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...alike are in full retreat from ired elders who awakened belatedly to the fact that they are going to have to pay hefty premiums if catastrophic-illness coverage remains a part of Medicare. Congress and the White House will probably agree to cut back on some benefits, such as payment for prescription drugs, to lower premiums that could amount to $1,600 a year for a couple...

Author: /time Magazine | Title: . . . And on Capitol Hill | 9/25/1989 | See Source »

Larger forces were aggravating the conflicts that Hitler would eventually exploit. In 1923 the Germans stalled on their reparations payments and the French seized the industrial Ruhr to compel payment. The German mark, declining ever since the war, began plunging: 7,000 to the dollar in January, 160,000 in July, 1 million in August. A kind of madness swept the country. People carried suitcases of money to a store to buy a sausage. And the mark kept falling, to an all-time low of 4.2 trillion that November. Everything was for sale, all savings were destroyed, and nothing seemed...

Author: /time Magazine | Title: Part 2 Road to War | 8/28/1989 | See Source »

...Austria, Hitler's war of nerves began with a wave of terrorist bombings and street riots. Berlin sponsored this violence with payments to Konrad Henlein, leader of Czechoslovakia's Sudeten German Party. It also gave him his instructions, which Henlein himself once summed up: "We must always demand so much from the Czechs that we can never be satisfied." When Czech President Eduard Bene first asked Henlein what he wanted, the list included political autonomy, payment of damages, separate citizenship for Sudeten Germans and freedom to practice "the ideology of Germans." Bene refused...

Author: /time Magazine | Title: Part 2 Road to War | 8/28/1989 | See Source »

...MasterCard's computer then saw the $10,000 payment, so MasterCard couldn't start charging him interest...

Author: /time Magazine | Title: Money Angles: How My Pal Joey Got Even | 8/21/1989 | See Source »

...Running an LBO is different from running other companies," says Wilbur Ross, a senior managing director of Rothschild Inc., a New York City investment firm. "The reaction time at LBO companies has got to be a lot quicker, because they must generate cash fast enough to beat those interest-payment deadlines...

Author: /time Magazine | Title: LBOS: Let's Bail Out | 8/14/1989 | See Source »

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