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...company's comeback is the work of Chairman Sanford Sigoloff, who has made a career of saving ailing firms through tough cost-cutting moves that have won him a nickname taken from the Flash Gordon comic strip: Ming the Merciless. When Sigoloff came to Wickes in 1982, he closed down several unprofitable divisions. After losses in 1982 and 1983 totaling $507 million, the company had net income of $296 million in its last fiscal year. To bankroll the Gulf & Western deal, Wickes has been issuing new stock and securities. About $500 million is in hand, and Sigoloff anticipates no trouble...

Author: /time Magazine | Title: Acquisitions: Out of Bankruptcy with a Bang | 6/24/1985 | See Source »

...Flash is not a part of Smith's business style. He prefers plain buttons to gold cuff links, quiet fishing trips to showy vacations in St.-Tropez. Last week in a lakeside resort in Salzburg, Austria, where he was attending a meeting of his European board of advisers, Smith wore the trademark pinstripe suit. Making no attempt at being suave, he cultivates a deceptive aw-shucks manner and punctuates conversation with his favorite expression: "Holy Toledo...

Author: /time Magazine | Title: Holy Toledo, Mr. Smith! | 6/17/1985 | See Source »

...Vegas, whose towering, grandiose signs Writer Tom Wolfe once characterized as "Boomerang Modern" and "Flash Gordon Ming-Alert Spiral," neon has not faded. The skyline remains an electric testimony to a raw and rambunctious American spirit. With its arrival elsewhere in so many shops and galleries and trendy facades, neon, which after all is the Greek word for new, seems to have found a means of staying that way. The medium has learned to bend with changing tastes...

Author: /time Magazine | Title: Design: the Canvas Is the Night | 6/10/1985 | See Source »

...present and Mick Taylor of the Stones past; Drummer Jim Keltner; and most especially the drum and bass team of Sly Dunbar and Robbie Shakespeare, who give the record a funky, rumpled-up, island-inflected, rhythmic drive. With all this professional sheen, Empire Burlesque is still startling, an unexpected flash-forward. Like a sudden cut in a film, this record is disorienting at first -- Where did this come from? What's going on? -- but so well judged and timed that after a moment, it seems the only natural course...

Author: /time Magazine | Title: Music: Here's What's Happening, Mr. Jones | 6/10/1985 | See Source »

...Desert that resembled a nuclear test site under construction. Washington used one of its own satellites to inspect further. Four months later, under pressure from the U.S., South Africa stopped work on the site. In September 1979, a U.S. satellite detected an intense burst of light, similar to the flash created by a small nuclear explosion, over the South Atlantic. A special White House panel of investigators discounted the possibility of an atomic blast, but the U.S. intelligence community has never been totally convinced...

Author: /time Magazine | Title: Who Has the Bomb | 6/3/1985 | See Source »

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