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...restructured firm to owners of TWA's mostly worthless bonds. As the airline's largest bondholder, Icahn will receive a 20% stake in the company. He has agreed to pay $35 million for bonds and stock worth an additional 25%. All in all, Icahn has managed an impressive financing feat, maintaining control and getting 45% of a healthier company for a pittance...

Author: /time Magazine | Title: Airlines: Struggling to Stay Aloft | 8/12/1991 | See Source »

...living things. Within the space of a few hours, an unprepossessing aluminum box stuffed with test tubes can create a billion copies of what started out as a single strip of DNA. A dividing cancer cell would take at least a month to perform the same stupendous feat. "This technique," marvels Dr. Harley Rotbart, a microbiologist at the University of Colorado School of Medicine, "can reproduce genetic material even more efficiently than nature...

Author: /time Magazine | Title: Ultimate Gene Machine | 8/12/1991 | See Source »

...based in Baltimore, now spends three days a week in Los Angeles making movies -- almost all of them successful. In less than four years his independent film company, Morgan Creek Productions, has produced a sizzling track record of 10 profitable films out of 11 releases. That is a notable feat at a time when several independent filmmakers and two major studios, Orion and MGM, are verging on bankruptcy. Despite mostly negative reviews, Robin Hood took in nearly $26 million during its first weekend, the eighth best film opening of all time. Industry experts predict that Robin Hood, which is distributed...

Author: /time Magazine | Title: Hollywood From Subarus to Celluloid | 7/1/1991 | See Source »

...everybody had an identical twin from which to harvest organs, such drugs would be unnecessary. Failing that, doctors try, where possible, to find the closest approximation of a twin: a good genetic match. In a feat every bit as heroic as cracking the Enigma code during World War II, immunologists have determined just what makes for a good tissue match. Research dating from the 1960s shows that the immune system has developed its own set of molecular passwords, called human leukocyte antigens, that identify every nerve, every capillary, every organ as either friend or foe. If a cell displays...

Author: /time Magazine | Title: Matchmaker, Find Me a Match | 6/17/1991 | See Source »

Richard Nixon has managed that feat by following a kind of self-imposed work-release program ever since he resigned and left for San Clemente, Calif., in 1974, churning out dozens of articles and seven books on subjects ranging from Vietnam to geopolitics. Former aide-turned-bete-noire John Dean summed it up neatly: "He's running for the office of ex-President...

Author: /time Magazine | Title: Watergate Revisited: Notes from Underground | 6/17/1991 | See Source »

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