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...left," said National Hurricane Forecaster Gil Clark. "There is not much chance of loss of life unless someone stayed down on one of the beaches." For a while, a tanker grounded by the storm 12 miles off the coast looked as if it would break up and spill its cargo of 11.8 million gallons of crude oil into the high seas. But the vessel appeared to be riding out the storm. "God was good to us," said Eddie Gonzales, a deputy sheriff in Brownsville, as the storm spent itself over sparsely populated range land. "It's as simple...

Author: /time Magazine | Title: Nation: A Monster from the Caribbean | 8/18/1980 | See Source »

...company's troubles were out of the way. The highest fliers have been companies involved in advanced technology or in-demand specialties. Two big gainers: Dataproducts Corp., a computer technology company that has soared from 12¾ in four months to 27½; and Air Express International, a cargo airline that has gone from 6½ to 16½. The stock group that has been relatively weak of late has been oil firms; they led the market in April and May, but some investors who rode those stocks up have taken their profits to put them in cheaper shares...

Author: /time Magazine | Title: Business: The Bulls of Summer 1980 | 8/18/1980 | See Source »

Tempers shortened and productivity fell. In Houston, where 92% of the buildings are air-conditioned, the demand for electricity reached record heights. In Dallas a woman walked up to a truck loaded with ice and, without a word to the driver, climbed in and lay down on the cargo. Many businessmen gave up wearing suit coats and switched to guayaberas-loose-fitting, Mexican-style shirts. At Fort Chaffee, Ark., trucks carried ice water to the military policemen assigned to the Cuban refugee camps. Even so, a dozen MPs became ill. (None of the Cubans, used to heat, were hospitalized...

Author: /time Magazine | Title: Nation: Too Much Sun in the Sunbelt | 7/14/1980 | See Source »

DIED. Hilmar Reksten, 82, once one of the largest operators of independent oil tankers in the world; of cancer; in Bergen, Norway. He parlayed a modest 1929 investment in a cargo steamer into a tanker fleet worth $600 million. His fortunes ebbed when the 1973 Arab oil embargo caused a worldwide slump and left eleven of his twelve supertankers lying idle. In 1979 he was acquitted on charges of evading income taxes on $89 million in foreign earnings. Ironically, he made this year's Guinness Book of World Records for paying a larger percentage of his annual income...

Author: /time Magazine | Title: Milestones, Jul. 14, 1980 | 7/14/1980 | See Source »

...state throbs with military aerospace construction. At Douglas Aircraft's plant in Long Beach, the KC-10 tanker cargo plane is rolling out, and at Lockheed's Sunnyvale facility new ballistic missiles for Trident submarines are being built. The first of 18 advanced maritime patrol aircraft worth $700 million was delivered by Lockheed to the Canadian government last week...

Author: /time Magazine | Title: Business: California's Golden Touch | 6/9/1980 | See Source »

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