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...counting his money, or even bothering to spend it. He is too busy as one of America's most restless and evangelical corporate leaders. Thanks to his uncanny ability to motivate employees and slash expenses, the chain of discount stores Walton started just 25 years ago has become the fastest-growing and most influential force in the retailing industry. "It's the best-managed company I've ever followed, and I've looked at hundreds," says Margaret Gilliam, a vice president at the First Boston investment firm...

Author: /time Magazine | Title: Make That Sale, Mr. Sam Wal-Mart's | 5/18/1987 | See Source »

Badly shaken by the scandals, PTL last week put its debt at $65 million and began laying off 220 of its 2,000 employees. Assemblies Superintendent Carlson said the scandal "has been most painful, very difficult, embarrassing and humiliating" for his group, the fastest-growing Protestant denomination in the U.S. The Assemblies have ordered a special day of prayer and fasting for all 10,886 congregations...

Author: /time Magazine | Title: Religion: Ousting Two from the Clergy | 5/18/1987 | See Source »

...43rd edition of the Eastern Sprints saw the fastest lightweight racing in the history of the Lake Quinsigamond regatta, with new records established in each of the day's three races...

Author: By Ken Segel, | Title: Harvard Crews Out-Sprinted at Easterns | 5/11/1987 | See Source »

...superconducting electromagnets hit 321 m.p.h. on a test track; a version carrying three passengers made it to 249 m.p.h. earlier this year. That beats any conventional rival, including Japan's celebrated bullet train, which goes as fast as 149 m.p.h., and the French TGV, which provides the world's fastest regularly scheduled rail service, at speeds of up to 186 m.p.h...

Author: /time Magazine | Title: Science: Trains That Can Levitate | 5/11/1987 | See Source »

...result of its new A320. This technologically advanced short- to medium-range (up to 3,500 miles) jet, unveiled in February, will carry as many as 150 passengers. The world's airlines, including two American carriers, have made commitments to buy about 440 of the A320s, making it the fastest-selling new plane in aviation history. Moreover, Airbus is already taking orders for the A330 and the A340, two larger intercontinental planes that are only on the drawing board. To the astonishment of Boeing and McDonnell Douglas, Minneapolis-based Northwest Airlines placed a giant $2.5 billion order...

Author: /time Magazine | Title: Trouble on The Horizon | 5/11/1987 | See Source »

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