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...attack against even a fraction of these targets "would cause the Soviet Union to cease functioning as a society," says Stanford professor Scott Sagan, a former adviser to the Joint Chiefs of Staff. Yet arms expert Janne Nolan of the Brookings Institution contends that the "American political leadership is not aware of the enormous destruction envisioned in the military plans." The point is illustrated by official estimates of what would happen to the U.S. if the Soviets launched a surprise attack of 3,000 warheads, a mere quarter of their inventory. The Federal Emergency Management Agency says that between...

Author: /time Magazine | Title: America's Doomsday Machine | 7/16/1990 | See Source »

...time, however, the real clout rests with the oil-rich countries. Cut off from its former sources of supply and struggling from a failed bid to buy Getty Oil, Texaco turned to its former junior partner, Aramco, for help in 1988. The result was Star Enterprise, a fifty-fifty joint venture between Texaco and Aramco, for which the Saudis paid $1.8 billion. The venture operates three U.S. refineries and markets fuel at 11,450 filling stations...

Author: /time Magazine | Title: We Do It All for You | 7/16/1990 | See Source »

...issue threatened to divide the leaders more than the farm subsidies, it was the proposal to provide joint financial aid to the Soviet Union...

Author: By Brian R. Hecht, SPECIAL TO THE CRIMSON | Title: Bush Opens Summit On Optimistic Note | 7/10/1990 | See Source »

While Motorola stands ready to supply the handsets (initial price: $3,500 apiece), the company will need investment partners to finance the estimated $2.3 billion cost of building and launching the network of 700-lb. satellites. The firm is negotiating a joint venture with British Telecom, as well as with potential investors in Japan, Australia and Hong Kong. Motorola estimates that Iridium will need 700,000 users to become profitable. While that is roughly equivalent to the Pittsburgh white pages, it is less than 1% of the 100 million people around the world who are expected to be using cellular...

Author: /time Magazine | Title: Always On Call | 7/9/1990 | See Source »

...restaurant in Moss Landing. Several years ago, the alert wife of oceanographer Christopher Grech saw the relics and told her husband. He found Canepa, who recalled where he had snagged the pieces. The Navy's sub crew located the Macon on its first dive. Several museums have proposed joint recovery operations with the Navy so that the Macon can rise again and not be forgotten...

Author: /time Magazine | Title: Aviation: Found: the Lost Dirigible | 7/9/1990 | See Source »

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