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...size of the bailout is the result of a failed gamble by federal regulators, who last year allowed RepublicBank to take over its crosstown rival, the struggling InterFirst, in the hope that the two institutions could shore each other up. But the combined company, First RepublicBank, lost nearly $2.3 billion in the first half of this year and showed no signs of recovery. Last week's huge commitment, coming on top of earlier Texas rescues, is likely to stir debate over the adequacy of the FDIC's $18 billion insurance fund...

Author: /time Magazine | Title: BANKING: A $4 Billion Texas Bailout | 8/8/1988 | See Source »

...sport fishermen from South Carolina to Maine. Dave Krusa, a Montauk, N.Y., fisherman, regularly hauls up hake and tilefish with ugly red lesions on their bellies and fins that are rotting away. Krusa is among those who believe that contaminants from Dump Site 106 may be borne back toward shore by unpredictable ocean currents. "In the past year, we've seen a big increase of fish in this kind of shape," he says. Who will eat them? New Yorkers, says a Montauk dockmaster. "They're going to get their garbage right back in the fish they're eating...

Author: /time Magazine | Title: Environment: The Dirty Seas | 8/1/1988 | See Source »

...into history, catch the "Minot's Light Revisited" cruise to the South Shore beacon this Sunday. Boats leave hourly from Government Island at Cohasset Harbor and head for the seaman's beacon, where a narrator will discuss the history of the light and the dangers it prevents. Tickets are $20. Call...

Author: NO WRITER ATTRIBUTED | Title: WHAT IS TO BE DONE | 7/29/1988 | See Source »

...made its options clear when, in the wake of the Senate vote, it promptly agreed to buy 245 armored personnel carriers from the Soviet Union. A host of other nations, including France, China, Brazil and Argentina, are eagerly competing to meet the oil-rich Persian Gulf Arabs' desire to shore up defenses against their fundamentalist neighbor Iran...

Author: /time Magazine | Title: Middle East: Let's Not Make a Deal | 7/25/1988 | See Source »

...thought that the AIDS scare couldn't touch you, that you were removed from the horrors of the disease for which there is no cure, read Alice Hoffman's At Risk and think again. A modern day novel which takes place in a town on the Massachusetts North Shore, At Risk teaches that no one is safe from Acquired Immune Deficiency Syndrome and that all of us are exposed to more than the medical harms of the AIDS virus...

Author: By Katherine E. Bliss, | Title: Letting the Truth Ring Out | 7/22/1988 | See Source »

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