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...company is involved in the sale or distribution of pornography.'' The letter also contained an ominous invitation: ''The Commission has determined that it would be appropriate to allow your company an opportunity to respond to the allegations prior to drafting its final report section on identified distributors.'' Failure to answer the charges within three weeks, said the commission, would ''be accepted as an indication of no objection.'' To many companies, the letter was a veiled threat of public censure and even criminal prosecution against companies that sell ''adult'' publications. At least six retail chains that received the letter, with...

Author: /time Magazine | Title: CHILL FACTOR | 7/21/2008 | See Source »

...dialing telephone numbers that begin with 976, callers have long been able to hear everything from sports highlights to heavy-breathing aural sex. Add another service to the list: a menu of interest rates by phone. A consumer calling the Answer Quest telephone service in Los Angeles or Detroit can get recorded messages on the best local interest rates for mortgages, commercial real estate, car loans and CDs, or on current precious-metal prices--each for $2. For an additional $2, Answer Quest offers selective ''financial hot tips,'' like how to pick a stockbroker...

Author: /time Magazine | Title: BUSINESS NOTES FINANCE DIAL-A- HOT-TIP | 7/21/2008 | See Source »

...enforcement officials in the Nixon Administration proposed to assassinate Noriega in order to help curb Panama's drug traffic. Congressmen will undoubtedly want to know why the U.S. Government continued to associate with a man who was suspected of such blatant corruption. U.S. intelligence officials provided an answer last week. They said Noriega supplied Washington with valuable Cuban intelligence reports, even as he was selling U.S. secrets to Cuba. They also warned that his ouster might disrupt U.S. military and intelligence operations based in Panama. Some Congressmen were unimpressed. Said Representative Charles Rangel, chairman of the House Select Committee...

Author: /time Magazine | Title: PANAMA SHADY BUSINESS Heat is on the top general | 7/21/2008 | See Source »

...press conference last week, the President was guarded about the Soviet moves. But he seemed to go out of his way to sound conciliatory. In answer to a question about a recent speech, Reagan said that he must have "goofed someplace" if it appeared that he had linked Mikhail Gorbachev with Fidel Castro, Yasser Arafat and Muammar Gaddafi. The President twice described Gorbachev as "the first Soviet leader to my knowledge that has ever voluntarily spoken of reducing and eliminating nuclear weapons." (Not quite: Moscow's long-standing position has been that it would someday like to see the elimination...

Author: /time Magazine | Title: STAR WARS AT THE CROSSROADS | 7/21/2008 | See Source »

...they don't inspire the same cue-the-menacing-cello-music terror that killer sharks off America's beaches might, but Pelagia noctiluca has vacationers along France's Cote D'Azur wondering whether it's really safe to go back in the water. And the discomforting answer is, Probably not - unless you happen to be a big fan of jellyfish stings...

Author: /time Magazine | Title: When Jellyfish Attack | 7/21/2008 | See Source »

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