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...latest revolution out of Boston pits recession-battered restaurateurs against charge-card giant American Express. Steve DiFillippo, owner of Davio's, where a Northern Italian veal-chop dinner for two can run $100, needed to pare costs. He threatened to turn away the American Express card unless Amex reduced its take -- 3.25% of every purchase, vs. 1.7% to 2% for Visa and MasterCard. Last week the combatants struck a truce when DiFillippo accepted Amex's offer of a 2.9% rate, saving him $11,000 a year. Amex also offered him $6,000 of advertising as part of a new nationwide...

Author: /time Magazine | Title: CONSUMER CREDIT Take My Card -- Please | 5/6/1991 | See Source »

...American Express never really wanted a 282-ft. yacht. Bankers Trust isn't sure what it will do with the Grand Hyatt in midtown Manhattan, especially in the middle of a recession, nor is Manufacturers Hanover exactly giddy about owning the Regency Hotel in Atlantic City. But then Citicorp is not exactly cut out to be a retailer or an airline operator, either...

Author: /time Magazine | Title: Trump Trips Up | 5/6/1991 | See Source »

While some people still express resentment at the ranch's sale, most have accepted Zenchiku as a friendly presence. Morse feels that any remaining suspicion toward the company is similar to the feelings townspeople would have had about any outsider. "They're as worried about Californians," he says, noting that the previous owner, the Metropolitan Life Insurance Co., is based in New York City -- a place hardly more familiar to Montanans than Tokyo...

Author: /time Magazine | Title: Dillon, Montana The Rising Sun Meets the Big Sky | 4/29/1991 | See Source »

...frantic scramble that sends more than one person rolling down a steep embankment. When the crowd parts, old men patiently pick the crumbs out of rocks and mud, their only margin of survival. Whenever the refugees discover a reporter in their midst, they crowd around and find someone to express their fury in English: "Why did George Bush do this to us? He has betrayed us. Why did he tell us to rise up? Why didn't he shoot down the helicopters?" The questions are the same, over and over again...

Author: /time Magazine | Title: Refugees: Omar's Journey | 4/29/1991 | See Source »

That slight mishap did not slow the express at all, as the Crimson almost tallied another pushover try minutes later. The Crusaders' scrum half jumped offside intentionally, though, hoping for a penalty...

Author: By John B. Roberts, | Title: M. Ruggers Crush Holy Cross, 22-4 | 4/26/1991 | See Source »

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