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Conservatives and liberals all seem to regard the high-tech entrepreneur as the ideal economic agent. They do so with good reason, for if capitalism is "creative destruction," in Joseph Schumpeter's famous phrase, then people like Marc Andreessen, Steve Jobs, Jeff Braun, Bill Schrader and Doug Colbeth are responsible for the creating part. But is there much that conservative or liberal policies can really do to nurture such enterprise? Would Marc Andreessen work harder under a flat tax? The creating part of capitalism is the part that economic laws do not explain. Like a code writer and his code...

Author: /time Magazine | Title: HIGH STAKES WINNERS | 2/19/1996 | See Source »

...would say unwelcome, light on one of publishing's oddest sidelines. The rise of the celebrity novel--of books that may or may not have been written by the famous names on the covers--can be traced back to the mid-1960s. Then, Jacqueline Susann and her husband-- press agent Irving Mansfield so relentlessly promoted her on TV and wherever else prospective readers could be buttonholed that Susann's novel Valley of the Dolls (1966) became a monster best seller. Other novels followed from her teeming pen, and they were successfully marketed not so much as new books...

Author: /time Magazine | Title: BOOKS: DAMSEL IN DISTRESS | 2/19/1996 | See Source »

...ancient art at the National Gallery of Art in Washington. Many of the amber figurines carved during the classical period relate either to death or to fertility and rejuvenation. Amber may have been used by Egyptians in the mummification process, possibly because it is a powerful desiccant, or drying agent. It was also valued as a medicine. According to Pliny the Elder, Roman peasants used it to cure diseases of the neck and head. In the New World, the Maya burned it as incense to treat a variety of ailments...

Author: /time Magazine | Title: FOREVER AMBER | 2/12/1996 | See Source »

More distressing, toxins have leaked through clogged hoses and faulty filter gaskets on two occasions. After one such incident, the Environmental Protection Agency fined the Army $91,700 for "releasing a nerve agent above allowable levels." Says Craig Williams of the Chemical Weapons Working Group, a nationwide citizens' coalition: "To allow [all] of these incinerators to operate at the same time is a recipe for disaster...

Author: /time Magazine | Title: CHEMICAL TIME BOMBS | 2/12/1996 | See Source »

...weapons storage sites. Too late, the Army discovered that the design of the weapon has a potentially fatal flaw: sarin, the deadly poison that was packed into the nose cone, tends to corrode the aluminum casing. And sarin leaking into the rear chamber accelerates the decay of the stabilizing agent that prevents the rocket fuel from "auto-igniting.'' Because there is no way to safely dismantle the rocket, the deadly nerve agent and the volatile fuel have been locked in a slowly rotting shell for more than 30 years...

Author: /time Magazine | Title: ROTTING ROCKETS | 2/12/1996 | See Source »

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