Vol. 129 No. 24

$4 Billion Worth of Temptation
Corruption dogs the set-aside programs for minority firms

A Big Bonus for "Belly Button"
Iran-arms money turns up in an account reserved for Oliver North

American Notes DISASTERS
Modern-Day Ghost Town

American Notes LANDSCAPING
Only God Can Make a Mr. T

American Notes LAWSUITS
One Pact, Two Winners

American Notes PRESS
Stepping Over The Bounds

American Notes TRIALS
Tales from a Teamster

Policy At Sea Tacking toward the gulf

The Boom Towns
No longer suburbs, not quite cities: welcome to megacounties

The Presidency
The Seven-Year Itch

The Spectator in Solitary

Britain Headed for the Finish Line
The Tories fight the queasies and a buoyant Kinnock

East-West Battle of the Bean Counters
If Euromissiles are outlawed, will NATO be outgunned?

South Africa Commandments Without Moses
Abandoning his Principles, Sullivan wants U.S. firms to pull out

South Korea Old Friends
Chun chooses his successor

Soviet Union Kremlin Prop Wash
In the aftermath of a daring stunt, Gorbachev plays power politics

Sri Lanka Bearing Gifts
India intervenes in a civil war

World Notes CANADA
The Dawn of a New Family

World Notes HOSTAGES
Silence Greets A Birthday

World Notes ITALY
Just the Bare Facts, Signora

World Notes LEBANON
A Rare Bird Dies in Flight

New Life Under the Volcano (Environment)
Hikers and scientists glimpse a mountain on the mend

At Last, the Battle Is Joined (Medicine)
Washington fights AIDS with modest proposals -- and heated debate

Intravenous Aerobics (Health & Fitness)

No Progress, No Panic (Medicine)

Psst, You Wanna Plastic Surgeon? (Health & Fitness)
Americans seek health-care bargains in Mexico's border towns

Underdog to an 800-Pound Gorilla
The conservative Times struggles for a wider niche

Rebuilding Berlin -- Yet Again (Design)
For its birthday, the city showcases world architects

Time (Contents)
Magazine contents page JUNE 15, 1987 Vol. 129 No. 24

Time (Masthead)
Magazine masthead JUNE 15, 1987 Vol. 129 No. 24

A Conservative Who Can Compromise (Economy & Business)
Greenspan is equally adept at number crunching and jawboning

Business Notes BIOTECHNOLOGY (Economy & Business)
It's Time to Try, Try Again

Business Notes INSIDER TRADING (Economy & Business)
Giving Back The Booty

Business Notes LABOR (Economy & Business)
A Handshake Is Not Enough

Business Notes MERGERS (Economy & Business)
This Bubbly Travels Well

Business Notes MOVIEMAKING (Economy & Business)
Thirsty Detour In the Dunes

The New Mr. Dollar (Economy & Business)
Fed Nominee Greenspan faces tough challenges at home and abroad

Last Bow for the Inflation Tamer (Economy & Business)
Volcker shared blame for a painful recession and credit for a rosy recovery

Barnacle Bill RACING THROUGH PARADISE (Books)
by William F. Buckley Jr. Random House; 344 pages; $25

Brittle Nell THE LATE MRS. DOROTHY PARKER (Books)
by Leslie Frewin Macmillan; 345 pages; $22.95

Broadway Birthday (Show Business)
George Abbott turns 100 -- Yes, 100!

Lights! Camera! Graduation! (Video)
The VCR generation discovers a new twist on yearbooks

Lonely Guy Gets a Nose Job ROXANNE (Cinema)
Directed by Fred Schepisi Screenplay by Steve Martin

Mastering The Sounds of Silence (Music)
Andres Segovia: 1893-1987

Rushes (Cinema)

Tenpins Aloft, Forsooth (Theatre)

Victims Of Contemporary Life MORE DIE OF HEARTBREAK by Saul Bellow; Morrow; 335 pages; $17.95 (Books)

Yearning For Ritual Pieties THE ROAD TO MECCA (Theater)
by Athol Fugard

A Letter From the Publisher (A Letter From The Publisher)

Ambassadors From The
Realm of Fairy Tale