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...experts believe the nukes are under tight control so far, yet there are doubters. While it's unlikely that a military commander would see any benefit in launching one, there are other possibilities. A rogue general might try some nuclear blackmail for a big payoff. Or a nuclear unit, unpaid for months, might decide to quietly sell off something for a profit. It wouldn't have to be one of the closely guarded strategic weapons either. There are thousands of small ones and tons of fissile material lying around. Such nightmares alone would encourage Clinton and the West to stay...

Author: /time Magazine | Title: Free Fall | 9/7/1998 | See Source »

...MERCEDES The gendarmes' specialized research unit will hand over its technical report on the Mercedes in late September, and sources close to the investigation indicate that they have found no major problems. That is surprising, because certain items in the dossier, and the analysis of outside experts, point to some potentially serious malfunctions...

Author: /time Magazine | Title: Mystery In The Details | 8/31/1998 | See Source »

...price-earnings ratio, or P/E (based on expected earnings), is 21--down from 23 in July but still much higher than the previous peak of 19 in 1991, according to earnings tracker First Call. Meanwhile, market leaders still sport bubble-like P/Es: Coca-Cola, where unit sales are growing about 8% a year, has a P/E of 51. Microsoft's is 63; Cisco Systems', 78. High-flying Internet stocks have no P/E because they have no "E." Yahoo, the Net-search directory, trades at 73 times revenue. The comparable multiple for Coke...

Author: /time Magazine | Title: Not Ugly Enough | 8/24/1998 | See Source »

Celebrity bonds are a natural extension of the $200 billion asset-backed securities market. It began with home mortgages in the '80s, when lenders began bundling thousands of mortgages into a single unit that then issued bonds and used the steady stream of mortgage payments to pay interest. Wall Street now "securitizes" everything from credit-card receivables to anticipated beer sales at Britain's Punch Taverns...

Author: /time Magazine | Title: The Real Price Of Fame | 8/17/1998 | See Source »

...Monahan left his duties on the assetsforfeiture unit of the state police to become atraffic cop on the Mass. Turnpike. Though his newjob paid more, Maxwell said Riley and others haddriven Monahan from his passion, investigativework...

Author: By Gregory S. Krauss, CRIMSON STAFF WRITER | Title: Jury Finds Riley Intimidated Trooper | 8/7/1998 | See Source »

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