscure postdoctoral fellow at M.I.T. first charged that a celebrated scientific article signed by some of the university's leading biologists -- including Nobel laureate David Baltimore -- was based on data that had been fudged. But rather than reopen the experiment (which involved introducing foreign genes into a mouse and observing the effect on the animal's own genes), the scientists, led by Baltimore, closed ranks. The junior researcher, Irish-born Margot O'Toole, was asked to give up her place in the lab. The senior scientist accused...

Author: /time Magazine | Title: Thin Skins and Fraud at M.I.T. | 4/1/1991 | See Source »

Further, he suggested that they start with small steps or "confidence- buildi ng measures." Israel, for example, could reopen West Bank universities that have been closed for three years and ease its harsh policies of arresting and deporting suspected Palestinian troublemakers. The Arabs, in return, could end their formal states of belligerency against Israel (Saudi Arabia, Syria and several other countries are officially still at war with what they term the "Zionist entity") and call off their boycott of foreign companies that do business with the Jewish state. The idea is that if each side could overcome its fear...

Author: /time Magazine | Title: Middle East: Ready, Set -- Crawl | 3/25/1991 | See Source »

...suffering from a bad case of nerves, the troubled Baltic republics enjoyed a moment of relative calm. After meeting with Soviet Foreign Minister Alexander Bessmertnykh in Washington, President Bush said he had been given assurances that Moscow intended to withdraw some of its forces from the region and reopen talks with the republics. Interior Minister Pugo said that all paratroops, except those permanently stationed in the Baltics, and two-thirds of the Interior Ministry forces would be withdrawn by week's end. In another conciliatory gesture, Gorbachev set up Kremlin delegations to begin talks with the Baltic republics...

Author: /time Magazine | Title: Soviet Union: New World Order? Or Law And Order? | 2/11/1991 | See Source »

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