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...that tests of its most promising new drug had been disappointing. Synergen stock closed last Friday at 15 1/4, down 26 7/8 for the week. The debacle followed the January collapse of shares of Centocor, which fell more than 60% when the firm suspended U.S. testing of its bacterial-shock treatment Centoxin...

Author: /time Magazine | Title: Ouch! Which hurts more, the shot or the bill? | 3/8/1993 | See Source »

...story Twin Towers swayed visibly as the force of the blast shuddered upward. Lobby windows exploded onto the plaza and marble slabs fell from the walls. As fractured steam pipes launched jets of hot mist into the air, the first victims stumbled out of the buildings, bloodied and in shock...

Author: /time Magazine | Title: Tower Terror | 3/8/1993 | See Source »

...hired hand in Rupert Murdoch's media empire. Hollywood assumed he would return as the head of another studio or perhaps a network, and he did have some exploratory discussions about buying NBC. But when he announced his new venture in early December, it came as a shock. Joining forces with two cable-industry partners, Diller took over QVC, a cable home-shopping channel...

Author: /time Magazine | Title: An Old Fox Learns New Tricks: BARRY DILLER | 3/1/1993 | See Source »

Watching the president's economic address last week, I could muster a great deal more than a head shake. I was outraged: yelling at the television, covering my eyes, pulling at my hair. After the initial shock, all I could do was mutter, "How could he do this?" My roommate, a strong Clinton supporter during the campaign, even chimed in to say that he was glad he wasn't a senior in search...

Author: By James W. Fields, | Title: Budget Lessons from the Past | 2/23/1993 | See Source »

...President, he was hailed as an exemplar of the new breed of postcolonial African leader. He brought a fragile unity to his country, built schools and hospitals and forged a nonaligned approach to foreign policy. But as Zaire reeled under his economic mismanagement, compounded by the 1973 oil shock and a sharp drop in the price of copper exports, Mobutu resorted to calamitous improvisation. Following a trip to China, he launched a showy "authenticity" campaign designed to reduce Western influence and return his country to its African roots. Many foreign assets were nationalized, giving Mobutu tighter control over those sources...

Author: /time Magazine | Title: Leaving Fire in His Wake: MOBUTU SESE SEKO | 2/22/1993 | See Source »

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