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Like any high church, West Point relishes pomp. On crisp autumn Saturdays, tourists flock to the vast greensward known as the Plain to watch the corps of cadets parade by in their gray swallowtail coats adorned with gold braid. The essential West Point, however, is never on public display. It is hidden behind stone battlements, in bleak inner courtyards of black asphalt. In these forbidding surroundings, the rite of passage into the Long Gray Line begins every July with a seven-week ordeal that is officially labeled Cadet Basic Training but is better known as Beast Barracks. Plebes are weaned...

Author: /time Magazine | Title: West Point Makes a Comeback | 4/18/2005 | See Source »

Some once robust financial institutions have also been hit by questionable dealings involving bank insiders. Dubai's Abdul Wahad Galadari, former chairman of the Union Bank of the Middle East, borrowed heavily from his bank to speculate in gold and silver. When the Dubai government rushed in to rescue the failing UBME in November 1983, officials found that Galadari owed $8.7 million...

Author: /time Magazine | Title: Gulf of Woes: Banks decline and fall | 4/18/2005 | See Source »

...doing in school, but there would be a point when he would get launched, and we would try to launch him. There were two different house-burning stories. I worked in a little bit of one in the book, the one where Great Grandpa came back from the Colorado gold flelds, is the legend, and the gold dust was all lost in the blaze...

Author: /time Magazine | Title: Lonesome Whistle Blowing | 4/18/2005 | See Source »

...Egypt's wounded reaction to the U.S.'s diversion of its plane carrying the Achille Lauro hijackers. If Egypt were a true friend of the U.S.'s, it would not have been so quick to release the killers of an American into the "custody" of their P.L.O. comrades. Kenneth Gold Philadelphia...

Author: /time Magazine | Title: Letters: Nov. 18, 1985 | 4/18/2005 | See Source »

...NASA acronyms as PAP (payload activity planner) and CIC (communication interface coordinator). On an enormous video screen, a curved line snaked across a map of the world, tracking the voyage of Flight 61-A through space. But wait a minute. Emblazoned on another screen against a black, red and gold background was a message that seemed strangely out of place: ERSTE DEUTSCHE SPACELAB MISSION. Translation: first German Spacelab mission...

Author: /time Magazine | Title: Space: Guten Tag, Houston Control! | 4/18/2005 | See Source »

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