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...wholesale leap into revolving credit is a gutsy move for American Express, whose recent ads have featured Jerry Seinfeld musing adenoidally about what the company has referred to in less lighthearted moments as the "evils of debt trap." AmEx's own maiden voyage into revolving credit -- with the launch of the Optima card in 1987 -- resulted in a plastic meltdown. The program quickly racked up $1.5 billion in unpaid charges, a figure twice the industry average, according to Robert McKinley, president of RAM Research Corp. Since March 1992, when the loss rate peaked at 12%, AmEx has wrestled bum credit...

Author: /time Magazine | Title: Do You Still Know Me? | 9/12/1994 | See Source »

...BUYERS? The rise of this illegal commerce suggests that there are serious bidders out there. But there is no evidence indicating who they are. Three of the four samples of weapons materials that turned up in Germany were purchased by undercover agents in sting operations designed to trap the sellers or their couriers. Indeed, in the Bremen episode, the defendant's lawyer claims that his client too is a police operative. There have been rumors in Germany, but no proof, that the 6 grams found in May were acquired for a foreign government, possibly Iraq or North Korea. In fact...

Author: /time Magazine | Title: PROLIFERATION: Formula for Terror | 8/29/1994 | See Source »

Ellis warmed that the Republicans must avoid "the classic trap of 'If the incumbent is unpopular, and I'm not the incumbent, then I will win'" stressing that Republican candidates still lose to Clinton in polls...

Author: By E. F. Mulkerin, | Title: Ellis Says 1994 Races Benchmark for Parties | 7/8/1994 | See Source »

...Quang was uninhabited until Vietnamese began to move in during the 1950s. This may explain why ancient species still survive. But now hunters' snares indiscriminately kill anything they trap, including endangered animals such as the tiger and sun bear. Human pressures have reduced the elephant population to as few as five animals, and the same fate could befall the species just uncovered. MacKinnon, disturbed by the connotations of the name slow-running deer, is worried that this animal may become extinct even before it is scientifically described...

Author: /time Magazine | Title: Ancient Creatures in a Lost World | 6/20/1994 | See Source »

...intimacy, and be sure that the acoustics are rich and reverberant, like a concert hall's, but dry enough to allow every word to be distinct. Opera houses tend to have a thin resonance, partly because of the heavy use of carpeting and fabric, which trap sound instead of distributing it, and partly because singers like things that way. Judging by the opening performance of The Marriage of Figaro, Christie got his wish. The theater is handsome without being ostentatious. The interior is stark, but the warm pine walls save it from being dreary, impeccable modern. According to acoustician Derek...

Author: /time Magazine | Title: OPERA: Smiles of A Summer Night | 6/13/1994 | See Source »

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