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...Delaware. Says Ofstie: "We understand the reasons why Texaco went into Chapter 11. But we're an income-oriented investment company, and Texaco doesn't have a yield anymore. That's a problem we can't ignore." As time passes, Wall Street analysts expect that big investors will steadily dump millions of Texaco shares onto the market...

Author: /time Magazine | Title: A Break in The Action | 4/27/1987 | See Source »

...river's problems begin in the boomtown of Mexicali, which since 1970 has more than doubled its size, to an estimated population of 1 million. There, an overburdened sewerage system dumps millions of gallons of raw waste daily into the 30-ft.-wide stream. Other contaminants are added to the stew as the river continues northward, churning through a garbage dump, past cattle feedlots and dairies, and within yards of ramshackle slums. On the edges of town, such classic polluters as food-processing and chemical plants dump ! organic wastes, pesticides, solvents and other chemicals into slime-filled ditches that drain...

Author: /time Magazine | Title: Environment: Dead Cats, Toxins and Typhoid | 4/20/1987 | See Source »

...Tokyo government concedes that Japanese chips are still being dumped outside the U.S. But, it argues, the sales are being made not by Japanese chipmakers, who are under government control, but by independent businessmen. Officials claim to be doing everything they can to stop that, as promised. Not good enough, retorts Commerce Secretary Malcolm Baldrige: "If the manufacturers try to get out of their obligation not to dump in third-country markets by using middlemen, that is a deliberate action. It is the government's responsibility...

Author: /time Magazine | Title: Dumping: It's a Jungle Out There | 4/13/1987 | See Source »

...almost as soon as the agreement was signed, the U.S. began charging that it was being violated. The main culprits, in Washington's view, were Japanese manufacturers who continued to dump semiconductors, either directly or through middlemen, in such Asian markets as Hong Kong, Taiwan and Singapore. Washington was as sure of that activity "as I'm sitting here," declares Commerce Secretary Malcolm Baldrige. In January the Reagan Administration privately warned Japan that some kind of retaliation was likely unless the practice stopped. Washington finally conducted an investigation and satisfied itself that dumping had taken place. The Administration's preliminary...

Author: /time Magazine | Title: Trade Face-Off: A dangerous U.S.-Japan confrontation | 4/13/1987 | See Source »

There is a big pond on the infield of the Pompano Harness Track, and that is where Steinbrenner threatened to "dump the little guinea bastard," as he referred to Cassini, if the designer dared get in his way during the race. Steinbrenner was miffed because Cassini, who was once Jacqueline Kennedy's White House couturier, had been given the favored, inside rail position to start that race, probably in deference to his age. Cassini is 73 years old. He is a charming little man who looks like he weighs about 110 lbs., and who has aged gracefully...

Author: /time Magazine | Title: In Florida: Sweet Charity | 4/13/1987 | See Source »

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