Time Magazine Contents Page Vol. 134, No. 25 DECEMBER 18, 1989

Vol. 134, No. 25 DECEMBER 18, 1989

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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...

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