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...decor of Lauren's headquarters suggests the backstage of a theater: cramped and slightly eccentric, with forest green walls and a bowl of M&M's on a table in the reception room. Lauren's personal office contains some of his favorite props: a wood-burning fireplace, a fleet of toy racing cars, family photographs and piles of fabric swatches. He often wears a studiedly scruffy uniform: a cotton work shirt, faded Levi's and well-worn cowboy boots. "This is who I am," he claims...

Author: /time Magazine | Title: Selling a Dream of Elegance and the Good Life | 9/1/1986 | See Source »

...seven astronauts to their death on Jan. 28. The new orbiter should be completed by 1991, its estimated $2.8 billion price to be paid in part out of money the space agency will save during the present launch hiatus. With a reduced launch schedule, the President said, the shuttle fleet will no longer carry commercial payloads, giving private industry a strong incentive to develop its own launchers...

Author: /time Magazine | Title: Science: Brighter Future for Nasa? | 8/25/1986 | See Source »

...leasing industry has flourished in part because the deregulation of airlines in the U.S. spawned many fledgling carriers that could ill afford to buy new aircraft. Tempe, Ariz.-based America West got off the ground by leasing ten Boeing 737s -- its entire fleet. Says America West President Michael Conway: "Without leasing, we would have had to raise a lot more money...

Author: /time Magazine | Title: Renting Out the Friendly Skies | 8/18/1986 | See Source »

...need one new shuttle. We need three or four. The nation's sharpest aerospace analyst, First Boston's Wolfgang Demisch, suggests that a single shuttle will build us right back into the mess we are trying to climb out of. A fleet of four shuttles (three current, one new) will have to work perfectly to meet our needs. "It's like the Soviet economy," says Demisch. "If everything works 100%, it is fine. It never does. When one part fails, the whole system fails. We need a realistic program. We are approaching a national emergency. We are re-creating...

Author: /time Magazine | Title: The Presidency: Lost in Space | 8/18/1986 | See Source »

...procurement process gone haywire. After the Pentagon spent $1.8 billion and ten years developing the tank-mounted, radar-guided gun, field tests showed that it had trouble hitting a hovering helicopter. The fiasco left the Army without a weapon to counter the Soviets' high-performance aircraft and growing fleet of nimble helicopters. Some reformers urged the Army to consider simpler and more reliable weapons, perhaps a version of the existing Rapier or the Roland missile systems. But the Army decided otherwise. Enter FAAD (for forward-area air-defense system...

Author: /time Magazine | Title: Son of the Sergeant York | 8/11/1986 | See Source »

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