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Pssssst! Wanna look at the hottest read in town? Then snap up a copy of . . . the Berkshire Hathaway Inc. annual report. While the title suggests a pastiche of dry statistics and commercial puffery, connoisseurs of corporate entertainment eagerly await each year's version -- particularly the plain- spoken chairman's letter, written by superinvestor Warren Buffett. In the Omaha-based holding company's 1990 edition, released last month, the author quotes such thinkers as Woody Allen, Bertrand Russell and Buffett's four-year- old granddaughter Emily, while characteristically mocking his own financial acumen...

Author: /time Magazine | Title: ANNUAL REPORTS: The Best of Buffett | 4/15/1991 | See Source »

...Smart and Fame. In the meantime, Vanity Fair thrives by sticking to cover subjects that have the rosy glow of maturity: Farrah and Ryan, Sly Stallone, Madonna. At the same time, such magazines as Workbench, Homeowner and 1001 Home Ideas are briskly building up their circulation. One of the hottest newcomers is Countryside, a Hearst glossy about the virtues of conservation, rural landscapes and life in the exurbs...

Author: /time Magazine | Title: The Simple Life: Goodbye to having it all. | 4/8/1991 | See Source »

...respondents said they expected to travel domestically or abroad in the next six months -- up from only half who had planned to do so when polled during the war. "Once the war ended, the floodgates opened," says Linda Scott, marketing director for American Express Travel in Chicago. The hottest tickets for her Midwestern customers: Caribbean cruises and package vacations to Mexico and Hawaii...

Author: /time Magazine | Title: From Warfare to Fare Wars | 4/8/1991 | See Source »

...first phase, a two-record "concept album," turned out to be unreleasable because it unwisely sounded just like Les Miz and had to be junked at a cost of $500,000. But the show was radically revamped and opened on stage in London, where it remains the town's hottest ticket. On its way to Broadway, it ran afoul of the performers' union, Actors' Equity, and assorted ethnic lobbying groups. Charges that Mackintosh had not sought out enough Asian Americans escalated into a probe of racial hiring practices on all his shows; at one point he canceled the Broadway engagement...

Author: /time Magazine | Title: Last Exit to the Land of Hope | 4/8/1991 | See Source »

...work in the gulf? Well, you haven't seen anything yet, say test pilots participating in the U.S. Air Force's Advanced Tactical Fighter program. Stowed in a secure hangar at California's Edwards Air Force Base are hand-built prototypes of what these pilots claim are the two hottest fighter planes ever made. The flyers should know. For three months, in separate flight tests, they have been putting the experimental aircraft, designated YF-22 and YF-23, through their paces: landing in crosswinds, performing stomach-churning 360 degrees rolls and blasting through the atmosphere at twice the speed...

Author: /time Magazine | Title: Dogfight Over The Pentagon | 3/18/1991 | See Source »

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