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...eventual cost of the S & L bailout to taxpayers but also to avoid undercutting the going rates in the marketplace. Yet the Federal Savings and Loan Insurance Corporation, which currently holds most of the repossessed property and will be combined with the FDIC under the Bush plan, has seldom shown a talent for getting top dollar. In Guerneville, Calif., a small town north of San Francisco, the FSLIC took over a condominium project with more than 20 units two years ago. The original owners had been trying to sell the units a few years earlier for an average...

Author: /time Magazine | Title: Sale of The Century | 5/1/1989 | See Source »

...hilltop. Three alchemists, led by the inestimable Bernard, have come for a meeting. "At least there's one cook that ain't wired to the max," Big John concedes. "He never touches the Product." It shows: most illegal drug chemists, awash in dollars but their brains stewed by fumes, seldom pay attention to the little touches that transform banal consumer goods into personal statements of good taste. Bernard has 14-karat-gold-plated wheels on his favorite Corvette, and he gave a designer team jacket to the fellow who jockeys his offshore-racing boat. But Bernard is not some Johnny...

Author: /time Magazine | Title: Southern California Tales of the Crank | 4/24/1989 | See Source »

...those morally questionable activities that are technically legal, we are left with a wholly unsatisfactory solution. We could pursue complete ethical purity in economic affairs. But such a course is entirely impractical. The market seldom rewards moral uprightness. Alternatively, we can attempt to distinguish among varying degrees of ethical corruption and weigh them against financial gain, leaving the individual's greed as the final arbiter...

Author: By John L. Larew, | Title: Confessions of a Liberal Slime | 4/20/1989 | See Source »

...very seldom have food left over. If we have extra food, something is wrong," D'Andria says...

Author: By Andrew D. Cohen, | Title: A Day in the Life of the Dining Services | 4/5/1989 | See Source »

...mayor's office in only one of West Germany's major cities, Stuttgart. And in both West Berlin and Frankfurt, the Free Democrats failed to receive the 5% of the vote needed to gain representation in the local councils, a disturbing omen for a small swing party that seldom polls more than 10% anywhere...

Author: /time Magazine | Title: West Germany: The Center Doesn't Hold | 3/27/1989 | See Source »

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