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...average, that is still coal. But deregulation also means the arrival of cost cutting as religion, the stern faith that has propelled the U.S. economy to its current world-beating performance. The strongest economy in the world is as strong as it has ever been. But as the brutal tale of the Potomac mines illustrates, this prosperity is not about abundance but about taking bigger risks with smaller margins in a winner-take-all competition. This is a story about pennies--about how a difference of cents on a ton of coal in a local bidding war can imperil...

Author: /time Magazine | Title: MOUNT STORM, WEST VIRGINIA: COAL WAR | 7/7/1997 | See Source »

...exploitation films--a robust compromise between stag loops and major-studio product--would grind away in Main Street fleabags and drive-ins, inflicting their lurid, no-budget fantasies on generations of bored salesmen and horny teens. Hollywood put sweet dreams on screen; exploitation directors filmed the raging id. See brutal men sweat over balky virgins! Thrill as mousy guys find sluts whose sexual appetites are insatiable! Or, as Rene Bond says it in Edward D. Wood Jr.'s 1971 Necromania, "insashable...

Author: /time Magazine | Title: CINEMA: SEX! VIOLENCE! TRASH! | 7/7/1997 | See Source »

DIED. JOHN AKII-BUA, 47, Uganda's gold-medal-winning Olympic hurdler who, for all his leggy might, could not scale the obstacles erected by Idi Amin's brutal regime; of undisclosed causes; in Kampala, Uganda. At Munich in 1972, Akii-Bua dashed to a record-breaking finish and joyously leaped over the hurdles a second time. He was later barred from international competition by the government and driven into exile...

Author: /time Magazine | Title: Milestones Jul. 7, 1997 | 7/7/1997 | See Source »

What we face in the new tobacco agreement, incomplete though it may be, is an instance of the "Stalingrad dilemma," a term coined from that brutal battle in which the armies of Hitler met the armies of Stalin. Any decent person wants both sides to lose...

Author: /time Magazine | Title: PARDON ME IF I (STILL) SMOKE | 6/30/1997 | See Source »

...transition has been amazingly smooth. Throughout the onerous negotiations, despite the revulsion in 1989 over the brutal bloodshed in Tiananmen Square, Hong Kong has grown steadily more prosperous. In a city whose business has always been business, the stock-market surge, real estate boom and expansive corporate behavior point to a bullish future. The place feels surprisingly relaxed. Public confidence in the new leadership is running high: C.H. Tung's favorable rating was 59%, according to a TIME/CNN poll by Yankelovich Partners Inc. While an estimated 387,000 citizens made a preliminary negative bet on the outcome and emigrated over...

Author: /time Magazine | Title: HONG KONG: THE BIG HANDOVER | 6/30/1997 | See Source »

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