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...Bros., Lanza bought 10 Loral electronic-manufacturing divisions, glued them together, bulked up their research-and-development units and named them L-3 (for Lanza, La Penta and Lehman Bros.). Lanza took the company public in 1998. Now L-3 thrives in two fast-growing markets: high-tech military gear and civilian security...

Author: /time Magazine | Title: Best Defense | 2/10/2003 | See Source »

...they tend to hire smaller shops like L-3 to make components, so, as Lanza puts it, "we won't be competing with the gorillas." Last year L-3 was a subcontractor for Boeing on several airport-security systems, and it is now working with Lockheed to supply communications gear and systems engineering for the U.S. Coast Guard. Also, last year roughly two-thirds of L-3's 35% earnings growth came from acquisitions. But Lanza predicts that internal growth will account for a steadily increasing share of growth and is aiming for $6 billion in sales within five years...

Author: /time Magazine | Title: Best Defense | 2/10/2003 | See Source »

...scary part: detection of such chemicals will be next to impossible, even for the Czechs. The small tabs of test paper that G.I.'s carry will not pick them up either. U.S. soldiers in Kuwait's northern desert are training in full bio-hazard suits. While that protective gear may stop military chemical and biological agents, "it has not been designed to deal with every type of chemical that can harm a human being," says Keith McGonigle, who teaches biological and chemical-awareness training. - By Simon Robinson/Kuwait City...

Author: /time Magazine | Title: World Watch | 2/9/2003 | See Source »

...that its Mecca of New England, the FAO Schwarz at 440 Boylston St. in downtown Boston, would be closing its tiny-handprint-streaked doors for good. After spotting numerous bargain hunters stumbling through the streets of Boston with hefty FAO bags overflowing with their plunder, FM donned its riot gear to investigate the chaotic consumerism at this childhood playground. The store hummed with activity—desperate customers cleared the shelves of goods as if preparing for a hurricane or a nuclear war that would leave them trapped in basements with only bottled water and board games for sustenance. Kids...

Author: By Kristin E. Kitchen, CRIMSON STAFF WRITER | Title: Welcome to Our World of Drastic Markdowns | 2/6/2003 | See Source »

Like its cousin the sneaker, the tracksuit came into the fashion mainstream via the street, through hip-hop and rave culture. The sweat suit became a B-boy uniform partly because disco gear did not lend itself to the gymnastics of break dancing. Another influence: music legends like Bob Marley, who adopted sweats as a uniform (and may have been drawing on the much iconized image of tracksuit-clad John Carlos and Tommie Smith giving black-power salutes at the 1968 Mexico City Olympics...

Author: /time Magazine | Title: Anatomy Of A Trend | 2/5/2003 | See Source »

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