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...Americans. Not so for Josephine Najingo, a 28-year-old mother of five who lives in the dusty Ugandan trading center of Kyotera, near the Tanzanian border. For her, the lyrics describe a bitter reality. Josephine is dying because she had sexual intercourse with her late husband. A prosperous trader, he had contracted "slim disease," a painful wasting away of body tissues by uncontrolled weight loss, chronic diarrhea and prolonged fever. The affliction is the most common way that AIDS manifests itself in Africa...

Author: /time Magazine | Title: AIDS: In the Grip Of the Scourge | 2/16/1987 | See Source »

...tradition now moves into the business world with a much touted and timely new book: Memoirs of an Invisible Man, the first novel by Harry F. Saint, a New York City real estate investor. The central character of Memoirs, a securities analyst named Nick Halloway, becomes the ultimate inside trader when a botched demonstration of an exotic new technology makes him transparent. He slips into the offices of corporate raiders, overhears their takeover plans and makes a fortune by telephoning orders to his broker. Guiltily, Halloway offers a classic economist's rationale: "The invisible hand taking its own small...

Author: /time Magazine | Title: WINDFALLS: Being Invisible Is Really Inside | 2/9/1987 | See Source »

Nonetheless, Wright pledges to call up a trade bill for House floor debate in May, and the Senate is working on a similar schedule. In the interest of getting something on the books, the Democrats, who control both chambers, are backing away from the protectionist provisions that caused Free-Trader Reagan to block previous bills...

Author: /time Magazine | Title: Flocking Together on Trade | 2/2/1987 | See Source »

...Then, just as suddenly, the Dow nose-dived, swinging down an amazing 115 points in 71 minutes. At times there literally were no buyers on the trading floor of the New York Stock Exchange, just as earlier in the day there were sometimes no sellers. Said Michael Antolini, a trader with Cantor Fitzgerald Securities: "Everyone went nuts. It was sheer insanity...

Author: /time Magazine | Title: That Crazy Stock Market | 2/2/1987 | See Source »

...ordinary business, Manucher Ghorbanifar would cut an implausibly mysterious figure. Officially, he has been a shipping executive in Tehran and a commodities trader in France. By his own account he was a refugee from the revolutionary government of Ayatullah Ruhollah Khomeini, which confiscated his businesses in Iran, yet he later became a trusted friend and kitchen adviser to Mir Hussein Mousavi, Prime Minister in the Khomeini government. Some U.S. officials who have dealt with Ghorbanifar praise him highly. Says Michael Ledeen, adviser to the Pentagon on counterterrorism: "He is one of the most honest, educated, honorable men I have ever...

Author: /time Magazine | Title: The Murky World of Weapons Dealers | 1/19/1987 | See Source »

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