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...claims to date: $50 million by the Houston firm of Brown & Root for the construction of shipyards and naval bases; $100 million by General Telephone & Electronics for the development of a telecommunications switching network; and $118 million by E.I. du Pont de Nemours for the building of a synthetic-fiber plant...

Author: /time Magazine | Title: Unfrozen Assets | 11/2/1981 | See Source »

there are 200-ft.-long "fast patrol boats," destroyers, fiber-glass-and-plastic-hulled minesweepers, troop-carrying Hovercraft and even a 670-ft., 14,000-ton Vickers aircraft carrier. Nor is the infantry slighted: there are mortars (51 mm or 81 mm), silencer-equipped submachine guns, four-round sniper rifles (99% accuracy at 400 meters) and a battery-powered grenade launcher. Missiles? Try an air-to-air Sky Flash or a ship-to-air Seawolf, a Rapier ("low cost" and "low weight") or a Swingfire ("long-range" and "antitank"). Once the weapons are ordered, there are British firms that will...

Author: /time Magazine | Title: What Money Can Buy | 10/26/1981 | See Source »

...Kamali took a nylon parachute, rip cords and all, and produced the first fashionable jumpsuits. A couple of years later, Kamali, owner of a sleeping bag, realized she would no longer have time to go camping, once her favorite pastime. So she cut up the bag, fashioned a fiber-filled coat and thus was born the precursor of the down clothing rage. Right now, she is working on a new inexpensive line for young children...

Author: /time Magazine | Title: Living: The Hot-Selling Locker Room Look | 10/5/1981 | See Source »

...innocence during breaks in the Abscam hearings. First scenes not reassuring: a short man in a blue blazer, with eyes that glint like brass buttons, is carrying through hideous plot. Details as thin as his hair, which is combed forward in little bangs. A sure sign of flabby moral fiber and questionable sexual orientation. Only precedent, either thespian or tonsorial, is Frank Thring as Pontius Pilate in Ben-Hur. What he did to Charlton Heston the fellow in the blue blazer is doing to Port Charles, the town in which General Hospital is situated. Mr. Blue Blazer turns...

Author: /time Magazine | Title: Video: General Hospital: Critical Case | 9/28/1981 | See Source »

...fact, the takeovers will probably push France into deeper trouble. The country's economy is already suffering from anemic growth, 7.7% unemployment and sagging investment. Nationalizing the banks-and 32 large industrial enterprises, including the Dassault airplane manufacturing company and the Saint-Gobain-Pont-à-Mousson fiber-glass maker-will almost certainly deepen the existing slump by making businessmen more wary of investing their money. Says J. Paul Horne, European economic analyst for the Smith Barney, Harris Upham & Co. investment firm: "The French private banking sector is all but gone. New private investment in France has been virtually frozen...

Author: /time Magazine | Title: France's Private Banks Go Public | 9/28/1981 | See Source »

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