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Steel was the sickest of the smokestack industries. Despite the recovery, steel companies lost $1.668 billion in the first nine months of the year. With 250,000 members on layoff, the United Steelworkers has felt as if it were pinned under an I beam. In March the union took a 9% pay cut, but that did not satisfy management. U.S. Steel threatened this month to shut down five plants, either partially or completely, unless employees accept further contract concessions...

Author: /time Magazine | Title: Cheers for a Banner Year | 1/2/1984 | See Source »

...Says Norman Samnick, senior vice president of Warner Communications, which is MTV'S proud parent: "I think Duran Duran owes its life to MTV." Duran Duran, in the person of Synthesizer Player Nick Rhodes, agrees: "MTV was instrumental in breaking us in America." Even the record industry could beam in on the phenomenon when it noticed that the Duran Duran album, Rio, was being sold out at half the record stores in Dallas and was gathering dust in the other half. A check of the local television listings showed that parts of the city that were wired for cable...

Author: /time Magazine | Title: Sing a Song of Seeing | 12/26/1983 | See Source »

...Energy-beam weapons are still strictly experimental, but effective antisatellite (ASAT) devices could be deployed in droves within a few years. The Soviets have experimented since the 1960s with ways to destroy satellites. They have developed a rather crude space bomb that is launched into orbit, maneuvered to an enemy satellite and detonated. The U.S. ASAT missile, scheduled to be deployed in 1987, is considerably more sophisticated. The 18-ft.-long missile is carried 18 miles aloft by an F-15 fighter and fired directly toward a satellite; its foot-long nose cone, after homing in by means of eight...

Author: /time Magazine | Title: A Step Closer to Star Wars | 12/12/1983 | See Source »

...antisatellite devices ready for deployment are really just high-tech shrapnel and bullets. The beam, or "directed-energy," weapons Reagan conjured in his speech last spring, on the other hand, would be truly novel. Theoretically, such weapons based in space could be used either to destroy satellites-perhaps by 1990-or to shoot down nuclear missiles...

Author: /time Magazine | Title: A Step Closer to Star Wars | 12/12/1983 | See Source »

Says M.I.T. Engineering and Computer Professor Jack Ruina: "I would compare it to going right from the kite stage to the 747." Years further off is the X-ray laser, which would be "bomb pumped," or powered by an internal nuclear explosion. Still more problematic are particle-beam weapons, which would fire streams of atomic particles...

Author: /time Magazine | Title: A Step Closer to Star Wars | 12/12/1983 | See Source »

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