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...stay aloft for an extra minute or so. How does it work? The combination of the wings' shape and the skydiver's position modifies the airstream to create the lift needed to float forward. A similar system was used to cross the English Channel this summer. INVENTOR Alban Geissler AVAILABILITY 2004, about $3,300 TO LEARN MORE skyray.de...

Author: /time Magazine | Title: Coolest Inventions: Out of Doors | 11/17/2003 | See Source »

Ever since, Kohl's guiding principle has been to preserve and enlarge his own personal power. Competitors within his own party, such as Kurt Biedenkopf, former General Secretary Heiner Geissler, and the President of the Bundestag Rita Sussmuth were either demoted or "promoted" to figurehead positions. Now, his Christian Democrats are in the lamentable state of lacking any leadership figure besides Kohl...

Author: By Albert Wenger, | Title: Kohl? Nein Danke! | 5/7/1990 | See Source »

...broadcast stations, vs. 1,260 papers and 5,700 stations for the Associated Press) was sold to a group of investors in 1982 for $1. Despite wage and staff cutbacks, U.P.I. remained in delicate health; as payroll checks began bouncing in March, Owners Douglas Ruhe and William Geissler agreed to surrender most of their shares to the company's creditors and employees. Even that drastic move was not enough. U.P.I.'s four directors voted unanimously last week to authorize Chairman Luis Nogales to file for reorganization under Chapter 11 of the federal bankruptcy code...

Author: /time Magazine | Title: Press: Pulling Wires | 5/6/1985 | See Source »

...nearly three years since Nashville Investors Douglas Ruhe and William Geissler acquired ailing United Press International from E.W. Scripps for $1, they have slashed costs, reduced staff and cut wages 25%. For a time, the medicine seemed to work. When U.P.I. announced a $1.1 million profit in the fourth quarter of 1984, its first gain in 23 years, the owners predicted profits of $6 million in 1985. That view was overly optimistic...

Author: /time Magazine | Title: Communications: Giving the Owners the Hook | 3/18/1985 | See Source »

Last week, with payroll checks bouncing and losses again mounting, Ruhe and Geissler agreed to step aside as part of a deal to save the firm. Under the new plan, they would retain some 15% of the stock but relinquish all control of the news service. U.P.I. President Luis Nogales, who was fired by Ruhe just four days before the agreement, will return to run the company. The terms also call for U.P.I.'s trade creditors to forgive the bulk of its $23 million debt in exchange for a 30% to 40% interest in the firm; most of the remaining...

Author: /time Magazine | Title: Communications: Giving the Owners the Hook | 3/18/1985 | See Source »

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