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...plenty of time to decide what to do: The Mir's expected to stay up for at least another year. And the ISS's production schedule looks stalled again. After a mysterious alarm sounded in the cockpit, NASA delayed the launch of the space shuttle Endeavor and its cargo of an ISS connector-passageway named Unity, until Friday...

Author: /time Magazine | Title: International Salvage Station? | 12/2/1998 | See Source »

...owned company, but in fact it is the fiefdom of a reclusive Boston-area family (more on that later). A sort of mini-conglomerate, Seaboard has interests in hogs, strawberries, chickens, shrimp, salmon, flour and wine. Its operations span four continents and nearly two dozen countries and range from cargo ocean liners to sugarcane. And like other profitable businesses, it collects subsidies--or, more accurately, corporate welfare--from local, state and federal governments. Indeed, officials trip over one another in the rush to extend taxpayer support to Seaboard--from the Federal Government's Overseas Private Investment Corp. (OPIC) in Washington...

Author: /time Magazine | Title: Corporate Welfare: The Empire Of The Pigs | 11/30/1998 | See Source »

...Honduras; 37,000 acres of sugarcane, 4,200 acres of citrus and a sugar mill, all in Argentina; a winery in Bulgaria; other agricultural and business interests in Chile, Colombia, Costa Rica, Guatemala and Venezuela; electric-power-generating facilities in the Dominican Republic; shipping companies in Liberia; containerized cargo vessels running between Miami and Central and South America; and, of course, the processing plant and hog farms in Oklahoma, Kansas, Texas and Colorado, along with poultry-processing plants, feed mills, hatcheries and a network of 700 contract chicken growers in Alabama, Georgia, Kentucky and Tennessee...

Author: /time Magazine | Title: Corporate Welfare: The Empire Of The Pigs | 11/30/1998 | See Source »

Elsewhere in the country, companies are following the same general pattern. At Griffith Rubber Mills in Portland, Ore., president Scot Laney can read the immediate future of his company written in empty shipping containers. He watches cargo ships steam into the harbor laden with products from Asia. These containers would normally return to Asia full of American products. But now those goods are too expensive in Asia, so the containers stack up on the dock, harbingers of a recession. "It hasn't got to our level yet," says Laney. "But it will. We know it's coming...

Author: /time Magazine | Title: Business Report: The Coming Storm | 11/9/1998 | See Source »

ADDRESS UNKNOWN In 1986 the Khian Sea picked up a cargo of toxic incinerator ash from Philadelphia. The ship plied the seas for 18 months, and it was turned away by seven nations before dumping 4,000 tons of ash on a Haitian beach. Now, a decade later, Haiti will load the cinders onto another boat and stamp the poisonous pile Return to Sender. The cleanup was delayed by the cost--up to $1 million--and denials of responsibility. A waste hauler with links to the original dumper has offered $200,000, and Philadelphia will chip in only...

Author: /time Magazine | Title: Planet Watch: Planet Watch | 11/9/1998 | See Source »

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