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...Flush with cash after having rung up one-third of all U.S. corporate profits last year, the nation's oil companies have been gobbling up companies on Wall Street like rich kids turned loose in a candy store. In March, Standard Oil of California made the largest takeover bid on record: $3.9 billion for 80% of the stock of Amax Inc., a diversified mining concern. A few weeks later, Standard Oil Co. of Ohio swallowed Kennecott Corp., the nation's largest copper producer, by offering stockholders a total of $1.9 billion for their shares...

Author: /time Magazine | Title: Oil and Liquor | 7/6/1981 | See Source »

...Author Isabel Colegate does not exploit this sentiment. The coming Great War is, naturally, a fact of which her characters are unaware, and so, except for a few vague anxieties, they cannot think of it. They have other concerns. Sir Randolph worries whether the beaters will be able to flush a sufficient number of pheasants. One of his grandsons wanders about, trying to find a lost pet duck. Some of the ladies continue or inaugurate amorous intrigues. The two best marksmen at the shooting party fall into an intense, ungentlemanly competition over who will bag the most birds...

Author: /time Magazine | Title: Books: Summer Reading | 7/6/1981 | See Source »

...talked past midnight, sat in the deck chairs on the sundeck of the "Busted Flush" with the starry April sky overhead, talked quietly, and listened to the night. Creak and sigh of the waves against pilings, muted motor, noises of the fans and generators and pumps aboard the work boats and the play toys...

Author: By F. MARK Muro, | Title: Descent Into Hell | 6/30/1981 | See Source »

Building its own reactor would be extremely difficult for a Third World country. But buying one would not be much of a problem, particularly for a nation like Iraq, flush with petrodollars. At least 15 countries* are now offering nuclear technology on the international market. Their wares include not only a variety of reactors and fuels, along with the necessary technicians, but also reprocessing machinery that could be used for recovering the lethal ingredients for bombmaking from the spent reactor materials. A tidy set of such equipment that would be suitable for conversion to weapon construction would cost upwards...

Author: /time Magazine | Title: The ABCs off A-Bombmaking | 6/22/1981 | See Source »

...location, he narrowly escapes a mob attack on the crew-seems the technicians had been using local teenagers for a series of porno video tapes. Predictably, their leader, a villain named Dirty Bob, manages to slip through some elaborate defenses and tracks McGee to his opulent houseboat, the Busted Flush. The result is one of MacDonald's King Kong vs. Godzilla confrontations that deliver a soul-satisfying amalgam of mayhem and justice...

Author: /time Magazine | Title: Books: Notable: Apr. 27, 1981 | 4/27/1981 | See Source »

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