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Most ambitious is building a successor ship to Cousteau's beloved Calypso, which sank in Singapore in 1996. Calypso II will be 217 ft. long, powered by an innovative turbosail-diesel engine combination. If it is ever built, that is: the $2 million raised from donations so far is a fraction of the $150 million needed...

Author: /time Magazine | Title: Cousteau's Legacy: His Son and Widow Compete to Carry On | 10/5/1998 | See Source »

...Duma's choice as the new head of the central bank, Viktor Gerashchenko. Actually, he is not new, as he was head of the bank twice before: once when many ordinary citizens had their savings wiped out by a disastrous reform in 1991, and again when the ruble sank 30% on a single day, Black Tuesday, in 1994. During both tours of duty, Gerashchenko was widely criticized for heedlessly printing rubles and pumping almost unlimited credit into rusting, unproductive industrial enterprises and collective farms...

Author: /time Magazine | Title: Russia: Better Than Nothing | 9/21/1998 | See Source »

...error occurred while processing this directive]Fortune Investor Data All in all, a poor performance from the markets closest to the eye of the storm. But it's a picnic compared to the continuing collapse in Asia. The Nikkei sank to a 12-year low. Hong Kong, which had seemed immune on Thursday, plummeted on news that it had joined Japan in the recession club. The former colony's economy shrank a whopping 5 percent in the second quarter, virtually wiping out all of 1997's gains in one go; officials had originally predicted 3.5 percent growth. "This is outside...

Author: /time Magazine | Title: Markets On the Brink | 8/28/1998 | See Source »

...station, including KUFO, Limp Bizkit's debut record, upon release in July 1997, landed on the Billboard Heatseekers Chart and stayed there for more than 40 weeks; it will be gold by September. The writer noted that after an initial boost from pay-for-play, Limp Bizkit's album sank to the bottom quarter of the Billboard Top 200. By early August, however, it had reached No. 132 and is on the rise. Also, the group is not from Southern California, as you said, but from Jacksonville, Fla. Flip Records does not rely on radio or music videos to break...

Author: /time Magazine | Title: Letters: Aug. 24, 1998 | 8/24/1998 | See Source »

Whatever her suspicions over these past few months, she did not have any need to hear the whole truth from her husband until the reality of his testifying in front of Starr sank in last week. Anyone who saw her emerge from Marine One last Thursday, after a ceremony for the Americans killed in the embassy bombings in Africa, wondered if some of the agony on her face wasn't for the ordeal ahead. Ever since Chelsea was six, Hillary has protected her daughter by convincing her that some of her father's political opponents would smear him to beat...

Author: /time Magazine | Title: Thanks, but Hillary Doesn't Want Your Sympathy | 8/24/1998 | See Source »

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