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...have, in many instances, claims on water that date back to the mid-1800s. Thanks to the first-in-time concept, they are often the senior owners of river rights, and they have begun making their case vigorously in courtrooms. Combined, the Native American claims amount to a sizable chunk of the Colorado's annual flow. While few observers expect all these claims to be upheld, the lengthy period during which tribal rights were conveniently bypassed or ignored by the white settlers seems over for good...

Author: /time Magazine | Title: The Colorado River: A Fight over Liquid Gold | 7/22/1991 | See Source »

...money last autumn as thanks for his country's membership in the anti-Iraq coalition. The Turks claim they lost millions of dollars in fees by shutting down an Iraqi oil pipeline that cut through Turkish soil. U.S. officials are pressuring the Kuwaitis to pony up a substantial chunk of the aid before President Bush visits Turkey later this month...

Author: /time Magazine | Title: Kuwait Gets a Dunning Notice | 7/8/1991 | See Source »

Agency executives can be forgiven if they jump every time the phone rings these days. At any moment, an enviable client may invite a pitch or a major chunk of their business may walk out. When New York's N W Ayer celebrated its victory last week in capturing the $30 million Bayer aspirin account, the agency was still smarting from the loss two weeks earlier of the $65 million J.C. Penney account. Advertisers are flexing their spending muscle more aggressively than ever before. Even longtime clients feel little loyalty anymore to their agencies. As a result, ad firms...

Author: /time Magazine | Title: Marketing Feeling a Little Jumpy | 7/8/1991 | See Source »

...Shoemaker and his colleagues see it, a giant comet broke apart as it whipped around the sun. Over time, chunks of the comet separated but remained strung out in the same orbit. Then 65 million years ago, as the earth passed through the comet's orbit, it collided with the largest chunk, causing the Great Extinction. Perhaps only a year or two later, as the earth again entered the trail of cometary debris, it met a second, smaller chunk. Where did the second impact occur? This time no search is necessary. Shoemaker points to a well-known crater...

Author: /time Magazine | Title: At Last, the Smoking Gun? | 7/1/1991 | See Source »

...chunk! Ka-chunk! Every day more than 200 million credit cards slide in and out of charge machines across the U.S. Ka-chunk! Americans used plastic to charge $480 billion last year, at a rate of about $1 million a minute. The typical American charge customer carries nine cards and owes more than $2,000 on them. Despite interest rates averaging close to 19%, many cardholders are blase about paying hundreds of dollars a year in interest, plus an annual fee for the privilege of doing...

Author: /time Magazine | Title: Financial Services: Charge It Your Way | 7/1/1991 | See Source »

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