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...Denmark, formally joined in 1973. The expansion of a formerly tightly knit group offered enlarged economic possibilities, but also hampered cohesion. The original spirit of joint sacrifice splintered in frequent acrimony, especially after the two oil-price shocks of the decade weakened West European economies. By the early '80s, the once solid NATO consensus on defense also came under strain as a result of the drawn-out missile-deployment drama...

Author: /time Magazine | Title: V-E Day: From Rubble To Renewal | 4/12/2005 | See Source »

...sense of optimism along what is now known as the inner German border has been blunted in the chilly superpower climate of the '80s, and no one knows the disappointments of the times better than Chancellor Kohl, 55. Only 15 years old when the war ended, Kohl has described himself as "the first Chancellor of the postwar generation," meaning the 60% of West Germans who on V-E day were either children or not yet born. Kohl came to office determined to play a role abroad commensurate with his country's flourishing democracy, strong support for NATO, and eminence...

Author: /time Magazine | Title: V-E Day: From Rubble To Renewal | 4/12/2005 | See Source »

...through the 1970s and early '80s, when its heartland copier business was running into stiff competition from Japanese producers like Canon and Ricoh, Xerox (1984 sales: $9 billion) was looking for new lines of business. The company moved into, then out of, computers. It bought Crum & Forster, the big insurance company, which had heavy losses in 1984. Now Xerox is moving toward the land. During the next decade, it will oversee development of a residential and commercial community on 2,267 acres of prime real estate it owns along the Potomac River near Leesburg, in Loudoun County, Va. Total investment...

Author: /time Magazine | Title: Business Notes: Apr. 29, 1985 | 4/12/2005 | See Source »

...Union Square: "At first I was numb. Then I was shocked. Then I started to yell and scream and run up and down." Archrival Pepsi professed to be just as delighted. Crowed Roger Enrico, president of Pepsi-Cola USA, about new Coke: "Clearly this is the Edsel of the '80s. This was a terrible mistake. Coke's got a lemon on its hands, and now they're trying to make lemonade." On Wall Street, though, Coke jumped $2.37 a share on the announcement, while PepsiCo stock sagged 75¢. In Washington, Democratic Senator David Pryor of Arkansas, an admitted Cokeaholic, expressed...

Author: /time Magazine | Title: Coca-Cola's Big Fizzle | 4/12/2005 | See Source »

Scruples Inventor Henry Makow had been contemplating the shift in morality from the righteous '60s to the yuppified '80s. "The baby boomers think they're very moral on issues like Nicaragua," he says, "but some of them haven't paid back their college loans. This game is an opportunity to compare notes." A Winnipeg free-lance writer, Makow has been in the question-and-answer business since age eleven, when his advice-to-parents column "Ask Henry" was syndicated in some 40 papers in the U.S. and Canada. He wants players to consider the rules of life, so the rules...

Author: /time Magazine | Title: Living: For a Change, Ethical Pursuit | 4/12/2005 | See Source »

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