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...President of Turkmenistan, wanted an official plane for a state visit to Beijing. Though his country is saddled with that substantial debt, and although at least one bank refused a request to finance the purchase, Turkmenistan still wound up buying a pricey Boeing 737-300 by tapping into a multimillion-dollar German bank account with its share of the former Soviet Union's oil and gas pipeline proceeds. The new plane's cost: $40 million...

Author: /time Magazine | Title: He Loves to Fly, and It Shows | 4/5/1993 | See Source »

...LORE, THE CLASSIC DEFINItion of chutzpah is a man who kills both parents and then throws himself on the mercy of the court as an orphan. Inmates in New York City may be offering a modern illustration: some prisoners may be turning guns on themselves in order to file multimillion- dollar lawsuits against the city -- for failing to provide adequate protection in jail. The city's department of investigation says there are currently at least eight such suits filed or pending, seeking damages of up to $8.5 million. Investigators charge that the majority of the suits involve self-inflicted injuries...

Author: /time Magazine | Title: Guns And Ruses | 2/1/1993 | See Source »

...this multimillion-dollar partee, Big Bill Clinton -- excuse us, William Jefferson Clinton -- played the role of First Audience. TV viewers of America's Reunion on the Mall on Sunday, or of Tuesday afternoon's Salutes to Children and Youth and the evening's Presidential Gala, could doze through all the dos. Clinton couldn't and wouldn't. A pretty fair performer himself, he knew that a speaker is only as good as his listeners. So he gave the victory fist to soprano (and fellow Arkansan) Barbara Hendricks. He misted up at Goldie Hawn's tale of her dead father. Jackson...

Author: /time Magazine | Title: Rock Around the Clock | 2/1/1993 | See Source »

...system engineered toward financial disaster, particularly for small market clubs. Owners spent money, according to former Commissioner Peter V. Ueberroth, like "a bunch of drunken sailors." In attempts engaged in bidding wars and players' salaries escalated (an overall 3,000 percent increase over the last 22 years). The multimillion-dollar loss felt collectively by owners this season is less a result of occasional $6 million contracts to the game's Ryne Sandbergs than of frequent $2 million contracts to the game's Matt Youngs and Von Hayeses (translation for the non-fan: "losers...

Author: By Adam D. Taxin, | Title: Tarnished Diamonds | 10/28/1992 | See Source »

...prodigies with names like Omar and Orestes and Lourdes gave a master class not only in the fundamentals but also in the finer points of flamboyance -- bunting one-handed, stretching singles into triples, chiseling the plate like jewelers. According to many Americans, at least seven of them could command multimillion-dollar salaries...

Author: /time Magazine | Title: Barcelona the Win-Win Games | 8/10/1992 | See Source »

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