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While chip sales were sinking, U.S. firms continued to lose ground to the Japanese. Rather than cutting back production, such companies as Hitachi and Toshiba persisted in selling at falling prices to boost their market share. "The Japanese don't throw in the towel on the downturns," says Lane Mason, an analyst for Dataquest, which studies electronics firms. "They are willing to suffer a little more red ink in the short term to achieve their long-term goals...

Author: /time Magazine | Title: America's Chips Are Down | 4/18/2005 | See Source »

CONVICTION OVERTURNED. Rubin ("Hurricane") Carter, 48, former middleweight boxing contender who, along with Truck Driver John Artis, was convicted in 1967 of shooting three people in a Paterson, N.J., tavern; by a U.S. district judge, on the ground that the verdict was based on prejudice and prosecutors' errors. The case received national attention in 1976, when the New Jersey Supreme Court threw out the original convictions. Bob Dylan championed Carter's plight in song and, along with Boxer Muhammad Ali, helped raise a $600,000 defense fund. The two men were convicted again in a retrial after which Carter served...

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

...their two leaders--just as these officials spent the previous week trying to manipulate the expectations. After the 3,000 journalists who converged on Geneva file their final reports, after the last evening broadcasts by Dan Rather and Peter Jennings and Tom Brokaw are transmitted from specially built new ground stations, it will be possible once again to get a hotel room and a table in a restaurant--and easier than ever to get an outside phone line in a city where 1,250 miles of new cables were laid for the most heavily chronicled superpower summit in history...

Author: /time Magazine | Title: When History Reaches a Peak | 4/18/2005 | See Source »

...nuclear missiles, even though his organization, High Frontier, uses the words in a new pro-SDI television commercial. George Lucas, creator of the Star Wars movie trilogy, hates the usage most of all. His company, Lucasfilm, asked a Washington federal district court to enjoin the TV spot on the ground that it damages a valuable trademark (film revenues to date: $1.3 billion) by taking Star Wars out of "the congenial realm of fantasy and entertainment" and associating it with "the frightening world of nuclear holocaust and death." When Judge Gerhard Gesell refused to issue an immediate restraining order last week...

Author: /time Magazine | Title: American Notes | 4/18/2005 | See Source »

Those with the opportunity and the presence of mind, like Henao, rushed desperately onto rooftops, or clambered into the branches of nearby trees. Some ran for the city's highest ground, its hilltop cemetery, or found other spots above the flood crest. Survivors later testified that the first wave of mud to hit the town was ice cold, like the mountain snows that spawned it. As it rolled onward, the mud carried along more and more of the inner fire of Nevado del Ruiz, until finally the cascade was smoking...

Author: /time Magazine | Title: Colombia's Mortal Agony | 4/18/2005 | See Source »

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