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RING AROUND THE MONEY. What country will replace Panama as the world's leading drug-money Laundromat? U.S. law-enforcement agencies are wondering, and so, evidently, are the cocaine cartels. Uruguay, with its stringent bank-secrecy laws, would seem a natural heir. But after Uruguayan officials extradited an accused money launderer and assured the U.S. of further cooperation, cartel financiers began scurrying for alternatives. Among the prospects being watched by investigators: Vanuatu, a Pacific island republic formerly known as the New Hebrides; the Cook Islands, a protectorate of New Zealand; and the island group of Palau, which is about...

Author: /time Magazine | Title: Grapevine: Jun. 25, 1990 | 6/25/1990 | See Source »

Though both the U.S. and Hong Kong would have suffered greater financial losses than China if MFN status had not been renewed, Beijing can ill afford the estimated $3 billion or more that revocation would have cost mainland enterprises. Despite the success of a stringent austerity program in cooling the overheated economy and cutting inflation from 18% last year to less than 5% today, there have been debilitating side effects. The suspension or reduction in production in as many as one-third of Chinese factories and the ( cancellation of hundreds of construction projects have contributed to a "floating population...

Author: /time Magazine | Title: China One Year Later | 6/4/1990 | See Source »

...vote followed months of debate over how the Medical School should limit potential conflicts of interest without inhibiting faculty research. The guidelines, which are less stringent than the original proposal, were approved in a widely publicized Medical School Faculty Council meeting...

Author: By Andrew D. Cohen, | Title: Conflict Guidelines Approved | 5/18/1990 | See Source »

Under this new bottom-up pressure, states and cities have led the way in setting more stringent rules for pollution control. While Washington is formally committed to only a 50% reduction in CFC production by the end of the century, governments from the state of Vermont to the city of Irvine, Calif., have moved toward a complete prohibition. And this November, in the best illustration of the power of kitchen ecologists, Californians will have a chance to vote on the most ambitious environmental package of any state in the country -- a ballot initiative that aims at nothing less than protecting...

Author: /time Magazine | Title: Environment: Earth Day Greening From the Roots Up | 4/23/1990 | See Source »

...plight of women like Jennifer and Amy will not improve until there is an overhaul of federal policy on birth control. The NAS report calls on the FDA to streamline its stringent rules for the approval of new contraceptives. The authors also recommend that pharmaceutical companies be given federal protection from liability suits so that they will be encouraged to get back into the contraceptive business. Unless something is done quickly, the situation for U.S. women may be no better in the 21st century than it is today...

Author: /time Magazine | Title: Health: A Bitter Pill to Swallow | 2/26/1990 | See Source »

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