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...told cadets and faculty of the Russian Police College that "one criminal threat looms larger than the others: the theft or diversion of radioactive materials in Russia and Eastern Europe." Organized-crime groups, he warned, would try to obtain such materials "to be offered for sale to the highest bidder." The Russian daily Izvestia makes the same judgment. It reported recently that more than 5,500 criminal gangs were operating in Russia, and "the lion's share of their operations involve stealing fissionable nuclear materials and smuggling them...

Author: /time Magazine | Title: PROLIFERATION: Formula for Terror | 8/29/1994 | See Source »

Thirty-year-old contracts have recently expired at Yosemite, and will soon end at other major parks, giving their managers great leverage in scaling back commercialism. Yosemite Concession Services, the winning bidder for the contract there, has agreed to sweep away much of the clutter of souvenir stores. Slated for demolition is a gimmicky gift shop near the edge of Glacier Point that obstructs the view of Yosemite's waterfalls 3,200 ft. below. Even the merchandise at remaining stores is gradually changing, from kitsch warbonnets and rubber tom-toms to local Native American handicrafts and products reflecting environmental themes...

Author: /time Magazine | Title: Going Wild | 7/25/1994 | See Source »

Sumner Redstone, Viacom chairman, winning Paramount bidder. Has accepted a visiting professorship at Brandeis University. Possible course subjects: "Economics American culture, as long as they don't think I'm going to talk about Beavis and Butt-head." Beavis and Butt-head are trademarks of the Viacom Corp...

Author: /time Magazine | Title: Are They Better Off Now Than They Were Four Months Ago? An Unofficial Paramount-Viacom-QVC Takeover Deal of the '90s Alumni Bulletin | 5/9/1994 | See Source »

...high-stakes bidding war for control of Grumman, - the military-aircraft manufacturer, looked like a good deal for nearly everyone involved. Two defense giants, Martin Marietta and Northrop, said they were willing to pay some $2 billion to buy the company, based on Long Island, New York. Whichever bidder prevails, a merger would preserve Grumman's expertise in developing electronics to update aging aircraft. It should also preserve defense jobs at the venerable fighter-plane manufacturer, whose tradition dates back to the days of the World War II F6F Hellcat...

Author: /time Magazine | Title: Left Holding the Bag | 3/21/1994 | See Source »

...over! I'm off the hook. Your pal, Bill Buckner." Ring and note brought an astonishing $33,000. Even Pete Rose's good-behavior voucher from doing prison time for tax evasion fetched $770. "I know it's a little twisted," said executive Andy Gross, the winning bidder. "But this little conversation piece will have cult value. I could display it next to the Gerald Ford letter pardoning Richard Nixon, which I own, in my new Hall of Guilt...

Author: /time Magazine | Title: Dispatches and a Fan Gets a Souvenir | 12/6/1993 | See Source »

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