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...government blames every adversity on the eight-year war against the contras, which ground to a halt when the U.S. Congress cut off military aid in 1988. The conflict did exact a terrible price. Some 23,000 persons were killed and twice that many injured, many of them civilians. The bill for destruction of property hovers around $12 billion. Then in 1988 Hurricane Joan compounded the pain, causing more than $800 million in damage. On top of that, the U.S. trade embargo initiated in 1985 has paralyzed the economy...

Author: /time Magazine | Title: Nicaragua Decade of Despair | 7/24/1989 | See Source »

...judge had granted Paramount's motion, which was joined by several major Time shareholders, Paramount could have pressed ahead with its hostile bid to acquire Time for $12 billion. But after 5 1/2 hours of hearings last week, Allen denied Paramount's request for an injunction to halt the Time-Warner deal...

Author: /time Magazine | Title: One for The Books | 7/24/1989 | See Source »

Similar concerns have arisen in other nations as well. To calm public protest, a Canadian utility proposed buying all the homes along a 90-mile power line that is under construction. But residents became so upset that the government ordered a halt to work on a segment of the line. Fears were further heightened last month when The New Yorker magazine published a series on "The Hazards of Electromagnetic Fields." Author Paul Brodeur charged utility companies and public health officials with trying to gloss over the threat to health posed by power lines and computer terminals...

Author: /time Magazine | Title: Health: Panic Over Power Lines | 7/17/1989 | See Source »

...deal, though, never quite materialized. While the timber industry announced its "reluctant acceptance" of the compromise, Andy Kerr, conservation director for the Oregon Natural Resources Council, complained that environmentalists did not have enough time to analyze the plan. Moreover, the group, which has been able to halt logging by obtaining court injunctions, was unwilling to drop all litigation for two years, as stipulated. In addition, the conservationists contended that the proposal, which allows loggers to harvest 8 billion board feet in the disputed lands through 1990, some 2 billion less than under normal conditions, surrendered too much...

Author: /time Magazine | Title: Still At Loggerheads | 7/10/1989 | See Source »

...favor Campbell's Prego spaghetti sauce over Unilever's Ragu because Campbell runs a day-care center and Unilever invests in South Africa. Consumers are eating chicken instead of tuna salad because thousands of dolphins drown each year in tuna nets. They have put pressure on Uniroyal to halt distribution of the suspected carcinogen Alar, a chemical used to ripen apples and keep them crisp, which may have influenced the company's decision last month to take Alar off the U.S. market...

Author: /time Magazine | Title: Listen Here, Mr. Big! | 7/3/1989 | See Source »

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