Time Magazine Contents Page

46

BUSINESS: The fall of Drexel Burnham brings a money-mad era to an end

The most powerful firm on Wall Street in the Roaring Eighties was at the center of a gold-rush culture that bankrolled corporate raiders and often seemed consumed by vanity, ego and greed. Drexel vanished almost overnight last week when its parent company, a victim of the very junk-bond market that Drexel had created, filed for bankruptcy. The firm's legacy is a debt-laden corporate America and a backlash against excess.

12

WORLD: East and West agree on a process to unify Germany

On both sides, the cost of unification begins to sink in. -- In a TIME interview, Nelson Mandela talks about a negotiated future. -- From Tadzhikistan, an exclusive report on an Islam-tinged revolt.

32

NATION: This year it's easy being green

California's oily beaches highlight the environment as the hottest issue in U.S. politics, and candidates on both coasts are scrambling to prove their colors. -- In Alaska, Joseph Hazelwood's lawyers hope to show that he was a victim, not a villain, of the Exxon Valdez spill. -- Why is George Bush rocking along with a 76% approval rating? His low profile helps. -- Despite being dragged into court, Ronald Reagan remains serene.

43

FOOD: Yuppiedom loses its fizz

U.S. health nuts go on the wagon as Perrier pulls its product from shelves worldwide after a benzene scare. If the source is impure, is anything safe?

44

HEALTH: The dearth of birth-control methods

American women are frustrated that they have so few choices, especially when compared with what is available in Europe. -- Cosmic rays pose risks for frequent flyers.

64

PEOPLE: The Trumps' gaudiest spectacle yet: their marital split

Donald the dealmaker and Ivana, his glittering Czechmate, are awash in power and glitz. The collapse of their marriage has to be like everything else in their lives: flashy and very public. As friends, lawyers and publicists choose sides, the tabloids and TV go into a frenzy, while rumors fly about infidelities (his) and demands (hers) for a fair share of the $1.7 billion fortune.

70

MUSIC: Moscow welcomes a famous exile

After 16 years in America, Mstislav Rostropovich hears "wonderful words of freedom" in his homeland as his National Symphony Orchestra wows Soviet audiences.

77

ESSAY: Is the world picking on Israel?

Few countries have been as subjected to criticism as Israel has for its treatment of the Palestinian uprising. How fair is the attack? A double standard exposed.

6 Letters

45 Technology

56 Press

56 Milestones

59 Video

61 Fashion

62 Sport

68 Cinema

71 Books

72 Education

Cover: Photograph by Jim Smeal -- Ron Galella, Ltd.

EOF1SAVE.TIM VU008000010001 95144 951440030831TC$