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MEMBERS OF AN EXTREMELY PRIVATE, INVITATION-ONLY NEW York investors group called AEA thought it was a hoot when they persuaded former General Motors chairman ROGER SMITH last year to take over as CEO of one of their investments, a tidy little group of rubber-and-plastics manufacturers with operations in Ohio, Virginia and Georgia. Before long, though, the company was declining fast. Since nobody can bear to fire Smith, investment bankers say the owners are now quietly trying to peddle the firm for far less than they paid...

Author: /time Magazine | Title: As GM Goes . . . | 10/12/1992 | See Source »

...expensive but urgent projects. Scientific study, on the other hand, has strong support from the conservationists, who advocate such efforts as long-term monitoring of wildlife and assessments of which habitats should be purchased. There is some concern, however, about the council's judgment. It has been accused of rubber- stamping projects that involve the state's powerful fishing industry and favoring scientists who work for the government agencies represented on the council. "Lots of people stand to gain personally from how this money is spent," charges Lisa Rotterman, an independent biologist...

Author: /time Magazine | Title: Alaska's Billion-Dollar Quandary | 9/28/1992 | See Source »

...Somali nurse dressed in white coat and rubber sandals picks his way through the crowd to weed out the youngest, most desperate cases. Gathering them together in another part of the compound, he feeds each one a spoonful of antidiarrhea medicine from a rusty thermos bottle. Every child under five receives a plastic bracelet, which entitles the wearer to a protein biscuit in addition to a bowl of gruel. The bands are color coded; blue for severely malnourished; red for those on the verge of death...

Author: /time Magazine | Title: Africa: A Day in the Death of Somalia | 9/21/1992 | See Source »

Though unemployment stands at 6.8%, almost a full point below the national average, voters have grappled with an eroding industrial base since the 1970s, when NCR Corp. -- the town's main employer for nearly a century -- shed 14,000 workers. Subsequently, Dayton Tire and Rubber Co., Frigidaire and Dayton Press all pulled out or closed down. "Dayton just got knocked on its butt," says Steve Sidlo, managing editor of the Dayton Daily News (circ. 182,000). "We were losing 2,000 jobs here, 4,000 there and 5,000 there. It was just bang, bang, bang, one body blow after...

Author: /time Magazine | Title: Bellwether in A Storm | 9/14/1992 | See Source »

...Digging a finger into his shirt collar)) Well, of course I'd put my arm around Bar. Only, if she's in a rubber raft somewhere off Alaska and I'm here at the White House, I don't quite see how I could . . . I mean...

Author: /time Magazine | Title: Just Suppose . . . | 8/24/1992 | See Source »

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