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...went south, there were minicelebrations at gas pumps across the Lower 48. In Alaska, as in Kuwait and Dubai, there were rude awakenings. Alaska derives a higher percentage (86%) of its general fund from oil taxes than any other oil-producing state. As the price of a barrel of crude oil tumbled from the high 20s down through the teens to about $9, the state began to run on empty...

Author: /time Magazine | Title: In Alaska: Boom Times Yield to a Bitter Bust | 3/30/1987 | See Source »

...turning point in the fortunes of porn. On the other hand, maybe it will. Steffani Martin, who was one of five females among the 30 viewers at the screening that day in Manhattan, says it was a good example of the new female consciousness breaking in on the crude male world of pornography. Says Martin, now head of Womero, an X-rated film distributorship in New York City: "The female consumer is beginning to change porn films. She won't tolerate dirty sheets, low production values and creepy male actors with 37 gold chains around their necks. Women want cute...

Author: /time Magazine | Title: Sexes: Romantic Porn in the Boudoir | 3/30/1987 | See Source »

Attempting to blockade a diplomat "is crude, and a bit much," Kent-Brown said before the speech. "It shows a lack of understanding of [freedom of speech] that goes beyond normal behavior...

Author: By Brooke A. Masters, | Title: Vice-Consul Defends His Right to Speak | 3/25/1987 | See Source »

...cooler than it is today. Giraffes, hyenas and baboons abounded, along with now extinct giant horses and hartebeests and buffalo with 13-ft. horn spans. Neanderthal man had not yet emerged, but intelligent beings already roamed the savanna, upright creatures known today as archaic Homo sapiens, who could fashion crude axes, picks and cleavers out of stone. On a clear night 170,000 years ago, one of these ancestors of man may have looked up at a milky band of stars stretching across the sky, his eyes pausing briefly on a patch of light that seemed to have broken away...

Author: /time Magazine | Title: Supernova! | 3/23/1987 | See Source »

...pipeline, which begins at Lago Agrio and travels 340 miles through the Andes to the Pacific port of Balao. The rupture forced the suspension of oil exports, which in recent years have accounted for 60% of the country's export earnings. Already hard hit by falling prices of crude oil, in the wake of the earthquakes Ecuador suspended all payments on its $8.2 billion foreign debt for the rest of this year. Febres Cordero said he took the action "without shame...

Author: /time Magazine | Title: Ecuador Slow Killers | 3/23/1987 | See Source »

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