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WASHINGTON: In a devastating blow that could cost the government billions of dollars in damages, the Supreme Court has ruled that federal authorities breached an agreement with savings and loans in 1989 by changing an accounting rule, throwing many of them into serious financial trouble. Because the decision affects about...

Author: /time Magazine | Title: U.S. Must Pay Failed Thrifts | 7/1/1996 | See Source »

WASHINGTON, D.C.: Senate Judiciary Committee hearings on the 'Filegate' snafu opened with a mini-bombshell when Anthony Marceca, the army staffer at the center of the controversy, invoked the Fifth Amendment and refused to testify. "His apparent reason for pleading the Fifth was an article in the Friday Wall Street...

Author: /time Magazine | Title: Marceca Mum on Filegate | 6/28/1996 | See Source »

LYON, France: One day after unanimously denouncing terrorism, G-7 leaders lashed out at the U.S. for threatening to punish foreign companies that trade with terrorist nations. It's a question of manners, said French President Jacques Chirac: "I don't think economic retaliation is most effective. Taking an entire...

Author: /time Magazine | Title: G-7 Leaders Blast U.S. | 6/28/1996 | See Source »

Despite Hellman's efforts, her reputation began to ravel in her lifetime, after she sued Mary McCarthy for calling her a liar on TV. Though the suit died with the antagonists, it gave publicity to the fabrications in Pentimento and Scoundrel Time. From the former comes the story Julia, which...

Author: /time Magazine | Title: BOOKS: LOVERS AND SCOUNDRELS | 6/24/1996 | See Source »

SUED. MICHAEL JACKSON, 37; for allegedly violating a promise not to talk about a settlement concerning sensational 1993 allegations of child molestation; in Santa Barbara, California. The father of the boy involved says Jackson violated the deal when he appeared in a 1995 PrimeTime Live interview. Jackson says the suit...

Author: /time Magazine | Title: Milestones Jun. 24, 1996 | 6/24/1996 | See Source »

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