Word: ince
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Dates: during 1980-1989
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...computer terminal. Since joining TIME in 1958, he has been a correspondent, writer, associate editor and, from 1970 to 1979, a senior editor responsible for stories on science and space. After four years (1980-84) away from the magazine while serving as the founding managing editor of Time Inc.'s DISCOVER magazine, he returned to TIME last year to take overall editorial responsibility for the Science, Medicine, Space, Environment and Computers sections. In the ensuing months he has found time to write several stories, including articles on the medical ramifications of President Reagan's colon surgery last summer...
TIME proudly presents these exemplars of excellence with scholarship awards of $3,000. This summer they will receive first consideration for internships at Time Inc. Our heartiest congratulations to them...
...plastic items will be the same this Christmas as last. The reason: "Manufacturers have not been given a reduction in the price of materials. Since December, the cost of polyethylene has gone up about 3 cents a lb." Executives at the floor-coverings division of Dan River Inc., in Greenville, S.C., are less than elated with the results of the oil-price drop. The fibers that the company uses come from such petrochemical giants as Du Pont and Monsanto. So far, says Frank Loftin, a Dan River marketing vice president, the prices of those materials have not dropped...
Richard Bloch, co-founder of H&R Block, Inc., which will prepare one of every ten 1985 U.S. tax returns, on how it feels to survive an IRS audit without owing money: "It's like taking a bath. You feel good. You feel clean. You've got another year behind...
...York Yankees Owner George Steinbrenner aimed RICO against investment partners whom he charged with selling him their interests in a joint venture without informing him of all necessary facts. Dubious charges of racketeering are especially common in takeover attempts. When Corporate Raider Carl Icahn moved in on Dan River Inc. in 1982, the company tried to fend him off with a RICO suit. A business-world hardballer Icahn may be, but a racketeer? A federal appeals court refused to allow it. "RICO has a life of its own," says Illinois Federal Judge Milton Shadur disapprovingly...