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...contrary, the temptation to use the Pentagon as a source of pork- barrel largesse remains as strong as ever. Witness the Connecticut congressional delegation's campaign to force the Administration to build two totally unnecessary nuclear-powered Seawolf submarines, at $3 billion each, which the Pentagon wants to cancel. Clinton unblushingly supports the Seawolf, along with another hyperexpensive program that the Pentagon wants to kill: the vertical takeoff V-22 Osprey, costing $40 million each. For his part, Democratic vice-presidential candidate Al Gore wants to keep open the assembly line for M1-A1 tanks, which Defense Secretary Dick Cheney...

Author: /time Magazine | Title: A Force for the Future | 9/7/1992 | See Source »

General Services Administration officials at first refused to halt construction of the skyscraper, but congressional intervention, complaints from New York's city hall and a shower of protests from black organizations forced the GSA to cancel its plans. The site is now part of a proposed historic district...

Author: /time Magazine | Title: Underground History | 8/24/1992 | See Source »

...Yeltsin joined his fellow heads of government, by invitation, in Munich and tossed out a novel idea for paring down his country's crushing $70 billion foreign debt. He would trade property -- land, factories, warehouses, oil and mining concessions -- to Western investors, government and private, that would in turn cancel Moscow's debts to them. The seven offered what German Chancellor Helmut Kohl called an extended breathing space. No details, but probably Russia can wangle a two-year moratorium during which it pays only interest on its loans...

Author: /time Magazine | Title: Misery Has Company -- And Very Little Else | 7/20/1992 | See Source »

...three contracts already signed up -- with GRC, Southwestern Life and Blue Cross-Blue Shield of Texas. A former IBM executive maintains that he has firsthand knowledge that before quitting, Perot sold additional IBM equipment to at least two of those entities, collected sales commissions and then had those firms cancel the orders once he left IBM. What's not known, he adds, is whether Perot had these clients lined up when he sold them the equipment in the first place. Charles Bridges, a former executive with Southwestern, says that Perot may have sold and then canceled "minor pieces of equipment...

Author: /time Magazine | Title: Ross Perot's Days At Big Blue | 7/20/1992 | See Source »

...problem with sorting out these influences is that they interact in complex ways and may, to some extent, cancel each other out. Pinatubo's cooling effects could counteract the warming caused by greenhouse gases, at least over the short term. At the same time, El Nino's warming influence seems to have suppressed the early cooling effects of Pinatubo's global haze...

Author: /time Magazine | Title: What's Wrong with the Weather? | 6/15/1992 | See Source »

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