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...Attorney General has assigned only a handful of FBI agents to its Washington grand jury investigation of B.C.C.I.'s relationship to First American Bankshares. The department's main probe of B.C.C.I. itself is being handled by a sole Assistant U.S. Attorney in Tampa, who has recently been assigned another major case. Similar understaffing is evident in a Miami grand jury probe of the relationship between B.C.C.I. and the CenTrust savings and loan, whose failure is estimated to cost taxpayers $2 billion. This may help account for the fact that a 16-month investigation has yielded no indictments...

Author: /time Magazine | Title: B.C.C.I.: The Dirtiest Bank of All | 7/29/1991 | See Source »

Even so, Assad's move underlines the extent to which once unfriendly countries are concluding that it is prudent to please the U.S., the world's sole remaining superpower. The Syrian President had long been a client of the Soviet Union and a leader of the rejectionist Arab states that opposed any dealing with Israel. But, American analysts believe, at the end of the gulf war Assad realized he had reached a turning point: he could become the unrivaled leader of Arab radicals -- or he could bid for status among the moderates. Assad decided, as one American diplomat puts...

Author: /time Magazine | Title: Middle East: Why Assad Saw the Light | 7/29/1991 | See Source »

...Pacific Coast's forests are teeming with hidden drugs, including the legal kind. Last week the Agriculture Department decided to allow the pharmaceutical company Bristol-Myers Squibb to cut down 38,000 Pacific yew trees for one such substance. The bark of the yew tree is the sole source for a drug called taxol, a promising treatment for breast and ovarian cancer. Despite concerns over the impact of the yew harvest, most environmental groups support the agreement because it specifies that Bristol-Myers will pay for Forest Service research into conservation and management of the yews...

Author: /time Magazine | Title: Drugs: Bark for Cancer's Bite | 7/1/1991 | See Source »

...styling and trendy materials like black patent leather, the shoes have increased in sales 30% during each of the past three years. This year Birkenstock Footprint Sandals expects a 40% increase, to about 1.4 million pairs. They are still made with layers of suede, jute and cork, with the sole contoured to the natural shape of the foot and a shock-absorbent foot bed. Prices range from $50 to $130 for adult sizes...

Author: /time Magazine | Title: Comebacks: Soles from The '70s | 6/24/1991 | See Source »

...this for a space station that does . . . nothing. In the interest of saving money, NASA planners stripped the station of its varied and often contradictory functions. No longer was it to be a truck stop or observation platform or metallurgical factory. The sole stated scientific rationale left for the station was to conduct biological research on weightlessness, but the plans originally omitted a centrifuge, the most important gadget needed to do that work. The National Academy of Sciences concluded that the space station had no scientific use at all. Which left as the main purpose of the station what cynics...

Author: /time Magazine | Title: Requiem for The Space Station | 6/10/1991 | See Source »

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