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Though the need to match Soviet nuclear weapons and massive conventional strength has faded, the services have not changed their ways. The Air Force is planning for a new generation of advanced Stealth fighters, the Army for a new breed of 80-ton tanks so massive they could not be...

Author: /time Magazine | Title: The Gulf: Military Message | 9/10/1990 | See Source »

Conspicuous consumption, that signature vice of the 1980s, was rarely more evident than at the 17 toy stores of Manhattan-based F.A.O. Schwarz, where toddlers of the rich and famous could acquire an 8-ft. stuffed giraffe ($4,500) or a child-size Jaguar sedan ($6,000). Now the 128...

Author: /time Magazine | Title: RETAILING: A Toy Shop Goes Dutch | 8/13/1990 | See Source »

Some of the busiest telephone lines these days are those between phone-company executives putting together mergers. Last week the circuits were jammed, as giant GTE announced plans to acquire Atlanta-based Contel for $6 billion and form the nation's largest provider of local service and second-largest cellular...

Author: /time Magazine | Title: MERGERS: Dialing for Deals | 7/23/1990 | See Source »

Last December McCaw Cellular Communications agreed to acquire New York City- based LIN Broadcasting for $3.4 billion. Then in February Contel vaulted from 13th to sixth among cellular companies by acquiring McCaw's Southeastern operations for $1.3 billion. After the GTE announcement, investors snapped up stocks of other likely merger...

Author: /time Magazine | Title: MERGERS: Dialing for Deals | 7/23/1990 | See Source »

But while the Administration was taking credit for nailing McBirney, it was attracting criticism for allowing yet another set of dealmakers to get rich. Last week Senate judiciary subcommittee chairman Howard Metzenbaum called on the government to tear up a deal made by M. Danny Wall, former chairman of the...

Author: /time Magazine | Title: Neil Bush: It's A Family Affair | 7/23/1990 | See Source »

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