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...poured billions of dollars into the stock market during the past month. Last week the Dow Jones average broke the 2900 barrier for the first time, climbing 80 points and closing at 2900.97. All told, the Dow has risen 244 points since May 1 and has set record highs eleven times. The euphoria has spread far beyond the blue-chip Dow. The more broadly based Standard & Poor's 500 index rose 2.4% last week, to close at a record...

Author: /time Magazine | Title: FINANCIAL MARKETS: Zoom! There Goes 2900 | 6/11/1990 | See Source »

...remind the world that Israel and the Palestinians are stumbling toward disaster. Yet a deranged 21-year-old Israeli did just that last week, when he emptied three magazines from a Galil assault rifle into a crowd of unarmed Arab workers near Tel Aviv, killing seven and wounding eleven. The Israeli army promptly imposed curfews on most of the West Bank and all of the Gaza Strip and called for calm. But outraged Palestinians responded with strikes and stones, demanding revenge. By nightfall, another seven Arabs had been killed and at least 700 wounded in one of the bloodiest ) days...

Author: /time Magazine | Title: Middle East When Madmen Call the Shots | 6/4/1990 | See Source »

...some $28 million worth of paraphernalia, much of it hauled there from Seattle and Los Angeles. The stash was so vast -- 107 million vials, 1.9 million crack pipes, 178 million polyethylene bags for heroin -- that 25 Customs agents took three days just to count and load the items into eleven 50-ft.-long tractor trailers. "That was more paraphernalia than we'd ever even conceived of running into," says Richard Mercier, chief of the New York Customs office. "Previous seizures had been only 10 million to 15 million vials...

Author: /time Magazine | Title: Mountains Of Vile Vials | 6/4/1990 | See Source »

...Most eleven-year-olds don't have a lawyer, but Tony is a special case. His adoptive parents decided five years after his adoption that Tony had not properly "bonded" with them, and returned him to the state in March. They kept Sam, Tony's natural younger brother. Patrick Murphy, the Chicago public guardian who was appointed to serve as Tony's attorney, says the youngster is an "absolute joy to be around." But there have been scars. Says Murphy: "One of the tragic things is that Tony blames himself...

Author: /time Magazine | Title: Ethics: When The Lullaby Ends | 6/4/1990 | See Source »

...major figures like Alexander Rodchenko and Liubov Popova falling to levels 25% to 50% under the low estimates. The worst debacle was experienced last week by the Manhattan auction house of Habsburg, Feldman Inc., whose offering of Impressionist and modern works (estimate: $35 million to $47 million) sold only eleven of 78 items for a total of $1.8 million...

Author: /time Magazine | Title: Art: Bumps in The Auction Boom | 5/28/1990 | See Source »

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