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...humiliating restrictions of petty apartheid have largely faded away. A sizable black middle class has sprung up, bringing with it consumer power that has not escaped the notice of white merchants. "Buppies" live in handsome Soweto neighborhoods like Diepkloof and drive their BMWs to work each day. Black businessmen make deals over lunch at trendy restaurants while being served by scurrying white waiters. Compared with blacks on the rest of the continent, many in South Africa live well. More, of course...

Author: /time Magazine | Title: South Africa: At the Crossroads | 2/5/1990 | See Source »

Unlike most Western companies doing business in the Soviet Union, McDonald's is catering not just to foreign tourists and businessmen but also to the Soviet public. The first Moscow-based restaurant will deal in rubles, a shrewd strategy that is expected to attract local customers, who have grown increasingly impatient at seeing quality products on sale for foreign currency only. But because rubles are not readily convertible to foreign currency, McDonald's will have to find ways to take home some of its Soviet profits. As a result, McDonald's will open another Moscow restaurant next year in which...

Author: /time Magazine | Title: Moscow's Big Mak Attack | 2/5/1990 | See Source »

...principal buyers of colonial furniture are American businessmen. But dealer Donald Sack, grandson of the firm's founder, believes that "if any more pieces break the $1 million mark, the Japanese may well get interested." As prices have risen, the buyers' profile has changed. "Doctors used to be our customers, but they can't afford the furniture anymore," says Harold. "Now our customers are educated Americans who don't survive on an income; rather, they have large sums of capital from the sale of a company or real estate." The most celebrated collector is Bill Cosby, who includes reproductions...

Author: /time Magazine | Title: The Glow of a $12 Million Desk | 1/29/1990 | See Source »

...middle-class German Jewish parents who were so "assimilated" that they couldn't believe that the Nazis would retain power for more than a few years, or were really serious about their anti-Semitic slogans; until shop windows were smashed, synagogues burned, and lawyers, doctors, and businessmen carted off by the thousands to concentration camps during and after the "Crystal Night" of November...

Author: NO WRITER ATTRIBUTED | Title: John Clive | 1/22/1990 | See Source »

...After he arrived, an aide released a background paper pointing out that Nixon had no Chinese business interests. Though the document named no names, some people got the impression that Nixon was contrasting himself to Kissinger, who showed up in Beijing the following week with a group of U.S. businessmen...

Author: /time Magazine | Title: Kissinger Vs. Nixon | 12/25/1989 | See Source »

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