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...year since the Depression, as well as more than 6,000 bankruptcies and farm-loan defaults. Still, Sooners were not prepared for the latest bad news: the oil well on the lawn of the state capitol in Oklahoma City has gone dry. Nicknamed Petunia when drilled in a flower bed in 1942, the well and the derrick atop it became a symbol of Oklahoma's boom times. Drawing from an oil pool directly beneath the capitol, Petunia pumped some 1.5 million bbl. during its 43 years...

Author: /time Magazine | Title: Oklahoma: A Wilted Petunia | 2/3/1986 | See Source »

...forge positions that no longer sound startlingly naive, if idealistically attractive, to her listeners. One of her earliest promises was that if elected, she would not move into Malacanang Palace; instead she would open the residence for public wedding ceremonies. Now she sounds much less like a Filipina flower child. In her Rotary speech last week, Aquino laid out a program for lifting Marcos' "institutionalized dictatorship" that included an appeal to the Marcos-controlled National Assembly to repeal the presidential powers of preventive detention and return to the rule of habeas corpus. If the Assembly balks, she will...

Author: /time Magazine | Title: A Test for Democracy | 2/3/1986 | See Source »

...couldn't take his eyes off her. There was a woman on the shore of the creek behind her. She wasn't fishing, though. Not this lady. She had a portable radio, and a bottle of Jose Cuervo, and an old faded blanket, all yellow, like a cactus flower. One day I looked at her, and she didn't turn away. So I went over and talked to her. And the next week we were married. In Reno. By a Mexican. Name of Juan Carlos. But we got tired of each other, and the more our love faded, the more...

Author: By Daniel Vilmure, | Title: The Shepard Zone | 1/24/1986 | See Source »

...London stock market is starting to look a lot like Wall Street. Suddenly large takeovers are in flower. In New York it might seem almost child's play, but in Britain a billion-dollar merger or acquisition remains a remarkable event. Last week several behemoth-size deals were in the offing. Argyll, a supermarket chain, offered $2.8 billion to acquire Distillers, maker of Johnnie Walker Scotch and Gordon's gin, and Britain's General Electric bid $1.8 billion for Plessey, an electronics firm...

Author: /time Magazine | Title: Markets: Stock Offering in a Major | 12/16/1985 | See Source »

...barraged with a whole assortment of dolls and plastic toy figures. Usually these synthetic creatures come in a group, as in the case of the "Snugglebumms," a close-knit and multi-colored familial unit comprised of: "Momma Brightly," "Papa Gently," "Princess Snugglelina," "Snugglebumm's Kids" and "Tuggles" with omnipresent flower cart...

Author: By Jeff Chase, | Title: Kids' Stuff | 12/12/1985 | See Source »

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