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...Adam Opel operation in West Germany in the early 1980s, for example, he was credited with igniting the transformation of GM's inefficient European arm into a powerhouse. Overseas car operations contributed $2.6 billion of the company's $4.2 billion in 1989 earnings. Having won his stripes under the hood, Stempel must now take swift action to restore GM's sharply reduced share , of U.S. auto sales. During the nearly ten years that Smith has run GM, the automaker's U.S. market share has slipped from...

Author: /time Magazine | Title: GM Gets Itself A Car Guy | 4/16/1990 | See Source »

Calling the aid a "Fund for Democracy," Bush said Nicaragua should get $500 million and Panama $570 million. To pay for it, the Pentagon would postpone projects at Fort Ord, Calif., Fort Knox, Ky., and Fort Hood, Texas, delay repairing the damaged battleship Iowa and use savings from a hiring freeze. Bush said Congress should vote the aid package by April 6. It is expected to do so, but only after enlarging the pot. Since the President has opened the military vault, Congress presumably will look for the extra cash at the Pentagon...

Author: /time Magazine | Title: Foreign Aid: The First Peace Dividend | 3/26/1990 | See Source »

...best part of this newfound, well-earned success is that Hollywood doesn't quite know what to do with Alec Baldwin. He keeps disappearing into his roles, slicking down his hair to come on like a hood or donning glasses for that grad-student look. Mimicry is another form of camouflage, and Baldwin is gifted at it. He can imitate a Woody Allen monologue or a Southern stuntman's patois. While making Red October, Baldwin perfected such a good Sean Connery impression that it ended up in the movie. This is a great on-the- set mood enhancer...

Author: /time Magazine | Title: Alec Baldwin: The Hunk from Red October | 3/19/1990 | See Source »

...computer scientists put it, degrade gracefully; they crash. Moreover, what is gained in speed and productivity is often lost in control, reliability and -- for lack of a better word -- transparency. When a system of gears and levers stops working, its operators can roll up their sleeves, raise the hood and go to work. When a microchip goes bad, its circuits are unlikely to respond to on-the-spot ministrations...

Author: /time Magazine | Title: Ghost in The Machine | 1/29/1990 | See Source »

...week in a bloody nocturnal ambush 200 miles northeast of Managua, as they drove in a pickup truck from the capital to a church meeting in Puerto Cabezas on the Atlantic Coast. Bishop Paul Schmitz, 46, an American wounded in the attack, . said a rocket-propelled grenade hit the hood of the white Toyota, and "everything just exploded." Automatic-rifle fire pierced the pickup, breaking Schmitz's arm. He and a fourth passenger, Nicaraguan Sister Francesca Colomer, 24, screamed that they were religious workers, and the gunfire stopped. But Schmitz never saw the assailants...

Author: /time Magazine | Title: Nicaragua Dangerous Highways | 1/15/1990 | See Source »

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