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Smith enjoyed the trappings of money. He owned homes in fashionable sections of Southern California, like Pacific Palisades, where President Reagan used to live, and Marina del Rey. He also owned a brown Cadillac Seville as well as a $60,000 custom-made Cadillac convertible, an $84,000 cabin cruiser and a Beechcraft plane. When asked where his gold mine was located, Smith sometimes replied that his wife's family was wealthy. On other occasions he mimicked the TV commercials of the Smith Barney investment firm and said, "We make money the old-fashioned way. We earn...

Author: /time Magazine | Title: The Wells Fargo Stickup | 2/16/1981 | See Source »

...creation of art, and art must not be hurried. (The French and Italian editions of Vogue are rich, fantastical, lavish to the point of grotesquerie, photographed and laid out by whimsical dreamers.) Hence men like the renowned Paris-based photographer Peter Knapp are horrified by the American custom of paying models by the hour, so that the meter is running whenever she is in the studio. "Today the girls I see just want to make money," Knapp grumbles...

Author: /time Magazine | Title: Modeling the '80s Look: The Faces and Fees are Fabulous | 2/9/1981 | See Source »

Prospects for Despos and his business are good. Six years ago he started selling custom-tailored men's suits for $300 to $600. Now some time-pressed customers order clothes over the phone, confident that he knows their fit and taste so well that he can pick out a fabric and get started on the garment before they need to come in for a fitting. But his ambitions go far beyond that. "I would like to get into clothing manufacturing on a limited scale," he says. He believes that he could profitably sell the same woman's skirt...

Author: /time Magazine | Title: The Little Engines of Growth | 1/26/1981 | See Source »

...over the diaphragm: it can be reliably left in place for several days (against hours for the diaphragm) and thus affords greater sexual spontaneity. There is even promise of a cap that could be worn for years. In Chicago Gynecologist Uwe Freese and Dentist Robert Goepp are experimenting with custom-fit devices that have a one-way valve to allow menstrual blood to escape automatically...

Author: /time Magazine | Title: Medicine: Another Barrier to Pregnancy | 1/26/1981 | See Source »

...pressure for good grades is rising, and the level of student writing skills has dropped. The result: business is booming. Currently students who want to go in for literary cheating have to pay about $3.50 a page for a copy of an existing essay, $10 a page for a custom-tailored work. Some essays were originally honest term papers that students later sold to the ghostwriters. Others are fabricated by graduate students who are well paid for the chore. One Manhattan author, who calls himself "Casper the Friendly Ghostwriter," demands a premium for C papers-because, he claims, they...

Author: /time Magazine | Title: Education: Straight A's at $3.50 a Page | 1/26/1981 | See Source »

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