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...Taba. The coastal strip, five miles southwest of the Israeli town of Eilat, already boasted a Tahitian-style resort village, complete with topless beach, which had been built by a businessman with a 98-year lease from the Israeli government. Seven months later, in November 1982, another entrepreneur completed a 326-room, $20 million hotel at Taba. The builder, Eli Papouchado, knew that ownership of the land was disputed, but says he went ahead with government approval. Israel bases its claim to Taba on a 1906 Turkish map that delineated the border between Egypt and Palestine, which was then...

Author: /time Magazine | Title: Fight Over a Topless Beach | 9/22/1986 | See Source »

...Southerner. Yet his patchwork-quilt collection of pieces covers every section of the nation. Among the subjects that have piqued his interest are the loon preservationists in New Hampshire, a restaurant in Barrow, Alaska, that is the only place to find Mexican food in the Arctic Circle, and an entrepreneur in Des Moines who sells live bait through vending machines...

Author: /time Magazine | Title: A Letter From the Publisher: Aug. 25, 1986 | 8/25/1986 | See Source »

...initials these days might well stand for Can't Buy Serenity. Over the past few months the former No. 1 network has been rocked by enough traumas to fill a season of Dallas. Last year CBS was the target of takeover attempts by Atlanta Entrepreneur Ted Turner and a right-wing group allied with Republican Senator Jesse Helms of North Carolina. Financially drained by its anti- takeover maneuvers (the company repurchased 21% of its own common stock for nearly $1 billion), CBS has since embarked on a painful cost-cutting campaign. The Broadcast Group last month announced that...

Author: /time Magazine | Title: Video: CBS's Latest Soap Opera | 8/25/1986 | See Source »

...living room done in walnut and brass, and a Lenox china service for twelve. Business entertainment is given as one reason for these wonders. Playing with trains is the fuller explanation. If you are going to play, however, why not do things in a big way? In 1973 Entrepreneur Roy Thorpe, 50, from Fort Lauderdale, was talked into taking a steam locomotive excursion from Hoboken, N.J., to Binghamton, N.Y. Hitched to the train was the Clover Colony, a perfectly restored Pullman. Thorpe had a couple of whiskey sours while watching the Delaware Water Gap recede from the car's veranda...

Author: /time Magazine | Title: Living: Rolling Along on the Rails | 8/25/1986 | See Source »

...news at once. Their financial statement included $26 million in loss provisions for the ill-starred Goodwill Games, which had ended less than four weeks earlier. Turner noted that while his losses are "on their face, quite large," TBS business operations continued to show "satisfactory growth." The seafaring entrepreneur clearly intends to hang onto his dogged spirit of optimism as he tries to beat past the threatening reefs...

Author: /time Magazine | Title: Sailing Close to the Wind | 8/25/1986 | See Source »

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