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Every industrialized country is looking to high technology for its salvation. But competitiveness, high productivity, innovation - or their lack - will be even more decisive in the New Economy than in the old; an inefficient chip-maker will suffer just as much as an inefficient steelmaker. And the pitfalls will be just as deep for high-tech managers as for those in old-line industries. High tech is no passport to business success. Digital Equipment Corp. is a leader in the minicomputer business, but it is now having to run to catch up in micro computers. Xerox pioneered office copy machines...

Author: /time Magazine | Title: The New Economy | 5/30/1983 | See Source »

Lucas developed his themes more than ten years ago: the battle between good and evil; the ability of a free-spirited, unsophisticated society to win ultimate victory over a high-tech dictatorship; the power of an individual to prevail against all odds, if he only has faith in himself. "I don't believe it," Luke says in Empire, when Yoda levitates a spaceship. "That," answers Yoda, "is why you fail." It is a complicated universe of the imagination Lucas has laid out to express his themes, and he has tirelessly overseen its evolution, directing the first film himself and assigning...

Author: /time Magazine | Title: Great Galloping Galaxies! | 5/23/1983 | See Source »

...imaginative. But as with many public policy theories, the main question is: Will it play on the Potomac? And although Walter Mondale calls The Next American Frontier "one of the most important works of the decade," his buddies in organized labor are not altogether thrilled with Reich's high-tech heaven. A public policy theorist wants his plans implemented, but Reich does not leave enough room for natural compromise. While he might think that America needs "a new consensus" to address these problems, such a consensus has not emerged. Without it, the country is unlikely to swallow Reich's prescription...

Author: NO WRITER ATTRIBUTED | Title: A House Of Cards | 5/18/1983 | See Source »

Right now Biggs is particularly concerned about the headlong rush to high-tech stocks. He calls this "classic overspeculation," yet he is not bearish about the overall market trend. He foresees some degree of correc ion, but not the 10% to 15% anticipated by many of his Wall Street colleagues. He still strongly favors blue-chip companies that will benefit most from a slowdown in inflation: IBM, GE, American Bell and 3M. Lower oil prices and interest rates, he says, could keep the bulls going. Biggs last week, using Churchill's famous quote, said the bull market...

Author: /time Magazine | Title: Bothered Bull | 5/16/1983 | See Source »

...grittily romantic predecessors, Flashdance is pure glitz. This "Pittsburgh" has steel mills that shimmer in telephoto twilight. The sidewalks are clean as the Lido beach-must be where all the ironworkers got those golden tans. In a neighborhood bar, Alex (Jennifer Beals) and her chums put on a sexy, high-tech floor show that could exist only in Wayne Newton's dreams. One after another, lithe stunners display terrific muscle tone in discreet rock-'n'-roll stripteases. Alex lives in a loft about the size of SoHo, where she rehearses her dream: to win a job with...

Author: /time Magazine | Title: Cinema: Manufacturing a Multimedia Hit | 5/9/1983 | See Source »

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