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...finance and distribute small dramatic films for about $10 million apiece, action producer Joel Silver is teaming up with "Lethal Weapon" director Richard Donner to make low-budget action films in the $10 million range. Setting the abstemious tone at the opening Cannes press conference, Jury President Frances Ford Coppolla, who knows a thing or two about over-extended budgets, blamed Wall Street investors for the "corporate studio mentality" that brought cookie-cutter creativity to the industry following a string of Hollywood financial disasters. He traced the trend back to the megabomb "Heaven's Gate." Said Coppolla: "They used that...

Author: /time Magazine | Title: A Spotty Record | 5/14/1996 | See Source »

...residents be given vouchers to spend where they please on rent. And how could Dole's fellow free-market Republicans object to housing vouchers--a system that relies on the market, not government, to determine how and where poor people live, a system first instituted by Presidents Nixon and Ford and strongly supported by Reagan...

Author: /time Magazine | Title: ISSUES '96: THE SUBURBS WON'T VOUCH FOR THIS | 5/13/1996 | See Source »

...astonishing 40% of automobile sales yet generally provide gas mileage of less than 20 m.p.g. "With a typical SUV like a Chevy Blazer," says Mike Morrissey, spokesman for the American Automobile Association, "gas and oil will cost 6.8 cents a mile, compared with 5.9 cents for a Ford Taurus and 4.5 cents for a Ford Escort...

Author: /time Magazine | Title: FUMING OVER GAS PRICES | 5/13/1996 | See Source »

...motorists don't seem very concerned with fuel economy. At Ford, a survey revealed that fuel economy ranks only 15th among the items considered by consumers today when purchasing a new vehicle. That attitude is reflected on the highways, where drivers of all types of vehicles are sacrificing fuel economy by taking full advantage of new, higher speed limits in many states. As a result of this national indulgence, industry experts estimate that third- and fourth-quarter consumption of gasoline this year will reach 8 million and 8.1 million bbl. a day, respectively, a 7.5% and 10% increase over last...

Author: /time Magazine | Title: FUMING OVER GAS PRICES | 5/13/1996 | See Source »

Success is hardly evident from id's unpretentious headquarters next to a Ford dealer. True, it's the biggest building in town--seven stories--and game architect John Romero's custard-yellow Ferrari leaps out among the pickups and sedans in the parking lot. (It looks better beside the mostly marble, gargoyle-graced home he just built.) And yes, John Carmack, id's president and chief visionary, is having his own Ferrari custom built from parts. But the dress code is shorts and T shirts, as set by the ponytailed Romero, who at 28 is the eldest partner...

Author: /time Magazine | Title: THE WIZARDS OF ID | 5/13/1996 | See Source »

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