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...Americans who remember crouching under their desk during grade-school air- raid drills, the Strategic Air Command -- which kept nuke-carrying bombers airborne round the clock -- was a special icon of the cold-war mythology. But last week Air Force Secretary Donald Rice announced that SAC will be eliminated under a sweeping reorganization of the service. Its nuclear missiles and bombers will join the Tactical Air Command's conventional aircraft to form a single Air Combat Command. "Desert Storm demonstrated that the line between strategic and tactical air power has become blurred," says a report released by Rice's office...

Author: /time Magazine | Title: The Military Sac: Gets The Sack | 9/30/1991 | See Source »

Executive Vice Presidents: Donald J. Barr, Donald M. Elliman Jr., S. Christopher Meigher III, Robert L. Miller...

Author: /time Magazine | Title: Time Magazine Masthead September 23, 1991 | 9/23/1991 | See Source »

Administration: Susan Lynd, David Richardson, Hope Almash, Melissa August, Breena Clarke, Donald N. Collins, Joan A. Connelly, Ann V. King, Lina Lofaro, Anne D. Moffett, Judith R. Stoler News Desks: Brian Doyle, Waits L. May III, Susanna M. Schrobsdorff, Pamela H. Thompson, Diana Tollerson, Ann Drury Wellford, Mary Wormley...

Author: /time Magazine | Title: Time Magazine Masthead September 23, 1991 | 9/23/1991 | See Source »

...Neighborhood Plan would "stifle almost all development in the Cambridgeport area," resident Donald S. Grossman told the council. He added that "the Planning Board proposal was a substantial compromise to begin with...

Author: By Erica L. Werner, | Title: Radical Downzoning for Cambridgeport Expected | 9/17/1991 | See Source »

...extravagant 1980s takeover wars? Wall Street giants First Boston and Morgan Stanley stand to rake in $10 million apiece for helping put together BankAmerica's $4.4 billion merger with Security Pacific. Rothschild Inc. earned $2.5 million in cash and bonds for representing creditors in the bankruptcy of Donald Trump's Taj Mahal casino in Atlantic City. And Donaldson, Lufkin & Jenrette received $2.5 million last month for co-managing a $200 million junk-bond issue for Dr Pepper. Little by little, deal by deal, Wall Street's investment bankers are rebuilding a business that all but collapsed with the waning...

Author: /time Magazine | Title: Wall Street The Dealers Return | 9/16/1991 | See Source »

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