Time Magazine Contents Page
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COVER: Money laundering is a thriving global business whose customers range from drug kingpins to tax dodgers
In a high-tech wash cycle that often takes less than 48 hours, drug smugglers can turn cocaine-tinged bills into such squeaky-clean assets as money-market deposits and car dealerships. One danger: drug lords and other lawbreakers are believed to be buying valuable chunks of the American economy. Andrew Tobias on the impact of falling housing prices.
14
WORLD: Amid mass resignations and arrests, has the revolt against Communism in the East bloc spun out of control?
East Germany is faced with the dissolution of party leadership, Czechoslovakia with government paralysis. The turmoil reaches even into the Soviet Union, as Lithuania legalizes political pluralism against Gorbachev's wishes. A TIME symposium explores the future of Europe. The coup's lessons for Corazon Aquino. Colombia's scorecard in its fight against drugs.
36
NATION: And now for the hard part
Meeting Malta's ambitious goals will take tough bargaining. U.S. business experts are pessimistic about helping Poland. The $300 billion S&L bailout could be dwarfed by a new crisis.
60
ENVIRONMENT: The fight to save the planet
As worldwide concern for the environment grows, and some promising initiatives take shape, TIME reports on recent progress and outlines a concrete agenda for action by the U.S. Government, companies and consumers. A look at the scientific naysayers who dispute forecasts of doom and gloom. A preview of Earth Day 1990.
72
LIVING: Mink, the ultimate luxury or a "sadist symbol"?
The fur is flying as animal activists urge consumers to leave the wraps and stoles on store hangers. Faced with stiff opposition and flat sales, the industry fights back.
76
SPORT: Geritol jocks find life on the senior tours
Aging athletes know that fans will pay to see them doing what they once did best. Now Florida has senior baseball, where the crack of the bat meets the creak of the bone.
88
BOOKS: 'Tis the season to be reading
Publishers have made colorful, large-format new books a holiday tradition. This season, twelve entries in the annual sweepstakes offer special virtues or charms.
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CINEMA: Southern discomfort in three ambitious films
Sharp lessons for a Georgia matron and her black chauffeur in Driving Miss Daisy; Civil War blacks in Glory; and Louisiana's Earl Long in Blaze.
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ESSAY: Some words of caution from Richard Nixon
Gorbachev is an international superstar and a master politician, but before the U.S. comes to his aid it should carefully examine his motives and allegiances.
7 Letters
10 Interview
77 People
78 Theater
78 Milestones
83 Health
84 Technology
Cover: Illustration by Mark Fredrickson