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Freedom's failure underscores not only the weakness in the banking system but also the special fragility of financial institutions controlled by minorities. Freedom was the weakest of the nation's 37 black-owned banks and the first to fail this year. While minority-owned banks face the same problems as traditional lenders, their troubles are compounded as they are overly dependent on depositors whose small accounts are costly to maintain and borrowers who run a greater risk of defaulting because of business failure or unemployment. This leaves these banks with little or no room for miscalculation...

Author: /time Magazine | Title: Freedom: Not Just Another Bank | 11/26/1990 | See Source »

...dispute turned into an old-fashioned brawl. Strikers have hurled rocks and bottles at News delivery trucks and warned dealers against selling the paper. Distribution may be management's weakest point. While the News has been printing more than 1 million papers a day, strikers contend that only a few hundred thousand have been reaching newsstands. The paper even resorted to handing out 200,000 free copies a day on the street...

Author: /time Magazine | Title: Down And Dirty at the News | 11/12/1990 | See Source »

...industry that made a record $1.7 billion in profits in 1988. After a wrenching consolidation during the '80s that forced over 200 carriers to merge or disappear, the few remaining major companies are about to undergo another shake-out. Already wobbling badly, a couple of the weakest ones -- Pan Am and Eastern -- may disappear. Others, like TWA and Continental, may be forced to merge with stronger partners or shrink down to a more manageable size...

Author: /time Magazine | Title: Trouble On The Horizon | 11/12/1990 | See Source »

Pressures to curtail the rights of women come from various puritanical sects within Islam. "They want to impose a new social order by force," says Khalida Messaoudi, president of an Algerian women's organization. "They start by attacking women because women are the weakest link in these societies." Particularly strict is the Wahhabiyah, a movement founded in the 18th century that counts among its adherents many Afghans and the Saudi ruling family. Wahhabi women live behind the veil, are forbidden to drive, and may travel only if accompanied by a husband or a male blood relative. The demands...

Author: /time Magazine | Title: Life Behind the Veil | 11/8/1990 | See Source »

...Bush Administration never hid its optimismabout the Massachusetts race. Right after theprimary, White House aide Ron Kaufman told theBoston Herald that polling data showed Kerry to be"the weakest Democrat running for re-election inthe country...

Author: By Adam L. Berger, | Title: A Long Trip Downhill | 11/5/1990 | See Source »

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